With shoddy economies still extant in many corners of the world, central governments’ interest in collecting on citizens’ disposable income is hardly surprising – in fact, the disinterest and/or reluctance in regulating online casino entertainment is become more and more questionable as success stories continue to hit the news wire.
In Denmark, the national government is enjoying a recent uptick in sports betting and online casino revenue, according to industry news specialists Online Casino Reports. First-quarter results showed a 30% increase to gross gaming revenues earned by online gaming outlets year-on-year and the internet gambling argument is expected to surpass €1 billion for 2013.
Meanwhile, Holland’s finance ministry is expected to roll out new tax infrastructure for calendar year 2015, including a flat 20% rate on online gambling revenues. While this figure reportedly would put the Netherlands near the priciest in Europe, the rate is noticeably lower than the 29% levied on land-based casinos and sportsbooks.
The new rate is designed to attract foreign-based online casino gaming providers and, as a notable side effect of the regulatory framework, Facebook will no longer allow internet gambling-related ads to appear on Netherlands-based users’ pages.
Finally, there’s the US. In the big country, its online gambling industry long kept stifled by the Unlawful Internet Gambling Enforcement Act, is starting to open up to the possibility state by state. First in line to decriminalize will be New Jersey with governor Chris Christie signing a new law into passage in February; at this month’s East Coast Gaming Congress, experts predicted an influx of up to $600 million annually could be put into state coffers within a few years.