GameRiv brings all the latest and breaking gaming news, leaks, rumors, announcements, and updates. Still, Newman told CalMatters he has no regrets about introducing the bill despite the blowback and the possible impact the card rooms had in his senate race. Newman, the state’s most vulnerable senator who’d been recalled from office once before, ended up losing to Choi by 6,075 votes out of the 458,615 cast in the race.

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They seldom skip any news on the day it happened, so I hardly have to look elsewhere. Would love to see more in-depth original reporting but definitely great place to get your info for the industry on the daily. I love that there are sites that bother to list all regulated gambling brands in my state. GamblingNews have a good scoop of news and pages to read, and I have found tons of helpful info to help me decide about my gambling. Scattered thunderstorms were anticipated at any point during today’s best casino sites online bonuses Mariners vs. Yankees game though these chances are 30 to 50 percent each hour and it is indeed possible weather will not impact this game.

The Big Beautiful Bill’s Ripple Effects For The Gambling Industry

Three attempts by states to ban sweepstakes casinos have failed in the past two weeks and the industry’s trade group is overjoyed. GamblingNews helped me look up some cool slot reviews and play a few games that I had long had on my radar, but never actually tried myself. The review just gave me the basics and narrated the theme well enough for me to want to play. Congresswoman who introduced measure to restore full gambling reductions on losses to offer prerecorded message exclusively for Bet Bash attendees after being offered invite to appear on panel. „Flutter UKI holds itself to the very highest standards in our industry and we have made a number of changes to our controls and player protections since early 2021.

It was the first time since 1980 that a Republican flipped a Democratic senate seat in a presidential election. He got on the card rooms’ bad side when he cast a key vote that let the bill advance from the Assembly Judiciary Committee, which Maienschein chaired. Sharp, the lawyer for Hawaiian Gardens, said Maienschein also refused to meet with him and other card room representatives before the vote. A TV ad from the card rooms attacked Maienschein for his voting record before he switched his party affiliation from Republican to Democrat in 2019. Davies infuriated card rooms when she cast a vote that let the gambling bill advance out of a committee this summer, despite having a cardroom in her district.

“Final passage is uncertain,” he added, of the entire budgetary package. “People ask, why are they moving this gambling tax from 100% to 90%, it’s because of revenue, and just trying to find money wherever they can,” said Rooney. The version of President Donald Trump’s “Big Beautiful Bill” passed by the Senate earlier this week contains a tax provision that could prove prohibitive to gamblers, with ramifications for horse racing’s bottom line.

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 posted year-over-year revenue growth in July.

• BetMGM, a leading sports betting and iGaming operator, and Marriott Bonvoy unveiled a first-of-its-kind rewards collaboration in 2024.
• Decisions in Washington don’t just stay in Washington — they shape lives everywhere.
• The group said 21 of 31 commercial gambling states that were operational a year ago and have complete data available posted year-over-year revenue growth in July.
• In the era of declining tax enforcement budgets, this strain may be difficult to overcome.

Since you can only deduct $1,980 (90%), you’re paying taxes on $20 you didn’t win. Using the above scenario, if the bettor wagered $5k and walked away with $100, the bettor would only be able to deduct $4,410, equal to 90% of their losses. That being the case, the bettor is now on the hook for paying taxes on $590, despite only having $100 in profit to show for their efforts. Tucked into the nearly 900-page legislation is a change to how gambling losses are taxed that some professional and amateur bettors say could crush the industry. Many of the allegations centered on Mathew Bowyer, a Southern California bookmaker who took thousands of sports bets from the former interpreter for baseball star Shohei Ohtani. Bowyer has pleaded guilty in federal court in Santa Ana, California, to running an illegal gambling business and is awaiting sentencing.