This Week in Gambling

Taxes in America are due in a few days! Do you have to report all your gambling winnings? Are there taxes on slot machine winnings? Plus, there is new legislation coming that could change the way you report jackpots to the IRS! The SLOT Act is a new bill that will raise reporting thresholds! Hello friends, sports betting and online gambling have been sweeping across this country for the past several years. And with more people gambling, more people are asking how to report their gambling activity on their taxes, if there are taxes on slot machine winnings, or if…

The World Series of Poker has announced its 2024 Tournament of Champions Schedule, along with details for the exciting conclusion to its 19th WSOP Circuit season. The 19th edition of the WSOP Circuit kicked off at Choctaw Casino Resort in Oklahoma immediately following the conclusion of the 2023 World Series of Poker tournament in Las Vegas. Following more than 25 stops, the WSOP-C now concludes with WSOP Circuit Los Angeles at The Commerce Casino & Hotel in Los Angeles, California from 10-24 May 2024, with $1.75 million in guarantees, headlined by the Tournament of Champions taking place on 22-24 May…

What’s the only bad thing about winning a jackpot? The taxes! But now, the SLOT Act could help lessen some of that pain. Two Congressional Representatives, one from Nevada and the other from Pennsylvania, are pushing legislation to raise the reporting limit for jackpots. Currently, anyone who wins a jackpot at a slot machine or on video poker is required by the IRS to report amounts of $1,200 or more. However, the SLOT Act would raise that limit to match the rate of inflation, which would set the updated threshold at $5,000. Additionally, the legislation has a provision to keep…

Here’s a blast from the past! You can see Hootie & the Blowfish at Fontainebleau soon, as they bringing their this summer! Tickets for their two shows went on sale today, following a pre-sale for Citi card members. Citi is the official card of Hootie & the Blowfish at Fontainebleau. The Summer Camp with Trucks Tour will hit the BleauLive Theater for two nights in August, first on Friday the 23rd and again on Saturday the 24th. Both shows will begin at at 8 p.m. Hootie & the Blowfish are a rock band hailing from Columbia, South Carolina, United States…

We’re checking out the exciting Clash of the Giants online slot from our friends at Spadegaming! Two big, bad monsters reduce the city to rubble as they fight they fight it out in this medium volatility game with 6 cascading reels! Landing 4 or more scatters will trigger the Free Game Feature, where Bonus Multipliers can really add up! Clash of the Giants comes with up to 200,700 paylines and payouts close to 97%! As two legendary beasts stir from their slumber to vie for the title of king, the city transforms into an arena of chaos. Their colossal forms…

Death and taxes may be the only certainties in life. But this time of year you may be wondering more about gambling and taxes. As we approach the deadline to file personal income tax here in America, you may have some serious questions about how (and whether you have to) report your wins at the casino. Luckily, we have some friends who can help answer questions. Recently, the Super Bowl was played. Then we found ourselves in March Madness. Both of these events have a huge amount of sports betting associated with them, according to the American Gaming Association. With…