State Gambling Tax to Reap Millions
Residents in the state of New Hampshire who like to gamble and be in with a chance of that coveted big jackpot win got an unpleasant shock last week. State lawmakers passed a new budget worth $11.5 billion.
The new gambling tax should raise $5.9 million for the state.
Also the new gambling tax will not apply to the majority of winnings. It comes only into its own when someone hits a big win, such as a lottery jackpot.
According to Department of Revenue Administration officials, the state standards that apply for the tax for gaming winnings will follow the federal requirement for completing the W-2G form.
This new tax is meant to apply to residents of New Hampshire who also earn winnings from gambling in other states.
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- June 12, 2009 -- Expekt In Collaboration With Microgaming
- May 20, 2009 -- Australia Casino Has denied It Enticed A Gambling Addict
- May 14, 2009 -- Monopoly Available Online
- May 4, 2009 -- Supreme Court Voted To Remove Language From A Gaming Law?
- April 27, 2009 -- Pressure On Florida Lawmakers
- April 26, 2009 -- Denmark To Deregulate Gambling Market?
- April 19, 2009 -- Antigua And Barbuda Announced That They Are Stepping Up Efforts To Monitor Online Gaming
- April 15, 2009 -- Las Vegas Sands Makes Appointment To Its Board
- April 12, 2009 -- Law Enforcement Officials Will tell People That The Reason They Go after Illegal Gambling Activity
Tags: Casino, Gambling, Online casino, Online gambling
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on Friday, July 10th, 2009 at 6:26 pm and is filed under News.
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