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Legislators propose 15% to 25% tax rate for new states adopting internet gambling
Read full article: Legislators propose 15% to 25% tax rate for new states adopting internet gamblingLawmakers from states with legalized gambling are proposing standards for other states that are considering allowing internet betting.
NJ to fine sports books asking players to cancel withdrawals
Read full article: NJ to fine sports books asking players to cancel withdrawalsBut he wrote that trying to talk customers out of withdrawing funds from their accounts violates numerous state rules. “Patrons who request withdrawals have the right to receive their funds as expeditiously as possible," he wrote. “This is a naked attempt by online gambling operators to get citizens to lose more money,” said Les Bernal, the group's director. “In the period between a withdrawal request and the actual release of funds to the customer, patrons reported contact from providers encouraging or enticing them to reverse the withdrawal request and wager the funds,” Rebuck wrote. “Our automated payout system protects our players by enabling them to cash out quickly so they don’t otherwise cancel their payout requests and continue gambling with their winnings,” he said.