CPA Practice

FEBRUARY 9, 2024

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. Super Bowl 2024 is on Sunday, Feb.

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PYMNTS

JANUARY 25, 2021

It’s doubtful that many PYMNTS readers play video games. It’s gotten to the point where the reality of “professional gaming” is no longer some "out there" idea, and is currently pushing the boundaries of several industries at once while drawing fresh eyes and attracting big money from those looking to cash in on the hot new action. “It

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PYMNTS

JANUARY 19, 2021

MGM Resorts International said it’s pulling the plug on its bid to acquire the gaming platform Entain , which is its BetMGM partner. Entain — home to the bwin, PartyPoker and Coral brands — said its CEO Shay Segev is leaving the company to share the CEO position at sports-streaming platform DAZN. BetMGM, our U.S.

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Xero

MAY 30, 2023

Football is the most popular and watched sport on the planet and women’s football is ascending at a rapid rate in popularity. While the women’s game is gaining in popularity, commercially there is still some way to go. The post Beautiful game, beautiful business: Why this, why us, and why now? appeared first on Xero Blog.

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PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb. There are more than 2.5

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PYMNTS

NOVEMBER 14, 2019

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. Mobile order-ahead is in use at sporting and concert venues, where attendees no longer have to wait in long concession lines for their nachos or hot dogs.

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PYMNTS

NOVEMBER 1, 2017

Whether they’re diehard fanatics sure to catch every play, or fair-weather followers with varying levels of interest, sports fans are increasingly splitting their loyalties between real world, hometown teams and teams of their own creation. The FSTA also reported the number of people participating in fantasy sports grew from 41.5

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PYMNTS

DECEMBER 16, 2020

Digital sports entertainment and gaming industry platform DraftKings — known for its top-rated daily fantasy sports and mobile sports betting apps — today announced an agreement with InComm Payments , a global leading payments technology company, to launch an industry-first retail gift card. .

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PYMNTS

JULY 26, 2020

In a wide-ranging interview with The Wall Street Journal , the 79-year-old Brooklyn native talked about resuming professional sports safely, whether it’s unfair that high paid athletes get their coronavirus test results quickly while the rest of the world waits and what needs to happen to get fans back in the stands. he asked. “We

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PYMNTS

MAY 4, 2020

If Baltimore Ravens quarterback and last season’s NFL MVP Lamar Jackson has anything to do with it, VR gaming has arrived. Jackson himself has been part of the game’s development and promotion of the game. Status Pro is a sports technology company that already has its hooks deep into the NFL.

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PYMNTS

NOVEMBER 10, 2020

Gaming FinTech Mazooma has formed a partnership with FinTech data network Plaid to bring an instant transfer solution to the iGaming and sports betting industry, according to a Tuesday (Nov. Mazooma, a gaming industry leader for more than 15 years, is headquartered in Atlanta, Georgia and was founded in 2009. 10) press release.

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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?

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PYMNTS

FEBRUARY 28, 2020

Why pay a high price for a ticket to the big game, and sit in the nosebleed seats in the cold, when one could just as easily see it at home on an 80-inch, ultra-high definition screen — and see every play in microscopic detail while sitting at the tailgate party, unfolding in the warm comfort and surround-sound of one’s living room?

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ThomsonReuters

APRIL 2, 2024

Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers.

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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. Part of the impetus comes from the fact that sports betting is legal in 19 states, though mobile betting is only allowed in 13 of them.

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PYMNTS

AUGUST 22, 2019

Consumers are set to spend $23 billion buying mobile tickets for sports and gaming events by 2023. Sports brands are thus looking to a host of new technologies, like contactless payments, and even virtual reality technology, to accommodate a new generation of mobile users. Putting Connected Tech in the End Zone. individually.

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PYMNTS

SEPTEMBER 12, 2019

Video games are helping to drive retail innovation and growth, and that includes the hot area of subscription commerce. Video games have changed a lot since the early days of home gaming in the late 1970s and early ’80s. Gaming is figuring out the upsell,” Burkhart told Webster, “and utterly changing the entire market.”.

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PYMNTS

MAY 7, 2020

CNBC reported health experts and government officials say sports events probably won’t happen until next year at the earliest. On what might need to open for sports to commence, PYMNTS reported stadium games will not be the same for some time. Fans can opt for a cash refund or get another ticket for a later game.

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PYMNTS

NOVEMBER 13, 2020

In a sign of a continued rise in gaming amid the pandemic, DraftKings Inc. The resumption of major sports such as the NBA, MLB and the NHL in the third quarter, as well as the start of the NFL season, generated tremendous customer engagement,” DraftKings Co-founder, CEO and Chairman of the Board Jason Robins said in an announcement.

