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  2. Legislators propose 15% to 25% tax rate for new states ... - AOL

    www.aol.com/legislators-propose-15-25-tax...

    New Jersey's 13% tax on online sports betting and 15% tax on online casino games brought in over $414 million in tax revenue last year. It has nearly matched that figure through just the first 10 ...

  3. Gambling in New Jersey - Wikipedia

    en.wikipedia.org/wiki/Gambling_in_New_Jersey

    In June 2017, it was reported that the New Jersey online gambling industry had surpassed $100 million in tax revenue. [54] The combined revenues of all online casinos in New Jersey now actually exceed the revenues of the three NJ brick-and-mortar casinos with the lowest revenue figures. [55]

  4. Wagering excise taxes - Wikipedia

    en.wikipedia.org/wiki/Wagering_excise_taxes

    In addition, the IRS holds an occupational tax of $50 for each principal or agent accepting wagers for legal wagers and an annual occupational tax of $500 for illegal wagering agents. [10] With the growth of modern betting platforms such as daily fantasy sports, the application of excise taxes has expanded to cover these new forms of gambling. [11]

  5. Income tax on gambling - Wikipedia

    en.wikipedia.org/wiki/Income_tax_on_gambling

    The Queen. However, in the case of Luprypa v. The Queen the gambling income was ruled to be taxable. The case involved a skilled pool player that profited approximately $1000 per week playing staked pool games against bar patrons. [8] Poker differs from many other forms of gambling as skilled players may increase their chances of winning ...

  6. Atlantic City's top casino underpaid its online gambling ...

    www.aol.com/news/jersey-says-borgata-atlantic...

    New Jersey gambling regulators say Atlantic City's top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was ...

  7. How much is sports betting taxed? Here’s what you will pay if ...

    www.aol.com/news/much-ll-pay-taxes-win-215754511...

    For some winnings of $5,000 or more, the gambling company withholds 24% of your net winnings for federal taxes, the IRS said. Most people put their gambling winnings on their 1040 as “Other ...

  8. Gaming control board - Wikipedia

    en.wikipedia.org/wiki/Gaming_control_board

    A gaming control board (GCB), also called by various names including gambling control board, casino control board, gambling board, and gaming commission, is a government agency charged with regulating casino and other types of gaming in a defined geographical area, usually a state, and of enforcing gaming law in general.

  9. Gambling thrived in Ocean City during Great Depression, even ...

    www.aol.com/gambling-thrived-ocean-city-during...

    The individual often credited for ultimately ending illegal gambling in Ocean City is Jack Sanford, who was elected as the States Attorney for Worcester County around the 1950s.

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