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Online Gambling And The Challenges Of Betting On Instant Disbursements

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The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. The year 2020 was already set up to be an interesting year for digital gambling, with states opening increased access to online casinos and sportsbooks.

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

CPA Practice

Now, the District of Columbia and most states allow some form of online sports betting, while another nine states only allow retail sports betting. Gambling winnings tax If you are one of the millions to place a bet this year, you need to know that the IRS considers sports betting to be gambling.

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

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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 . Shopping on mobile devices has increased 7.7

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Path To World Series Brings Changes To Online Gambling

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It’s not exactly high time for legal online gambling yet – that comes in early 2020, with the Super Bowl and then the NCAA college basketball tournament – but the betting season is certainly heating up on more ways than one. And that new fuel comes as the legal online and mobile gambling industry in the U.S. More Consolidation Coming.

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

PYMNTS

The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. While questions linger over the 2020 sports season, that hasn’t stopped DraftKings from upping its previously announced initial public offering (IPO) to 40 million shares of stock. . billion. . as part of the deal. .

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Authentication Provides The Real Action For Online Gambling

PYMNTS

All the action on the legalized gambling front is putting authentication and verification services under a bigger spotlight – and making them major players in this growing area of digital payments and commerce. Of course, that’s not the only type of pressure that comes to bear on friction for customers of online gambling services.

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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. Placing A Bet On Online Gambling. The rise of online and mobile (legal) gambling is providing benefits to reloadable and store-value cards, and driving innovation.