PYMNTS
MAY 8, 2020
Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. This year was expected to be lucrative for online sports betting as it is the first since those regulations were created.
PYMNTS
MAY 6, 2020
This is resulting in increased revenue for these online gambling platforms in states like New Jersey — trends in growth that may well continue after the crisis. There is one sticking point online casinos need to fix, however, and that is the speed at which consumers receive their winnings.
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PYMNTS
MAY 19, 2020
New Jersey made closing orders for its physical casinos on March 16. Pennsylvania reported similar numbers, with tax revenues from brick-and-mortar gambling dropping to $50.5 online gaming sites harness online payments, methods have to be licensed on a state-by-state basis, and transactions are subject to local regulations.
Abrigo
MARCH 22, 2023
Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment. Gain confidence in your BSA program.
PYMNTS
NOVEMBER 19, 2020
A companywide survey confirmed that a vast majority of their workers' whole paychecks were consumed by taxes and living expenses, leaving only 4 percent behind on average. This has caught the eye of regulators in California, New York and New Jersey, all states that have EWA legislation pending at present.
PYMNTS
MAY 16, 2018
The rest, says Pappano, are going to be scrambling to catch up so they can start to enjoy the potential new tax revenues that legalized gambling can create. Tax revenue is a powerful motivator. The ability to shape this new environment is simply “cascading” what’s already existed for decades.
PYMNTS
JANUARY 29, 2020
As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. Last month, reports in The Wall Street Journal , citing Federal Reserve data, found that nearly one-third of U.S.
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