Category Archives: Gambling

This final article in the series begins with a discussion of withholding. This leads into a discussion of poker tournaments (in cardrooms and casinos). Lastly, we’ll examine banking regulations and how they impact online gambling. The IRS is mandated with … Continue reading →

In this, the fourth of five parts of my series on taxes and online gambling, I’ll examine state income taxes, withholding requirements, and some legal issues, including the Silver Platter Doctrine. State Income Taxes Americans not only pay federal income … Continue reading →

In this article, part 3 of probably 5 parts, I examine recordkeeping and professional status for online gamblers. Unfortunately, a lot of this material is, frankly, boring. But it’s necessary. Some of the material in this article is based on … Continue reading →

I recently read a blog where a very successful online poker player wrote, There really aren’t IRS regulations on online gambling. It exists in a grey area. As fun160 pointed out “In the financial markets money earned off-shore is not … Continue reading →

I’m a poker player. I’ve been playing competitive poker, including tournaments, for several years, quite successfully. And yes, I claim my winnings on my tax return. I’m also co-author of a poker book. I’ve had a natural fascination with gambling … Continue reading →

The proposal that would have legalized Internet poker sites based in North Dakota was crushed in the North Dakota senate 44-3, as reported by the Grand Forks Herald. As Senator Carolyn Nelson noted, “There are at least three federal laws … Continue reading →

North Dakota HB1509 would license Internet poker within the state, with the hope of tapping a new revenue source. According to North Dakota House Representative Jim Kasper, the bill could bring $500 million to the state. The bill passed the … Continue reading →

One of my practice areas is gambling. It appears that the Mississippi legislature is looking at increasing taxes on casinos, according to this report in the Casino City Times. This will probably be good news for Louisiana’s casinos.