PYMNTS

MAY 14, 2020

New Jersey’s big bet on online gambling has paid off, with revenues skyrocketing to a record $80 million in April. Not surprisingly, sports gambling revenues were way down as stadiums remained closed and most professional games were canceled due to COVID-19 restrictions. Sports betting collapsed in April to $2.6

Gambling 80

Gambling New Jersey Sports Gaming 80

PYMNTS

JANUARY 22, 2021

In 2018 the Supreme Court struck down a 1984 federal law that prohibited gambling in most states. But now gaming and sports betting is moving online and regulators are just now trying to figure out how to manage it.”. Casinos] use all kinds of tools including facial recognition with cameras everywhere,” Edwards said.

Gambling 72

Gambling Tennessee Sports Gaming 72

PYMNTS

SEPTEMBER 18, 2020

Paytm, India’s eCommerce payment platform, was removed from Google’s Play Store after the global technology company alleged Paytm violated Google’s gambling policies, India.com reported , but the app was later reinstated. “We Within hours of its removal, Paytm was reinstated to the Play Store, The Indian Express reported.

Gambling 82

Gambling Sports Technology Account 82

PYMNTS

JANUARY 29, 2021

New policy changes on Google Play will enable gambling apps to be available in its store in more countries effective March 1, extending availability to the U.S. Just four Google Play stores worldwide make gambling and betting apps available — Brazil, Ireland, France and the United Kingdom. Currently in the U.S.,

Gambling 67

Gambling Rhode Island West Virginia Nevada 67

PYMNTS

MAY 6, 2020

This is resulting in increased revenue for these online gambling platforms in states like New Jersey — trends in growth that may well continue after the crisis. government, as well as the gambling industry, is also dealing with infrastructure and regulatory hurdles that stall its ability to offer instant disbursements at scale, though.

Gambling 88

Gambling Sports New Jersey Tax 88

ThomsonReuters

SEPTEMBER 19, 2023

With the recent start to the NFL season, sports wagering is a popular topic of conversation among football fans. Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. The revenue share may not be less than 20 percent of adjusted gross sports wagering revenue.

Sports 52

Sports North Carolina Vermont Missouri 52

PYMNTS

NOVEMBER 4, 2020

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.

Sports 77

Sports South Dakota Gaming Gambling 77

PYMNTS

JUNE 19, 2020

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. . The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. billion. .

Gambling 69

Gambling Sports Massachusetts Entertainment 69

CPA Practice

MAY 8, 2024

By Connor Sheets, Los Angeles Times (TNS) Ippei Mizuhara, the former interpreter for Dodgers superstar Shohei Ohtani, has agreed to plead guilty in federal court to stealing millions of dollars from Ohtani to cover gambling debts, according to the U.S. Department of Justice. The extent of this defendant’s deception and theft is massive,” U.S.

Gambling 52

Gambling tax return Sports Tax 52

RogerRossmeisl

OCTOBER 1, 2021

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware that tax consequences go along with your good fortune.

Gambling 130

Gambling Tax Sports tax return 130

PYMNTS

JULY 6, 2020

Amid a pandemic that has shuttered brick-and-mortar casinos, the burgeoning online gambling or gaming space may make it through COVID-19 with less adverse financial effects than other verticals. Supreme Court decision allowed sports betting. The health crisis came in a year that was already set to be a pivotal one for the industry.

Gambling 57

Gambling Sports Gaming Government 57

PYMNTS

MAY 8, 2020

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 . This year was expected to be lucrative for online sports betting as it is the first since those regulations were created. reaching a value of $102.9

Gambling 70

Gambling Sports New Jersey Pennsylvania 70

PYMNTS

JULY 5, 2018

Supreme Court ruled earlier this year that states can allow sports betting, the world of gambling now promises to gain more of a digital edge. Experts estimate the total size of the illicit sports betting market ranges from $80 billion to $150 billion wagered annually. But since the U.S. Market Size. Verification Tools.

Gambling 41

Gambling Sports Technology Non-Profits 41

PYMNTS

MAY 13, 2019

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC. Bleacher Report said its sports betting category has shown massive growth for the company.

Sports 64

Sports Gambling Legal 64

PYMNTS

OCTOBER 5, 2018

It’s a good time to be a sports gambler. Supreme Court for the spread of sports gambling if a particular state wants it. According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. Baseball playoffs. PayPal Progress.

New Jersey 59

New Jersey Gambling Sports Legal 59

PYMNTS

OCTOBER 2, 2019

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. College and U.S.

Gambling 53

Gambling Sports Legal New Jersey 53

PYMNTS

JULY 27, 2020

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public.

Gambling 56

Gambling Indiana Colorado Sports 56

PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. Gambling Landscape. First, a review and update about the online sports gambling situation in the U.S. More about that in just a bit, though.

Sports 67

Sports Gambling Legal New Jersey 67

PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Such desire for speed is also helping to drive innovation in other forms of gambling-related payments. Some 15 percent of the U.S.

