Gamblers Still Have To Pay The Piper

Press Release for Wager Web – The NFL is back, and you know what that means: the sportsbooks are going to be overflowing with matchups on the gridiron. But what a lot of gamblers don’t think of is what it will mean in terms of taxes, and there are a few things you need to know before you start racking up the winnings, either at an online sportsbook or offline. First, you should realize that you have to let the IRS know if you have won any money, as that is taxable. There is a line on your tax report…

NFL betting market shaping up in Las Vegas

From Sporting News The LVH SuperBook released its NFL season win totals and games of the year point spreads on Sunday. The SuperBook, the first Nevada shop to post lines on NFL Week 1 games, followed with numbers on 80 more games on Sunday. Heading into the final full week of May, the LVH joins Cantor Gaming as the only Las Vegas sports books to have NFL point spreads open for betting – and there are some big differences in opinion between the two shops on a few teams, most notably the New England Patriots. — The SuperBook opened the…