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Betting on the Super Bowl? Don’t Forget About Taxes

CPA Practice

However, if you are among the 68 million people expected to place bets on the big game, you need to know that taxes are part of the equation. Super Bowl LVIII kickoff time Before delving into IRS sports betting tax rules, it’s good to have the key details of the game. And income from gambling winnings is taxable.

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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . reaching a value of $102.9

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US Voters Approve Sports Betting, Casino Gaming Expansions In 6 States

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gambling industry, with three states authorizing legal sports betting and three others either approving or expanding casino gaming, the Associated Press (AP) reported. The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. billion by 2025.

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Gambling Site DraftKings To Sell More Shares In $1.6B IPO

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The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers.”. billion. . which changed its name to DraftKings Inc.

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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

Cards (as in prepaid, stored-value cards that consumers can use for gambling, payroll and a variety of other uses, many of them novel) are only half the battle. Mobile has changed the payroll game — and, with it, consumer expectations for how it should work. Placing A Bet On Online Gambling. It’s very targeted,” Cregan said.

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Virtual Gaming Grows Into A Force For Tourism And Even Atlantic City

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With every passing year, it becomes harder and harder to talk about, or even think about, the global digital and mobile ecosystem without considering the place of gaming within that world. This means that Niantic has done something unique in gaming. Louis, Philadelphia and Liverpool to the gaming event list. Southern Accents.

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How To Make Online Sports Gaming A Sure Bet For Payments, State Governments

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Against that backdrop, considering the speed at which states are accepting online sports betting (and the strength of the dollars flowing into the space), legalized gambling via mobile seems a sure wager. Several other states have online gambling legislation in the works. The Current State. The Technology Component.

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