Gambling 54

Gambling Legal Sports Tax 54

PYMNTS

FEBRUARY 5, 2019

5), details emerged about the success and failure of the new online sports betting regime in the U.S. Now the next major test for sports betting is about to unfold. million worth of wages with legal New Jersey sportsbook operators, but that gambling operators lost $4.6 Total Super Bowl gambling topped $4.76

Sports 49

Sports Gambling Nevada Legal 49

PYMNTS

SEPTEMBER 10, 2018

Bet on it: More gambling is coming to consumers’ mobile devices, including via companies that provide fantasy sports betting, thanks to a U.S. The latest development comes from fantasy sports betting site FanDuel. The federal prohibition on sports betting was backed by the NCAA, NFL and NBA. That includes MGM.

Gambling 40

Gambling Sports New Jersey Gaming 40

PYMNTS

JANUARY 23, 2019

Now the operators of sports betting websites are wondering if the U.S. A new interpretation from the DOJ “now makes the Wire Act applicable to any form of gambling that crosses state lines, including online gambling and online lottery,” according to an account. Gambling Progress. As the Feb. Supreme Court decision.

Sports 57

Sports Legal Gambling New Jersey 57

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. MGM announced a deal to become the first sports gambling partner of the NBA.

Gambling 40

Gambling Sports Gaming Legal 40

PYMNTS

MARCH 19, 2019

The NCAA men’s basketball tournament stands as the largest sporting event since the Feb. Supreme Court, which in May 2018 struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. That includes DraftKings , which operates a fantasy sports app.

Sports 50

Sports Legal Gambling New Jersey 50

PYMNTS

FEBRUARY 2, 2021

But perhaps his best quote comes from his other pastime, gambling: “I want people to understand, gambling is not a bad thing if you do it within the framework of what it’s meant to be, which is fun and entertaining.”. To an extent, that same spirit and intention is behind the recent spate of government approvals for online gambling.

Tennessee 105

Tennessee Gambling Sports Entertainment 105

PYMNTS

MARCH 27, 2019

Supreme Court decision that legalized sports betting – lawmakers in the U.K. 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. . – the first March Madness since the U.S.

Gambling 46

Gambling E-commerce Sports Legal 46

PYMNTS

NOVEMBER 18, 2019

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.

Sports 43

Sports Gambling Gaming Government 43

PYMNTS

JANUARY 19, 2021

sports betting and online gaming venture with Entain, remains a key priority for the Company as we continue to leverage our preeminent physical gaming, entertainment and hospitality platform to expand digitally," Bill Hornbuckle , CEO of MGM Resorts International, said in a press release on Tuesday (Jan. BetMGM, our U.S.

Gaming 82

Gaming Gambling Sports Entertainment 82

PYMNTS

MAY 14, 2018

The Supreme Court of the United States (SCOTUS) has struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. The decision came down 6-3, representing a victory for several states that would like to tap into sports gambling as a way to generate revenue and bring in tourism.

Sports 40

Sports New Jersey Gambling Nevada 40

PYMNTS

APRIL 22, 2019

The online fantasy sports-betting space is growing strong. The issue of balancing onboarding security with ease is top of mind for all companies operating in the gaming and gambling space. Keeping online identity verification secure is particularly important for BBVA, which announced that a full 38 percent of its U.S.

Sports 57

Sports Gambling Gaming Technology 57

PYMNTS

MAY 28, 2019

To reportedly build a licensing empire with the Sports Illustrated name, Authentic Brands Group LLC has agreed to buy the storied magazine from Meredith Corp. Authentic Brands Founder and Chief Executive Jamie Salter said, according to the newspaper, “Sports Illustrated has authority and the respect of athletes all over the world.”

Sports 49

Sports Gambling New York Sales 49

PYMNTS

JULY 25, 2018

A recent decision by the Supreme Court of the United States ended a ban on legalized sports gambling, and has the potential to change how sports fans from coast to coast experience games. The court’s decision allows individual states to open online gambling to residents. To protect against this, 888.com

Gambling 40

Gambling Sports Gaming Legal 40

PYMNTS

APRIL 24, 2020

In terms of the mechanics, the sports betting company has come public through a merger with Diamond Eagle Acquisition Corp. After all, the sports world has been hit hard by the coronavirus – in fact, live sports are nowhere to be seen. Beyond the mechanics, one asks: Why now, and what’s next?

Gaming 71

Gaming Gambling Sports Legal 71

PYMNTS

SEPTEMBER 17, 2020

It’s been said that “gamblers find things to gamble on.” Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. For instance, DraftKings announced on Wednesday (Sept. A ‘League’ Of Their Own .

Gambling 67

Gambling Sports Indiana Nevada 67

CTP

FEBRUARY 29, 2024

American gaming has boomed since sports betting and online gambling were legalized. Complex tax laws for filing and deducting gambling winnings and losses provide new hurdles for taxpayers. Definitions of gambler categories Gambling winnings are reported differently based on the different categories.

Gambling 105

Gambling Tax Account accountant 105

PYMNTS

MAY 16, 2018

Today, illegal gambling represents a $150 billion business. Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. Caveat Emptor.

Sports 40

Sports Gambling Gaming Legal 40

PYMNTS

SEPTEMBER 23, 2020

But George Connors , senior vice president of gaming and sports solutions at Fiserv , told PYMNTS in a recent conversation that other things have remained the same — like online gaming. market as regulatory restrictions were lifted from online gambling in recent years. And if major U.S. Keeping Players Safe.

Gambling 88

Gambling Sports Gaming Entertainment 88