It’s March Madness time! That means fantasy sports games related to the NCAA basketball tournament are hitting high gear.
Casinos are losing money and states are losing tax revenue as younger people turn to other entertainment options such as fantasy sports.
Keystone State lottery players now get their winnings free of state taxes. The governor is proposing a tax on some jackpots as a way to close the state’s budget gap.
A new men’s NCAA basketball champ will be crowned on April 6. Also that day thousands of folks will cash in on their office betting pools. Now just don’t forget about the taxes.
Atlantic City has fallen on hard times, but is hoping that it soon will get cash from property tax lien sales, including two against Trump casinos.
If your brackets pay off, remember that those gambling winnings are taxable income.
Gambling winnings you collect during March Madness, even as part of your office pool, are taxable income.
In the span of four days, we witnessed what was arguably the largest spate of gambling in U.S. history. By the time the Mega Millions lottery numbers were drawn on Friday, March 30, folks hoping for immediate wealth had bought more that 625 million tickets. Three days later when NCAA March Madness wound down with
The ice and snow that this week blanketed two-thirds of the Lone Star State (we got 3/4 of one inch overnight here in usually moderate Austin) tried to upstage Dallas’ big event, but the football gods intervened. The storm system has moved eastward and it looks like Super Bowl XLV will go on without weather worries. Of