What states are considering legalizing online gambling
Watch video · State-by-state sports betting bill tracker. PASPA dissuaded states from legalizing At the same time various state lawmakers are considering sports. Internet Gambling Blossoms As More U.S. States Consider Legalization NPR's Kelly McEvers talks to Sue Schneider, Several states are considering legalizing it. Today, numerous states are either considering legalizing gambling or already have done so. the idea of legalizing gambling is not without controversy.
Details on State Gambling Laws
Tribal leaders from two coalitions met last month and said they made progress but still need more time to work out an accord. Like Oregon, Montana already has a law on the books allowing certain types of sports betting in the state. In , Nevada became the first state to legalize online poker but only to players physically in the state. Any change to existing state policy toward gambling would be a massive departure from decades of opposition to any form of gambling, including lottery tickets, table games and sports betting. The state's constitution prohibits expansion of gambling without a public vote poker would be considered a game of skill and therefore not gambling , meaning that online casino is unlikely. New sites are always launching in New Jersey. Additional casinos owned by other properties are expected to offer sports betting before the college and pro football seasons begin, too.
Internet Gambling Blossoms As More U.S. States Consider Legalization
Just two years after its first casino opened, Massachusetts is exploring a major expansion that would position it as one of only four states to allow online gambling. The idea is preliminary, but some state officials say such a move could allow Massachusetts to tax and regulate legalized wagering sites and make the state a leader in the technology that supports the burgeoning online gambling industry.
Amid the growing popularity of daily fantasy sports, state lawmakers last year created a commission to conduct a comprehensive study of online gambling, seeking to keep pace with a rapidly shifting landscape. Legalizing online gambling before other states could help Massachusetts become a leading producer of support software, she said.
Massachusetts is not the only state exploring online gambling; so are Pennsylvania and New York, among others. The instant, around-the-clock availability of online games make them particularly dangerous to problem gamblers, specialists say. While still largely illegal in the United States, online gambling is a vast industry, with an array of sites available to anyone with a computer and a credit card.
Many US gamblers gravitate to websites based in Europe, where wagers on professional sports and virtual poker, slot machines, roulette, and blackjack are generally legal and widely accepted. Last year, Massachusetts lawmakers passed a bill to legalize and regulate daily fantasy sports, which supporters have distinguished from gambling as games of skill, not chance. That bill, however, also established the panel now studying facets of the online gambling industry, including consumer protections, taxation, and its potential as an economic catalyst.
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But the Gambling Compliance survey also finds slim chances for a national law to regulate Internet poker, predicting a major effort by online gambling opponents to block it in Congress. So far, three states allow Internet gambling: New Jersey , Nevada and Delaware. In California, one of the largest potential markets, Indian tribes are trying to agree on how to legalize Internet poker. Tribal leaders from two coalitions met last month and said they made progress but still need more time to work out an accord.
The report said a bill is likely to be acted upon before an Aug. A bill in Mississippi that would have legalized Internet gambling died Tuesday when the state legislature failed to act on it. Gambling Compliance also says Nevada may consider expanding online gambling, which is currently limited to poker. It predicts Delaware, where Internet gambling is off to a slow start, will seek cross-border agreements with other states to expand the pool of bettors, a tactic New Jersey also is considering.
A bill awaiting consideration in the New Jersey legislature would create a new class of licensing to permit interstate and foreign bets to be taken by the Atlantic City casinos. The state will release January revenue figures next week. The report holds out little hope for a national bill legalizing Internet poker, noting that it is a midterm election year where anything politically risky is unlikely to be enacted. In fact, it said proponents and opponents of Internet gambling are jockeying for position in the U.
Senate, which is considering a blanket prohibition on Internet gambling. That is the goal of Las Vegas billionaire Sheldon Adelson, who is funding a campaign to ban online gambling. On the pro-Internet gambling side, Caesars Entertainment lobbied more heavily last year than any other group to legalize Internet gambling at the federal level, according to the report.
The report also predicted a handful of other states will consider joining Georgia, Illinois and Minnesota in permitting lottery tickets or games to be purchased or played online. Within hours of posting a seven-second video of their son learning to walk, Whitney and Adam Dinkel were flooded with messages. It's been six years since year-old Trayvon Martin was shot and killed by George Zimmerman.
Sign In Have Questions? In gambling, there are winners and losers But even the winners can be losers if they don't pay their taxes! Any money you win gambling or wagering is considered taxable income by the IRS.
So is the fair market value of any item you win. Gambling income isn't just cardgames and casinos; it includes winnings from racetracks, gameshows, lotteries, and even Bingo. Certain special rules apply to gambling income, and there are strict recordkeeping requirements.
However, you may be able to deduct gambling losses. Gambling income is almost always taxable income. This includes cash and the fair market value of any item you win. By law, gambling winners must report all of their winnings on their federal income tax returns.
Depending on the amount of your winnings, you may receive one or more Forms W-2G, which reports the amount of your winnings, as well as the amount of tax that was withheld, if any. You will need these forms to prepare your tax return. Remember that, even if you do not get a W-2G, you must report all gambling winnings.
If you win a non-cash prize, such as a car or a trip, you will be responsible for paying taxes on the fair market value of each prize. Depending upon the amount of your winnings and the type of gambling, the establishment or payer may be required to withhold income taxes.