In response to a complaint, Wynn Resorts Ltd. was fined $5.5 million by the Nevada Gaming Commission. This is the third...
According to the law, in the vast majority of states and countries, gambling winnings are fully taxable. They vary based on the amount won, and the type of game played.
There are two types of winnings- cash and non-cash. Cash winnings refer to the money scored while playing casino games, bingo, raffles, sweepstakes, poker, and so on, while non-cash winnings encompass stuff like car and voyage. So whenever you win, you need to report those winnings to the local tax collection agency, or else you risk dealing with not-so-pleasant consequences.
To make things work and to avoid any unpleasant situations, each gambler needs to be acquainted with the local rules and laws. Regulations vary from one country to another, and they are often updated.
This corner is full of handy bits of advice on what to do when you win, where to report taxes, how to properly fill in the tax forms if a professional gambler, and so on. It also features some excellent tips on how to fly safely with money, what to do in case police pulls you over on your way to or from Las Vegas (or any other place), and so on.
In response to a complaint, Wynn Resorts Ltd. was fined $5.5 million by the Nevada Gaming Commission. This is the third...
A man from Chicago won $800,000 from sports wagers he placed, traveling as far as Iowa to do it. The casinos refused to pay in...
According to the American Gaming Association (AGA), unregulated offshore betting cost licensed casino operators nationwide almost...
A planned new casino in the Washington, D.C., area might be used by foreign foes to breach United States national security,...
According to Mescalero Apache Tribal President Thora Walsh-Padilla, a Mescalero Apache tribal member was recently questioned by...
More than 70 California cardrooms, including Lake Elsinore Casino Cardroom, were sued in Sacramento Superior Court by seven...
The mayor of Atlantic City, Marty Small Sr., 50, has been indicted by a grand jury in New Jersey. After it was alleged that the...
Sports betting and legal analysts recently said that a "Hail Mary" letter petition requesting that the Federal Trade Commission...
Following a California state appeals court's decision that there is insufficient evidence to support the hotel's provision of...
A Republican Wisconsin state legislator has been barred from the Lac du Flambeau Band of Lake Superior Chippewa Indian...
The Federated Indians of Graton Rancheria, owner of the Graton Resort & Casino in Sonoma County, commended California Governor...
According to an arrest report, Las Vegas residents John Salmen, age 63, and Lydia Salmen, age 70, have been taken into custody on...
Former Las Vegas casino executive Scott Sibella faces a potential three-count complaint from the Nevada Gaming Control Board,...
U.S. Interior Secretary Deb Haaland is being asked by four tribes that are against a proposed tribal casino in Medford, Oregon to...
A California corporation that was created in a manner that conceals the identity of its members filed a new lawsuit against the...
The low-key state agency in Nebraska that oversees casinos is coming under increased scrutiny as casinos within the state grow in...
A former Pennsylvania State Police corporal who, until recently, held the position of compliance director for Pace-O-Matic, the...
revious moves made by Republican legislative leaders in North Carolina could have resulted in the approval of a state budget that...
