Once again, the monthly report starts with highlights from the US, where some noteworthy changes on the federal level took place. Tribes will be permitted to offer state-wide online sports betting and online gaming if amendments made to the Indian Gaming Regulatory Act (IGRA) are approved by the Department of the Interior. These amendments, suggested by the Bureau of Indian Affairs, would permit local tribes to offer online gambling products encompassed in the tribal-state compact.
Moreover, representatives presented legislation to repeal the 0.25% federal tax on sports betting handle. As a small reminder, there were a couple of attempts to repeal the tax, but none of them was successful.
Though the United States traditionally lead the way with regulatory changes in the gambling industry, other corners of the world were busy as well. Keep reading our complete report on updates from the US, South America, and Europe!
Most Significant Updates United States-Wide
Indiana: Online gaming and lottery bill won’t be coming to Indiana this year, as the bill HB1536 which aims to legalize the said activities was dropped from the current legislative session.
Kentucky: Legislation to legalize retail and online gambling HB 551 was approved by the House and progressed to the Senate for consideration. Also, the Governor signed the bill, HB 594 which explicitly prohibits the operation of coin-operated amusement machines that incorporate any element of chance and include any prizes of value in convenience stores, gas stations, and bars.
Maryland: If voters approve the bill SB 267 in November 2024 referendum, the state could launch an online gaming market. As far as proposed, the activity would be taxed 15% on online gaming gross wins.
Massachusetts: The state opened its online sports wagering on March 10, 2023, with Barstool, BetMGM, Caesars, DraftKings, FanDuel, and WynnBet starting their operations from the day one.
Mississippi: If the Governor approves the bill HB 606, the state would establish a task force in charge of studying online sports betting.
New York: According to the new rules for advertising, it is not permitted to broadcast sports betting ads on platforms that are mainly visited by audiences under the minimum gambling age. Advertisements that include info that the percentage of the affiliate’s commission depends on the number of bets registered players place are prohibited as well.
North Carolina: The state could embrace sports betting if the bill which aims to authorize and regulate online sports betting HB 347 is approved. As far as defined, 12 commercial online operators would be allowed to offer interactive sports wagering at a tax rate of 14% of the gross win.
Oklahoma: Bill HB 1027 to permit the state’s tribes to offer retail and online sports betting is forwarded to the Senate for consideration.
Regulations in South America
Brazil: The Ministry of Finance drafted a Provisional Measure to regulate sports betting in the state, without including online casinos in it. As far as noted, operators interested in providing games to locals would be required to establish offices in the country. If Congress approves it, the bill needs to be enacted within 120 days.
Also, the government of the State of Paraíba published a decree regulating sports betting and passive lotteries with Loteria do Estado da Paraíba (LOTEP) being in charge of granting licenses and supervising the market. Fixed odds betting would be offered in land-based establishments, or online via private companies.
Peru: If amendments presented by Congresswoman Lady Camones are accepted, both operators with legal presence in the country as well as foreign platforms would be required to pay taxes. Companies that supply unlicensed remote sports wagering would be sanctioned.
Newest Updates from Europe
Romania: As per the most recent amendments adopted by the Senate, gambling advertisements on television are prohibited between 06:00 and 23:00. The only exception is made during live sporting events. What’s even more, celebrities and sporting personalities are not permitted to appear in ads which promote gambling.
H2 Gambling Capital, March 2023
The post Overview of Regulatory Updates in Online and Land-Based Gambling Industries During March 2023 first appeared on RealMoneyAction.com.