Sports betting and legal analysts recently said that a "Hail Mary" letter petition requesting that the Federal Trade Commission...
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.
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...
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Tribal “nations” in the United States are encouraged by recent court decisions and have so far avoided attacks on...
In an unusual case before the Oklahoma Court of Criminal Appeals, Governor Kevin Stitt intervened in an effort to clear the way...
A bitterly divided Washington State Gambling Commission agreed to allow Washington cardroom operators to accept larger wagers,...
In urging the federal government to take action against unlawful offshore internet gambling casinos, Nevada has joined six other...
After legalizing sports betting in Arizona in 2021, the state has since collected more than $35 million in taxes from gambling...
A newly-filed class action complaint claims that hotel owners on the Strip conspired to artificially raise hotel room rates above...
Legislation from 2020 that restricts sports betting to just tribal territories in the State of Washington is being challenged by...
