The Guardians enter Thursday 40-44, which is 14 games out in the AL Central, though they are only four games back of the third AL wild-card spot. NSW Gambling Minister David Harris said the government was committed to a “safe and responsible casino industry”. The second inquiry was commissioned by the special investigator in February to examine whether the Star had made the “deep structural change” required to be suitable to hold a licence.

• Simply put, many who previously relied on gambling as a profession may no longer be able to do so, as the house edge on a bet, combined with tax liabilities, will make it difficult to turn a profit from these activities.
• Helldivers 2 is heading to Xbox on August 26, ending its tenure as a PlayStation 5 console exclusive after a little more than one year.
• 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.
• However, in 2026, the $2.8 million in losses is limited to $2.52 million in deductions, resulting in paying taxes on $480,000 in income for the same taxpayer.

Cleveland Guardians starting pitcher Luis Ortiz has been placed on paid leave over a reported MLB investigation into gambling. Ortiz was scheduled to start the Guardians’ game Thursday night against the Cubs, but instead it’ll be Joey Cantillo taking the ball for Cleveland. The Democratic congresswoman from Las Vegas, home to the gaming industry, has introduced legislation that would repeal the provision. Both GOP senators serve on the Senate Finance Committee, which crafted the tax provisions of the bill. The panel, which is led by Sen. Mike Crapo (R-Idaho), released the legislative language concerning the tax change weeks before the bill passed in the Senate. It went largely unnoticed until it was signed into law over the weekend.

New York online sports betting revenue hits record $248.9 million in May

The alert was reportedly “triggered” by action on Ortiz’s first pitch that inning being either a ball or a hit batsman. The next incident, with similar action, was another bad miss on June 27 in the top of the third inning. 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.

Star Entertainment was due to post its full-year results on Friday but entered a trading halt after the report was published. The regulator will consider the findings, including four compliance breaches, and is due to respond in coming weeks. The report found the group failed to address a culture of unethical conduct and criminal infiltration. Lithuania has officially launched a sweeping plan to phase out gambling advertisements by 2028.

Games Global expands into the US following acquisition of DGC B2B division

We also report on the AAA gaming studios, which are increasingly a target for acquisitive giants like Microsoft and Sony. “Whether or not they can change language this late in the game is very tough,” said Rooney, about efforts to strip the latest gambling tax language from the current iteration of the bill. Through July, year-to-date commercial sports betting revenue reached $5.46 billion, exceeding the same period in the previous year by more than 63%. A Nevada lawmaker and Las Vegas casino owner oppose changes to gambling tax code in federal budget bill.

World Vision Australia CEO takes own charity to Fair Work after tenure ended

A previous version of the bill in the House contained key tax provisions that would have been detrimental to many horse racing stakeholders. But Rooney said that they were able to remove that through lobbying efforts. The group said 21 of 31 commercial gambling states that were operational a year ago and have complete data available best casino sites online bonuses posted year-over-year revenue growth in July.

All of our internet gambling reviews are made by our unbiased staff and from actual players and operators. Furthermore, we keep all of our sportsbook up-to-date to help you choose the right one for your needs. For those in the former camp, who already deal with notoriously tight margins, changes in tax treatment could completely wipe out earnings. If they have a year in which they break even or lose money, they could still be liable for taxes based on the changes in tax laws.

Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry. Even worse, the taxpayer would have to incur large losses (11% more than their wins) to prevent themselves from owing taxes. Using the above example, even if the losing bet was $1,100, the taxpayer would still be liable for taxes on these gambling activities. This liability is because the winning bet of $1,000 and the deduction from the losing bet of $1,100 is only $990.

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. The portal’s main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts. Stay tuned in for all the latest gambling and online casino industry news, in-depth interviews and reactions with big global players as well as up-to-date coverage on betting business and technology news. You can even check out our articles too, for the best casino blogs to keep you familiar with the most recent casino news internationally. States will need to prepare for the impact on income tax reporting from gambling activities within their borders.