March Madness in wrapping up. Baseball season is just getting started. That means tax season is here. When it comes to gambling and taxes there are some wide spread misconceptions. According to the American Gaming Association, March Madness is causing a nationwide betting frenzy, with nearly 70 million adults expected to wager up to $15.5 billion this year. However, a survey conducted found that 62% of taxpayers are uncertain about how to report money won from sports bets and gambling. According to that study, conducted by Jackson Hewitt Tax Services, 48% also falsely believe that cash winnings from sports bets…

The state of Nevada and growing Las Vegas gambling revenue has set another monthly record! Gaming revenue for the month of February came to $1.24 billion! This marks a significant increase from the previous year, as Sin City resorts and casinos throughout the state continue to recover from the impact of the COVID-19 pandemic. The latest figures from the state’s Gaming Control Board indicate a 6.7% rise in gaming revenue compared to the same period last year. This is particularly impressive given that February 2022 was a leap year, meaning that there was an extra day of gaming activity in…

This week we’ve got Las Vegas casino news, as Caesars has officially welcomed the Horseshoe Las Vegas to the Strip! The transformation began several months ago, but now the Horseshoe Casino is back in Sin City! And in the name of tradition, Caesars decided to bring the World Series of Poker back home to the casino! Hello all you beautiful people out there! And thank you for watching This Week in Gambling, where the Horseshoe Las Vegas has finally, officially opened its doors… and that is this week’s big story! Yes, we already welcomed the Horseshoes return to Las Vegas…

A historic hotel with a legendary Vegas name! The WSOP at the Horseshoe begins in just over a month, and it will be played at the iconic casino which once again  stands on The Strip. Caesars Entertainment recently celebrated the name change from Bally’s Las Vegas, just in time for the upcoming 54th annual poker championship. The 2,800-room property, which was once the site of the MGM Grand Hotel, has a storied history. The Horseshoe’s renovations and new name pay homage to Binion’s Horseshoe, the downtown hotel and gambling hall where the World Series of Poker first began. The rebranding…

The transformation of Bally’s Casino to the Las Vegas Horseshoe is now complete! Yes, we welcomed the rebranded property to the center of the Las Vegas Strip in our gambling news video back in December. But today is Caesar’s “official” opening, as they welcome poker legend Doyle Brunson, who played at the original Horseshoe, to the ceremony. Even better, Jack Binion, son of Horseshoe brand founder Benny Binion, was there for the festivities as well. Senior Vice President and General Manager of Horseshoe, Jason Gregorec, shared his excitement about bringing the Las Vegas Horseshoe back to center of the Strip,…

The Las Vegas Sands is reportedly leading the charge in a move to expand gambling in Texas by constructing a resort-style casino in the state. While discussions are still in the preliminary stages, the casino company’s interest in expanding its operations to Texas is significant, given that the state has long been viewed as a bastion of conservative values that are traditionally not very receptive to gambling. The move is not entirely surprising, however, as Las Vegas Sands has been exploring options for expanding its operations beyond its traditional base in Las Vegas for some time now. The company has…