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Germany consultants reject sports sponsorship ban.

A ban on sports sponsorship in Germany has been rejected at a public meeting of the Sports Committee of the German Bundestag. The experts pointed to sponsorships’ importance to sports in Germany and the subsequent loss of funding such a ban would cause as the primary reason for its rejection. However, managing director of the

Maryland sports handle up almost 50% in April.

Maryland’s sports betting market enjoyed another huge double-digit rise in revenue during April, with more than $480m (€445.3m/£383.4m) generated. Maryland saw sports betting revenue rise by 48.1% year-on-year to $486.3m during the month. Retail accounted for $11.3m of handle, with around 98% coming from mobile. The US state recorded hold of 10.4%, with $435.9m paid

Brazil bettors situation to face 15% tax on winnings.

A new normative ordinance in Brazil has confirmed a 15% tax on player winnings above BRL2,824 (£437.77/€508.05/$547.25). The Special Secretariat of Federal Revenue of the ministry of finance published Normative Ordinance No 2,191 in the Official Diary of the Union on Tuesday. The ordinance outlined the tax framework for betting in Brazil after the Federal

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