Maine’s Sports Betting Bill Clears Key Committee Vote

Following a meeting of the Maine Legislature’s Joint Standing Committee on Veterans and Legal Affairs on Friday, yet another state is on the verge of sports betting legalization. Per reporting from WGME-13 News, members of the Committee came together to hash out differences over the regulatory setup which would underpin Maine’s proposed sportsbook industry. The …

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Tennessee Passes America’s First Online-Only Sports Betting Bill

While he declined to join three other Governors (Montana, Indiana, Iowa) who signed legislation earlier this month, Bill Lee of Tennessee did allow the Volunteer State to legalize online sports betting. Senate Bill 16 was sent to Lee’s desk back on April 30th, and after nearly a month of deliberation, the Governor declined to either …

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Iowa Third State to Legalize Sports Betting This Month

Nearly one year to the day after sports betting became legal on the federal level, Iowa became the third state to officially regulate the industry in 2019. In fact, when Governor Kim Reynolds signed Senate File 617 – which legalizes both brick and mortar and online/mobile sports wagering – on May 13th, Iowa was the …

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Indiana Governor Approves Bill to Legalize Sports Betting

Five days after his counterpart in Montana did the same, Governor Eric Holcomb of Indiana signed legislation to regulate the sports betting industry. Holcomb officially made House Bill 1015 – which allows adults in Indiana to wager with both brick and mortar and online/mobile sportsbooks – the law of the land on May 8th. Governor …

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Montana’s Governor Signs Sports Betting Bill into Law

With the stroke of his pen, Montana Governor Steve Bullock made single-game sports betting legal in the Big Sky State on May 3rd 2019. Montana became the first state to authorize and regulate sportsbooks this year, following last May’s landmark ruling by the U.S. Supreme Court which repealed a federal ban on the industry. Under …

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Internet Gambling Report: Sixth Edition

Originally posted in 2003, [Updated as to Dutch Supreme Court decision on February 21 and 22, 2005] Here are a few facts, statistics and observations culled from Internet Gambling Report, Sixth Edition (The River City Group, copyright 2003.) [1] Legality of Online Gambling Websites: “If no specific Internet gambling legislation is adopted, the off-line rules remain applicable to …

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What Does the IRS Consider a Gambling Session?

Under the Internal Revenue Code, [1] U.S. citizens must include on their tax returns and pay tax on all income, including all gambling income, earned worldwide from whatever source.  Unlike the United Kingdom and many other countries, the United States taxes gambling income. U.S. taxpayers, with the exception of some professional gamblers, are not allowed to ‘net’ …

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Australian Interactive Gambling Act 2001

Summary: Australian Interactive Gambling Act 2001 Full text of Report Betfair wins High Court judgment in Australia: Betfair has won a groundbreaking judgment in the Australian High Court in relation to allowing online bets by Western Australian residents.  The Tasmanian-licensed betting exchange won its challenge against Western Australia laws that banned residents from using the Betfair …

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