Oaklawn Racing Casino Resort in Hot Springs became the first place in Arkansas to offer sports wagering
last week, when it opened ts newly remodeled Race & Sports Book in the north end of the casino.
The state gaming commission is expected to finalize wagering
rules before the current legislative session ends June 19.
from all-sources was the highest all-time on both the Kentucky Derby Day program and on the Kentucky Derby race.
Prior to the updates made by the TCJA, professional gamblers were permitted to deduct "ordinary and necessary" business expenses in excess of net gambling winnings, which are gambling winnings that exceed gambling losses from wagering
, not business, transactions [IRC sections 162(a) and 165(d)], This was in large part due to the ruling in Mayo v.
March Madness, the Super Bowl and the soccer World Cup are all well-known wagering
That's about double what the state's casinos took in during December, the first full month sports wagering
was allowed in Pennsylvania.
The University of New Hampshire School of Law has joined forces with sports data and content provider Sportradar to offer what they say is the first professional certificate in sports wagering
The Sooner 6ix will pay out 50 percent of the wagering
pool to winning tickets with six of six correct.
165 overturning a 2011 Tax Court decision and 2008 IRS memo is momentous for taxpayers who claim to be engaged in the trade or business of gambling by virtue of their participation at card tables, racetracks, or other wagering
venues, real or virtual.
Persons in Florida would also be prohibited from wagering
money or any other thing of value on the outcome of a live dog race occurring in Florida after that date.
Recently, the State of Delaware released data from the first 20 days of sports wagering
in the state.