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Reporting gambling winningsTaxes » Tax Filing » Reporting Gambling WinningsLady Luck must be Uncle Sam's cousin, because taxes must be paid on all gambling winnings.Here's a look at the federal tax forms you'll need to share your ... Read more...State considers legalizing online gambling to fatten coffersIllegal online gambling is an estimated $30-billion dollar business worldwide. Now, lawmakers in cash-strapped Calif. want to legalize games, such as online poker, to get a piece of that pie and they could do it this year. "The issue isn't should people bet online. It's happening already," said Democratic Senator Lou Correa of Anaheim. He has a bill to make online poker legal in California ... Read more...NJ eyes hand-held gambling devices inside casinosGamblers at Atlantic City casinos may someday be able to place bets while standing in line for dinner, in a lounge, or beside a swimming pool.A proposal by state Sen. Jim Whelan, a former Atlantic City ... Read more...Florida casino gambling bill is dead for 2012TALLAHASSEE, Florida (Reuters) - A bill that would have ushered in the largest gambling expansion in Florida history was withdrawn by its legislative sponsor on Friday, killing for now the prospect of allowing up to three mega-resort casinos in the Miami and Fort Lauderdale area. The bill, which proponents said could lead to 100,000 new jobs for the state, faced a probable defeat at its first ... Read more...DC Council poised to repeal online gamblingAfter becoming the first jurisdiction in the nation to legalize online gambling within its borders, the District of Columbia is poised to repeal the program before it launches.The strong backlash on the ... Read more...Chasing the Win: Eastern Iowan speaks out about gambling addictionCasino gambling in Iowa has been legal for more than two decades. Industry officials say casinos provide a $1 billion impact to the state and pay $340 million in state taxes but some say gambling has ruined lives. Read more...Tribes: Conn. has unregulated online gamblingThe state's two federally recognized Indian tribes warned legislators on Thursday that unregulated online gambling is already happening in Connecticut, despite the state not having legalized Internet wagering. Read more...Florida and Casino Gambling -- Not While Disney’s HereCOMMENTARY | Another proposed casino gambling bill, this one promising 100,000 new jobs in Florida's troubling economy, failed to pass its first hurdle Friday, Reuters reports. In order for this bill to move further in the Florida House of Representatives it needed passage from one committee. In other words, it never stood a chance against the House Business and Consumer Affairs Subcommittee ... Read more... |
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