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Category Archives: Sports Betting

Will Creighton cover the spread vs. Georgetown? Betting Trends, Record ATS – WYMT

Posted: February 13, 2024 at 3:44 am

The Georgetown Hoyas (8-15, 1-11 Big East) are heavy underdogs (+17.5) as they try to break a six-game road slide when they take on the No. 17 Creighton Bluejays (17-7, 8-5 Big East) on Tuesday, February 13, 2024 at CHI Health Center Omaha. The contest airs at 8:30 PM ET on Fox Sports 1. The matchup's point total is set at 150.5.

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Will Creighton cover the spread vs. Georgetown? Betting Trends, Record ATS - WYMT

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Did You Bet on the Super Bowl? Don’t Forget About Taxes – Kiplinger’s Personal Finance

Posted: at 3:44 am

The Kansas City Chiefs, for the second consecutive time, have won the Super Bowl. The Chiefs defeated the San Francisco 49ers 25-22, in overtime. As usual, fans are talking about the commercials, Usher's halftime show, and Taylor Swift.

However, if you are among the 68 million people who were expected to bet on the big game, you need to know that taxes are part of the equation. So, since tax season, has started, heres what you need to know about what your Super Bowl bet has to do with your tax return.

The American Gaming Association reported that nearly 70 million people would bet on Super Bowl LVIII, waging over $23 billion. According to the AGA, that would be up from$16 billion spent during last years game.

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As the Super Bowl comes to Las Vegas for the first time, this years record interest in wagering marks a full circle moment for the U.S. gaming industry, AGA President and CEO Bill Miller said in a release about this years event.

Legal sports betting, including online betting, has expanded across the United States in the last few years. Thats mainly because of a 2018 U.S. Supreme Court decision that allowed states to decide whether to legalize sports betting.

Now, the District of Columbia and most states allow some form of online sports betting, while another nine states only allow retail sports betting. Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah.

If you are one of the millions who placed a bet this year, you need to know that the IRS considers sports betting to be gambling. And income from gambling winnings is taxable.

It doesnt matter if those winnings come from sports betting online, from the casino, or as a result of a big Powerball lottery jackpot win. The IRS expects you to report your winnings on your federal income tax return.

Gambling losses are generally deductible on your federal income tax return, but only to the extent of your winnings and if you itemize deductions. If you take the standard deduction, which most taxpayers do, you cant deduct your gambling losses.

In any case, keep good records. If you itemize, you should be able to show the IRS the amounts of your gambling winnings, your losses, dates, places, and payers associated with that gambling.

Remember that, like the federal government, most states tax income (including gambling winnings), although some states don't allow deductions for gambling losses. If you're unsure how to report gambling winnings and losses from the state you reside in, or from a different state, check with a tax professional when it's time to file your taxes.

By the way, youll report your winnings (or claim your losses) from Super Bow 2024 on the returns you file in early 2025.

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Did You Bet on the Super Bowl? Don't Forget About Taxes - Kiplinger's Personal Finance

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Super Bowl sports betting expected to exceed a whopping $23 billion but there’s a catch – TheStreet

Posted: at 3:44 am

Super Bowl sports betting expected to exceed a whopping $23 billion but there's a catch  TheStreet

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Super Bowl sports betting expected to exceed a whopping $23 billion but there's a catch - TheStreet

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Will Buffalo cover the spread vs. Northern Illinois? Betting Trends, Record ATS – WWNY

Posted: at 3:44 am

The Northern Illinois Huskies (8-15, 2-8 MAC) host the Buffalo Bulls (3-20, 1-9 MAC) in a matchup of MAC teams at NIU Convocation Center, tipping off at 8:00 PM ET on Tuesday, February 13, 2024. The Bulls are 7.5-point underdogs in the game. The over/under in the matchup is set at 149.5.

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Will Buffalo cover the spread vs. Northern Illinois? Betting Trends, Record ATS - WWNY

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Opinion | The ultimate Vegas wedding: The Super Bowl and sports betting – The Washington Post

Posted: at 3:44 am

Amid a tsunami of hyperbole occasioned by a 1970s Super Bowl, Duane Thomas, a talented NFL running back, and no slouch as a philosopher, asked: If its the ultimate game, why are they playing it again next year? This Super Bowl Sunday 60 minutes of football slathered with patriotic treacle and surrounded by examples of this commercial republics distinctive craft (commercials) will be the ultimate (until next year) eruption of sports betting. Sundays game will be played, appropriately, in Las Vegas.

At the beginning of the 2023 NFL season, a study for the American Gaming Association predicted that almost 50 million adults would bet on NFL games online, at a casino sportsbook, or with a bookie. Fifty million are expected to bet one of those ways on Sundays game, 38 million of them online.

Television advertisements for online betting services (FanDuel, DraftKings, etc.) seem as ubiquitous as cigarette commercials were until they were banned to protect people from themselves from an addictive and harmful habit. One should avoid language that medicalizes too much of life, but gambling unquestionably can be addictive. The thrill of risk, and of winning, can trigger dopamine and endorphin surges. And today cravings for more can be satisfied by using devices in most pockets and purses: Smartphones enable dumb decisions.

Time was, some people took the risk of gambling because, well, why not? Simply living involved multiple omnipresent risks poverty, disease, wolves, brigands. Perhaps today many people gamble (or ride roller coasters) because everyday life lacks the intense experience of risk. Such gambling is not a degenerate quest for wealth without labor; it is a lust for limited risk without serious danger.

