At any given time the licensees can partner with up to three gaming management service providers to run their online casinos. The current law only allows for a maximum of five interactive wagering licenses in the state in total. The total tax collected by West Virginia from online casino companies for the year 2022 was $86,172,746.Ī 15 percent tax is levied on West Virginian operators on their adjusted gross interactive wagering receipts. The only other gambling sector that made more was in-person slot machines. This was an increase of over 20 percent compared to 2021 when tax revenue collected was $1,112,855,937. The state of Pennsylvania was a standout in terms of tax collected, generating $1,364,392,468 in tax payments. The state requires companies to pay a 15 percent tax on internet gaming gross revenue. Similar in numbers to Michigan, it was a good year for New Jersey where the state benefitted from tax payments of $226,529,529 from the eight casino companies that also offer igaming services. The tax on igaming varies from 20 to 28 percent based on yearly adjusted gross receipts totals. The almost $290 million does not include the separate internet gaming state payments made by tribal casinos. In total, all internet gaming operators paid $289,243,842.38 in taxes to the state of Michigan last year. The state that earned the most from online casinos was Pennsylvania, bringing in over $1.3 billion for the year 2022.

Taxes Paid By Online Casinos By State In 2022 State The taxes collected are usually based on a flat rate applied to online casino companies’ revenue. The states of Michigan, New Jersey, Pennsylvania, and West Virginia all have legal online casinos.

State Revenue From Online Casino Companies How much money does the online casino industry actually make for states? Who benefits from that revenue? has analyzed the data over the past year and the answers are here. As sports betting has been proven to boost states’ tax coffers it raises a new question that has to be asked. Many states have already legalized online sports betting and are now considering the natural next step of legalizing interactive gaming, i.e., a form of online casino gambling. Each of these states’ economies benefits significantly from the taxes that these online casinos pay. However, there are only a few states that have legal online casinos. The popularity of online gambling has skyrocketed across the United States in recent years.

What states have online casinos