Atlantic City's top-performing Borgata casino underpaid online gambling taxes by $1.1 million
Briefly

The Division views this matter as serious," its acting director, Mary Jo Flaherty, wrote in an Aug. 15 letter to the Borgata. "The original violation was an understatement of gross revenue by almost $10 million. This second understatement of gross revenue was in an amount of over $4.5 million. The fact that this conduct was repeated less than 18 months after the Division warned an additional violation of this type could result in a civil penalty is also to be considered."
In March 2023, the Borgata wrongly included $9.8 million in bonuses including table games in deductions that are supposed to be only for slot games, resulting in a tax underpayment of $787,000. It was assessed nearly $88,000 in interest and nearly $40,000 in penalties.
In July 2024, a software upgrade by MGM resulted in deducting more credits than the amount of player bonuses that were actually awarded. That added $4.5 million in credits beyond what the casino was entitled to, and a $365,000 underpayment of taxes.
Read at Fortune
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