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PYMNTS

FEBRUARY 4, 2020

In 2018, the Supreme Court struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. The legalization of sports gambling requires an important policy choice, but the choice is not ours to make,” Justice Samuel Alito wrote in the 6-3 opinion.

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PYMNTS

APRIL 16, 2020

Sports betting site DraftKings is only issuing credits while events are canceled during the pandemic, but that hasn’t stopped it from plans to go public this month. Robins said he looks forward to opening even more offices and continuing to create an engaging experience for sports fans. which is publicly traded.

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PYMNTS

OCTOBER 15, 2020

DraftKings , which has been on a deal-making tear, has just inked another big agreement, this one with broadcasting giant Turner Sports, according to a press release. The Boston-based sports fantasy operator said in the release Thursday (Oct.

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Sports Entertainment New York Gaming 56

CPA Practice

JUNE 5, 2023

Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. By Kelley R. What is the jock tax?

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income tax Tax Sports Nevada 118

PYMNTS

NOVEMBER 17, 2020

Despite recent positive progress that a COVID vaccine is moving closer to becoming a reality, when it comes to the resumption of the activities, sports and shows that constitute “normal life,” event planners say they still lack the visibility and confidence to safely stage large, crowded events. Undying Demand.

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PYMNTS

SEPTEMBER 15, 2020

While the super-secret Defense Advanced Research Projects Agency (DARPA) gave us the original Internet, online gaming platforms are bringing forth the Metaverse. Currently, a frontrunner in all things Metaverse is Epic Games , whose Fortnite multiplayer game is the most widely-subscribed with an estimated 350 million players worldwide.

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PYMNTS

JANUARY 3, 2021

Online gaming already was a growing threat to MGM and other brick-and-mortar casino operators before COVID-19 forced the closing of gambling halls. Share prices of Draft Kings and Penn Gaming, two big players in the U.S. Share prices of Draft Kings and Penn Gaming, two big players in the U.S.

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Going Concern

JULY 28, 2023

These 25 elite athletes – among them 19 Deloitte professionals along with a few Deloitte alumni and sponsored athletes — are training to qualify for the Olympic and Paralympic Games Paris 2024. Breakdancing (“Breaking”) was added to the 2018 Youth Olympics and is making its Olympic Games debut at Paris 2024.

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PYMNTS

DECEMBER 27, 2019

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Online casinos’ monthly revenue more than doubled in the 15 months following the rollout of sports betting in June of last year.

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Withum

JULY 27, 2023

What was once considered a pastime of playing video games after school has become a growing varsity sport for many colleges nationwide. For those athletes that never – in their wildest dreams – thought the day would come when gaming would be a significant collegiate sport, this is cause for celebration.

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TaxConnex

MARCH 5, 2024

These digitized assets denote ownership of such collectibles as sports cards and artwork, even designer digital footwear. If the NFT entitles the purchaser an admission to a sporting event, the sale of the NFT is a taxable admission. The non-fungible token (NFT) remains a sizzling commodity. is the purchaser a consumer or reseller?).

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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. Save for fans of punting, the Super Bowl offered relatively little in terms of game excitement, and will go down as a matchup that produced a low score and low TV ratings.

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CTP

FEBRUARY 29, 2024

American gaming has boomed since sports betting and online gambling were legalized. Their main game is usually poker, table games, or sports betting. Amateurs may study betting games or investigate sports and athletes to improve their sports bets. Gamblers are self-employed professionals.

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PYMNTS

OCTOBER 28, 2020

On May 1, ESPN reported that “the sudden disappearance of sports will erase at least $12 billion in revenue and hundreds of thousands of jobs, an economic catastrophe that will more than double if the college football and NFL schedules are wiped out this fall by the coronavirus pandemic, an analysis conducted for ESPN shows.”.

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PYMNTS

SEPTEMBER 11, 2019

With sports teams such as the Carolina Hurricanes moving to distribute tickets nearly exclusively via mobile, fans are now tapping into digital platforms to access sporting events. According to the Commerce Connected Playbook , approximately 80 million people bought mobile tickets for sporting events last year.

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PYMNTS

MAY 19, 2020

The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. million from online gaming since the summer of last year. million in March of last year.

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PYMNTS

FEBRUARY 28, 2019

The nearly $17 billion youth sports industry is facing a dwindling number of registered referees. The shortage threatens to hamstring kids’ abilities to play games as schools across the nation report declines. Resolving these payments pain points could be vital to helping ensure there are enough officials to maintain game schedules.

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PYMNTS

FEBRUARY 1, 2021

Google will be winding down new content from its Stadia game studio, Stadia Games and Entertainment (SG&E), according to a blog post from the tech giant, in order to help the Stadia platform on other goals. PYMNTS reported that professional gaming has been rising in prominence.

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