Is the U.S. System of Taxing Gambling Winnings Fair?
- Nov 18, 2011
The question that must now be asked is whether gambling is truly earned income and whether the tax system on gambling is really fair.
Read More . . .HARTLEY HENDERSON has been involved with the online gambling world for nearly thirty years. His insights helped Intertops become the first sportsbook online to list odds for reality TV betting when they opened lines for Survivor in 2000. Hartley worked extensively for WWTS in the heyday of that storied sportsbook in the mid-2000s and finally landed at Major Wager for five years. His contacts throughout the online gaming industry are unparalleled and his column often offers exclusive interviews and opinions from gambling leaders around the world. Hartley was voted our top writer 5 times since he began at OSGA over a decade ago, most recently 2024. His weekly insights are not to be missed here at OSGA.
The question that must now be asked is whether gambling is truly earned income and whether the tax system on gambling is really fair.
Read More . . .The mandate is clear and Christie should start gathering a team together to determine the best way to start a challenge of PASPA.
Read More . . .Last year the New Jersey Senate passed a law to legalize online gambling in the state. Their hope was that online betting would bring much needed revenue to the struggling economy and also take away some of the illegal betting that was already happening offshore...
Read More . . .Next week, the horse racing super bowl takes place at Churchill Downs in Kentucky with the 28th running of the Breeders Cup. Unfortunately the best horses in the world will once again not be competing. Prince Khalid Abdulla and Henry Cecil, the owner and trainer of Frankel have decided not to run the superstar miler in the Breeders Cup...
Read More . . .In April of this year horse trainer Rick Dutrow was denied a license by the Kentucky Horse Racing Commissions licensing review board citing numerous violations of its rules.
Read More . . .It wasn't that long ago that NHL hockey was ignored in most of the United States. But, the question that many are asking is whether hockey betting will see a huge spike in the absence of NBA basketball this year?
Read More . . .In recent years there has been some interest in changing the federal law in Canada regarding single game sports betting, but to date no motions have been successful.
Read More . . .When it was announced that French investors were interested in purchasing Full Tilt Poker, many poker players owed money were hopeful...
Read More . . .Full Tilt Poker may not have been running a ponzi scheme but instead the recent allegations show a mixture of greed, incompetence and denial perpetuated predominantly by one man.
Read More . . .In 2008, online bettors seemed to have a clear choice on who to vote for providing the main criteria for their vote was the legalization of internet gambling. In 2012, perhaps none of the choices are right for gamblers.
Read More . . .While payment options are limited for Americans, the same is not true elsewhere. Many Americans are confused as to the options available to them. Check out what payment options were available and why limits are set as they are.
Read More . . .The reasons for Full Tilt Poker not being able to repay the money may be valid but it doesn't excuse the company for its incompetence.
Read More . . .