WSOP Ends Single-Table Satellites; New Tax Reporting Guidelines for Mega Satellites
The 2023 World Series of Poker is only a month away. It came as a surprise to many that single-table satellites will no longer be offered
West Virginia Adopts New Tax Law: Good for Gamblers
West Virginia joined the ranks of favorable states for gamblers last week, as it adopted a new law that will allow residents to deduct gambling losses
Illegal Gambling Operation Tax Fraud
An Ohio resident was sentenced to two years in prison for her role in defrauding the government. Over the course of five years, she filed false tax returns
Will the $1,200 Threshold for Slot Machines Ever Increase?
The $1,200 IRS threshold for reportable slot machine jackpots has been in place for nearly 45 years. Over this time, it has never been increased
New York Gambling Expansion & Tax Concerns
The New York online sports betting market launched in January 2021 and quickly became the largest revenue-generating state in the country.
Gambling Tax: 2023 Tips to File Your Winnings and Losses
To help players with their 2022 tax returns, I wrote an article for Cardplayer Lifestyle outlining some tips and considerations before filing your return.
2023 Sports Betting Expansion Outlook
Numerous states launched regulated sports betting in 2022, including states not favorable to gamblers (yes, we are talking about Ohio). The sports betting industry
Tax Forms to Expect from Online Gambling
If you gambled online, you may have been fortunate enough to win enough to trigger a reporting requirement. While some online gaming operators
Canadian Gambler Sentenced After Falsifying U.S. Gambling Losses
William Woo, a Toronto resident, frequented the U.S. from 2006-2010. During his time visiting, he actively gambled at casinos near the border. Whenever he
Ohio Launches Sports Betting; Taxes Loom
On New Year's Day, Ohio finally launched online sports betting. Multiple operators throughout the state began accepting legal sports bets, which drew betters from
Poker Account Theft
The poker community has had its share of scandals this year, and now faces another, as players have to be wary of fraudulent activity. It was reported that a
Gambling in the Metaverse
If you have yet to familiarize yourself with the Metaverse, it is a virtual reality world that offers almost everything that can be found in the real world.
Draftkings vs. IRS - Daily Fantasy Sports Tax
Draftkings announced the IRS is still conducting an audit surrounding its status as a Daily Fantasy Sports (DFS) operator. The IRS believes DFS is a gambling