But a real danger exists. Ben Krauss, writing for the Slow Boring blog, cautions that for some people gambling is so highly addictive that psychological and physiological processes displace actual decision-making. This is especially so when bets are made during in-game excitements a form of intense fan engagement from which teams profit. The $2 billion spent advertising online gambling is, Krauss says, working: Since 2018, $220 billion approximately the annual gross domestic product of Nevada has been wagered in legal sports books, with the annual total increasing by an average of 22% year over year.

Krauss notes that some states have tried good luck with this banning sports gambling advertisements reaching people under 21. Or banning celebrity endorsements of such gambling. The Supreme Court, upholding Puerto Ricos ban on casino advertising, held that reducing gambling is a legitimate government interest.

But gambling is not dangerous the way smoking is: Cigarettes, the focus of a concerted public health campaign for six decades, are harmful when used as intended. For most who bet, their pastime is harmless, and we should not constrain a large majority to protect a relatively small minority from what is called a disorder of impulse control.

In 2017, Commissioner Roger Goodell said: We are not changing our position as it relates to legalized sports gambling. In 2018, the Supreme Court struck down a federal law that prevented states from permitting sports gambling. Why not, when 45 states and the District of Columbia run lotteries? Today, there is a sportsbook in the Washington Commanders FedEx Field.

Gambling was long considered a sin. Massachusetts Puritans passed a law against it in 1638, and in 1935, Grand Rapids, Mich., jailed a woman who organized bingo games to support a Catholic charity. Today, promoting gambling is a social policy. Actually, it always has been. The Jamestown settlement, the Continental Army, Dartmouth, Harvard, Princeton and many other institutions and public works were financed at least in part by lotteries.

Today, gambling is mainstream in a nation with about 1,000 casinos, a $9 billion online betting market and sports media chattering earnestly about point spreads. Disney-owned ESPN et tu, Mickey Mouse? has an online betting brand, ESPN Bet.

Speaking of impulse control disorder, Super Bowl Sunday is the second-most high-calorie day (after Thanksgiving) in a nation whose obesity epidemic is producing many men and women shaped like NFL interior linemen. The ultimate game is the national campfire around which gorging Americans gather annually. When this years fire is extinguished by a merciful final tick of the game clock, the winner will be: America. It will have a year to recuperate from a day of wretched excess, and only two days to wait until it hears the loveliest four words in the English language: Pitchers and catchers report.

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Opinion | The ultimate Vegas wedding: The Super Bowl and sports betting - The Washington Post

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Will Dayton cover the spread vs. Duquesne? Betting Trends, Record ATS – FOX19

Posted: at 3:44 am

The No. 16 Dayton Flyers (19-4, 9-2 A-10) are heavily favored (by 10.5 points) to continue a 13-game home winning streak when they host the Duquesne Dukes (14-9, 4-6 A-10) on Tuesday, February 13, 2024 at 7:00 PM ET. The matchup has an over/under of 136.5.

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Will Dayton cover the spread vs. Duquesne? Betting Trends, Record ATS - FOX19

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Are the Thunder favored vs. the Magic on February 13? Game odds, spread, over/under – KOLN

Posted: at 3:44 am

The Oklahoma City Thunder (36-17), on Tuesday, February 13, 2024 at 7:30 PM ET, hope to break a three-game road losing skid at the Orlando Magic (29-24).

In this article, you can take a look at odds and spreads for the Thunder vs. Magic matchup across multiple sportsbooks.

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Are the Thunder favored vs. the Magic on February 13? Game odds, spread, over/under - KOLN

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Will Ohio State cover the spread vs. Wisconsin? Betting Trends, Record ATS – FOX19

Posted: at 3:44 am

The No. 20 Wisconsin Badgers (16-8, 8-5 Big Ten) will try to break a four-game winning streak when they host the Ohio State Buckeyes (14-10, 4-9 Big Ten) on Tuesday, February 13, 2024 at Kohl Center as 9.5-point favorites. The game airs at 9:00 PM ET on Peacock. The matchup has a point total of 139.5.

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Rep your team with officially licensed college basketball gear! Head to Fanatics to find jerseys, shirts, and much more.

Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER.

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Will Ohio State cover the spread vs. Wisconsin? Betting Trends, Record ATS - FOX19

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Sports betting and Swifties converge on the Super Bowl – Axios

Posted: at 3:44 am

Sports betting and Swifties converge on the Super Bowl  Axios

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Sports betting and Swifties converge on the Super Bowl - Axios

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The Lawyer Who Took on Big Tobacco Is Now Fighting an Online Sports Betting Giant – VICE

Posted: December 12, 2023 at 12:44 am

Northeastern Professor Richard Daynard, the the president of the Public Health Advocacy Institute, is focusing his attention on online sports gambling. (Photo by Sean Proctor for The Boston Globe via Getty Images)

Do you have information about the online gambling industry? We want to hear from you. From a non-work device, contact our reporter at maxwell.strachan@vice.com or via Signal at 310-614-3752 for extra security.

The situation was compounded by the pandemic, as Americans still stuck at home during the pandemic searched for something to do at home, and the online industry took off. The number of people who bet on March Madness tripled between 2021 and 2019, and other sports saw similarly significant boosts, according to the American Gaming Association, or AGA.

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The Lawyer Who Took on Big Tobacco Is Now Fighting an Online Sports Betting Giant - VICE

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