A GambleAware-backed study is investigating the best practices for treating gambling harm among neurodiverse people. Jackpocket has chosen to cease operations in New Mexico following legal pressure as more states look to keep gambling state-run. MGM Resorts reached a proposed settlement for $8.5 million with the (NGCB), following an investigation for illegal bookmaking. New York may soon ban sweepstakes casinos, with steep fines and criminal charges on deck.

Practices like these have helped propel unionization efforts across the industry, including at Xbox studios. The only way to make the numbers go up is to reduce costs, which means slashing headcount. And Spencer is just a man in a Battletoads graphic tee who, clearly, has to do everything he can to make these investors, his fellow executives and himself richer. Unlicensed verticals New Jerseyans tend to engage with include controversial sweepstakes or even offshore operators and sportsbooks. Among other things, the Responsible Gambling Task Force’s report recommends adding gambling education to elementary schools. This recommendation comes amid disconcerting youth gambling rates in New Jersey, with some experts suggesting that many kids are already gambling in fifth and sixth grade.

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These issues become extrapolated when considering that most bets made on apps like DraftKings, FanDuel, and Underdog do not pay out anywhere close to 300 times the wager. The resulting pressures are that taxpayers must voluntarily report this income, which puts tremendous pressure on them to track their records and honestly report their income. Perhaps, the weak reporting thresholder puts even more pressure on the taxing authority to devote considerable resources to investigating and identifying underreported gambling income.

The US gambling landscape has transformed dramatically since the 2018 Supreme Court decision striking down PASPA, with over 30 states now offering legal sports betting. The industry generates billions in annual revenue, with major players like FanDuel, DraftKings, BetMGM, and Caesars Entertainment leading the market in both retail and online operations. IGamblingInsider.com – We are the #1 Source of Gambling news online for gambling professionals around the world. As the foremost authority on anything on gambling, we keep you up-to-date with Breaking gambling-industry news from sports betting to casino and poker operations.

While some celebrate increased tax revenue and job creation from new casinos and sportsbooks, others express concern about problem gambling’s effect on families. Success stories of responsible entertainment mix with cautionary tales, highlighting the industry’s complex role in American society. Recent developments include the expansion of mobile sports betting into new states, growing concerns about gambling addiction rates, and increased scrutiny of advertising practices. The American Gaming Association reports record-breaking revenue figures, while regulators and advocacy groups push for stronger consumer protections and responsible gambling measures.

Starting in 2026, professional and amateur gamblers alike will only be able to deduct 90% of their losses, resulting in many gamblers, whether they win, lose, or break even, owing taxes on their gambling activities. This article discusses that provision and what gamblers need to consider as they engage in these activities after these specific One Big Beautiful Bill Act’s provisions become effective in 2026. Thirty-eight states, plus Washington, D.C., and Puerto Rico, now have some form of legalized sports betting, which has exploded following a 2018 Supreme Court ruling that broke up Nevada’s monopoly on the practice. In 2024, commercial gaming revenue reached a record high of nearly $72 billion, according to the American Gaming Association, which represents the U.S. gambling industry.

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The closing of the acquisition highlighted the company’s capability to complete strategic deals both swiftly and efficiently. At the same time, the takeover helped expand Gambling.com’s presence in the online gambling vertical. For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com. That may seem like a nominal amount, but it still forces you to pay taxes on something you didn’t benefit from.

• Depending on the taxpayer’s federal and state and local tax rates, they may have a substantially smaller income or even potentially a loss once taxes are paid.
• The report found the group failed to address a culture of unethical conduct and criminal infiltration.
• Still, Newman told CalMatters he has no regrets about introducing the bill despite the blowback and the possible impact the card rooms had in his senate race.
• The cash the card rooms poured into the four races sends a message to lawmakers that they’re also capable of spending big, including on political vengeance, said former Democratic Assemblymember Mike Gatto.
• He got on the card rooms’ bad side when he cast a key vote that let the bill advance from the Assembly Judiciary Committee, which Maienschein chaired.

Together, we’re making gambling safer, and we best casino sites online bonuses already look forward to building on this success in next year’s edition,” Haijer wrapped up. According to EGBA, the current campaign has involved 30% more countries than it did in 2023, generating a strong social media presence. For now, bettors must assume that the changes will remain in effect and plan accordingly. Speculation on what might happen will continue, but implementing a game plan based on the information at hand is a measured approach that can be implemented right now. Beyond the impacts on personal bottom lines, concerns are mounting that there will be much broader consequences. No matter the format, casino, sports, poker, etc., turning a profit is tough.

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With that new 90% limit, a frequent visitor to Las Vegas who breaks even over the course of a year, winning $200,000 and losing $200,000, no longer breaks even on his taxes. Comprehensive Sports News from the latest scores, standing rumors, trades and more. Whether you are looking for sports news from professional sports leagues or college sports we have it all! In addition, we provide local, national and international sports for news that matters to you. We provide Gambling Reviews to help you choose the right gaming operator or provider. Whether you are looking for a bookie pay per head company to become a bookie or a sportsbook, we have it all.