Kyrie Irving is not part of the injury report for the Wizards vs Nets game on Saturday, February 4. The Washington Wizards will head to the Barclays Center to face the Brooklyn Nets a day after Irving asked for a trade. Are you looking for a fun and reliable sportsbook to join and bet with? This story was posted in Shared News, Top News and tagged Betting, Big Beautiful Bill, NTRA, Phil Galfond, President Trump, Senate, taxes on wagering, Tom Rooney, wagering.
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- It’s a ridiculous little game that provokes poignant thoughts about human existence and pushes players to find joy in small moments, and it’s finally coming to PC, Switch and PS5 on July 31.
- Although the breaches resulted in multimillion-dollar losses, the broader industry has been slow to adapt, leading to continued incidents.
Odds Holdings’ Acquisition Closes as Planned
Further restrictions may limit the number of ads that can be displayed at a single location, as well as the frequency of advertising. Daily fantasy sports operators, on the other hand, may be required to include links to self-exclusion programs, just like casinos and sportsbooks do. The task force was established by Governor Phil Murphy last year, in response to a Rutgers University Study which suggested that players in New Jersey are exposed to a higher risk of developing gambling problems. Microsoft has made a huge number of cuts to its gaming business since acquiring Activision Blizzard for $69 billion. It laid off 1,900 staff in January 2024, then made further cuts just a few months later when it closed Redfall developer Arkane Austin and Hi-Fi Rush developer Tango Gameworks. In September 2024, Microsoft cut a further 650 staff from its gaming business.
How Bettors Can Prepare For Big Beautiful Bill Changes
What a number of gambling aficionados pointed out on social media was that by limiting the tax deduction to 90% of losses, gamblers could actually owe taxes in years when they netted losses on their bets. Latest news on Betting & Gambling, covering sports betting, casino gaming, online wagering, DFS, state regulations, responsible gambling and industry updates. Our readership consists of casino operators, gaming businesses and individuals who wish to stay informed in the fast-paced world of gambling.
The figures do not include money won at tribal-run casinos, which report their revenue separately. Sports betting generated nearly $498 million in revenue in July, up over 28% from a year ago. Internet gambling in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia generated another $481.5 million, up nearly 23% from a year ago. Shortly after the acquisition was announced in December, a Jefferies Equity Research analyst reiterated a buy rating for Gambling.com. That was the opinion of David Katz, who was quoted by CDC Gaming back in December.
Independent analysis of Trump’s “Big Beautiful Bill” found it would increase the already ballooning national debt by $3.3 trillion over the next 10 years. Flutter informed customers about the player data breach by email and said the incident has now been contained. Commenting on the campaign’s success, EGBA Secretary-General Maarten Haijer said that the campaign has been a success in its most recent iteration and that the association had learned important lessons. The increase in participation has been another encouraging trend to observe.
GOP senators were also caught by surprise by a new excise tax for wind and solar projects that ultimately fell out of the legislative package. In May, one House Republican got an earful from his constituents when he admitted at a town hall he wasn’t familiar with part of the bill he had voted to pass just days earlier. Your initial support helped get us here and bolstered our newsroom, which kept us strong during uncertain times.
Major League Baseball allows players to legally gamble on sports, but not any “diamond” sports, which means they can’t gamble on baseball or softball at any level. Previously, Tucupita Marcano was permanently banned from baseball due to gambling on games involving his own team. Four other players — Michael Kelly, Jay Groome, José Rodríguez and Andrew Saalfrank — were suspended for a year for gambling on baseball games in which they were not personally involved. On June 23, they’ll debate bills to legalize iGaming, grant licenses, and set a 20% tax rate—just as pressure builds from neighboring states.
At the time, Katz predicted that the key takeover is expected to help Gambling.com grow its business by 20% in 2025. Considering that prediction, the expert increased his price target from $18 per share to $20 per share, reiterating a buy rating for the company. One example given on X laid out that under this new setup, if a gambler won $200,000 in a year but lost $210,000, they would actually be able to deduct only $189,000 worth of losses. Meaning they’d have $11,000 in taxable income even though they netted $10,000 in losses during the year. Our Online Sports and Gambling News website is all about interaction with its readers.
We cover big, breaking stories and smaller, viral ones, on everything from triple-As to indies to streaming. We also cover film, TV, and internet weirdness, bestcasinositesonline bonuses and it all gets tagged as Game News. The card rooms spent at least $500,000 on ads attacking Low, according to the card rooms. More recently, tribes have contributed $6.3 million to candidates since January 2023 while card rooms have donated at least $1.3 million. Those funds don’t include the $3 million the card rooms spent targeting the four candidates this fall. Can you help me reframe this experience in a way that reminds me what I’m good at?
Under the new law, gamblers will be allowed to deduct just 90% of their losses from their income taxes starting in 2026. Now, for example, gamblers who win $100,000 but lose $100,000 – coming out even — would still be required to pay taxes on $10,000. This sets up the potential for “phantom Income.” For example, a bettor wins $2,000 but has losses totaling $2,200.