Arizona sports betting bill hearing delayed

first_img Tags: OTB and Betting Shops Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Legal & compliance Sports betting Tribal gaming Regions: US Arizona Arizona sports betting bill hearing delayed 11th February 2019 | By contenteditor A Senate Committee hearing on a bill to legalise sports betting at Arizona’s tribal casinos and bars was delayed to give the legislation’s sponsor time to make revisions and amendments to the proposal.SB 1158 has been assigned to the Senate Rules, Appropriations and Commerce Committees. It was due to have its first hearing on Thursday February 7 before the Commerce Committee, only for this to be delayed.Bill sponsor, Republican Senator Sonny Borrelli, explained that would allow the legislation to be amended. It currently includes an emergency provision that would mean it would have to be passed by two-thirds of each legislative house before passing to the governor, then coming into law immediately after being ratified.However this clause is to be removed in order to give the Department of Gaming more time to develop rules for sports betting.SB 1158 aims to permit federally-recognised Indian tribes that have a gaming compact with the state to operate sports betting. It would also allow venues with a bar, beer and wine bar or private club licences to partner the tribes to offer legal wagering. While it includes no provision for online or mobile wagering, betting via self-service kiosks would be permitted.The bill amends the Arizona Revised Statutes to allow citizens aged 21 and above to bet on sports. The tribes would be required to contribute up to 8% of Class III gross gaming revenue to state coffers, per the existing tribal compact, which allows for up to 43 tribal casinos to be established in the state.In 2018 tribal gaming contributed $107m (£82.9m/€94.7m) to state revenue, according to the Arizona Department of Gaming. A Senate Committee hearing on a bill to legalise sports betting at Arizona’s tribal casinos and bars was delayed to give the legislation’s sponsor time to make revisions and amendments to the proposal. Subscribe to the iGaming newsletter Email Addresslast_img read more

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AGA appeals for reform of jackpot tax reporting threshold

first_img The American Gaming Association (AGA) has urged the US government to raise the slot jackpot reporting threshold, which requires machines to be temporarily taken out of production while large jackpot winners complete a tax reporting form.The threshold is currently set at $1,200, above which a player must complete the W2-G form, as has been the case since it was introduced in 1977.Bill Miller, president and chief executive of the American Gaming Association, said raising the threshold was particularly important as casinos across the US reopen following the novel coronavirus (Covid-19) pandemic, which caused all casinos across the country to close.“As the gaming industry safely reopens and seeks to return to financial health, one critical area of regulatory reform the administration should consider is modernizing the $1,200 slot jackpot reporting threshold, which has been in place since 1977,”  Miller said.Read more on iGB North America. Topics: Casino & games Legal & compliance Slots AGA appeals for reform of jackpot tax reporting threshold Email Address Regions: US 21st May 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Tags: Slot Machines The American Gaming Association (AGA) has urged the US government to raise the slot jackpot reporting threshold, which requires machines to be temporarily taken out of production while large jackpot winners complete a tax reporting form.last_img read more

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