Category: Laws

What Type of Online Gambling Is Allowed in the USA

Published / by Denise R. Fitzgerald / Leave a Comment

Online Gambling in USA

Online gambling is a fantastic thing that allows you to enjoy gambling from the comfort of your home — provided that the home isn’t in America. Now, this may sound like a bad joke, but unfortunately, it’s true. I’ve had the opportunity to meet many Americans who rushed to the haven of offshore casinos after the Unlawful Internet Gambling Enforcement Act was passed in 2006. It would be a serious understatement to say they were angry; they were bitterly disappointed and furious about the state of things related to online gambling in their homeland. However, my dear American friends, there are still states that offer legalized online casinos where you can gamble for money. If you want to know what states allow online gambling and what kind of games you can find at their online casinos, keep on reading.

(more…)

How to Report Gambling Winnings and Losses

Published / by Denise R. Fitzgerald / Leave a Comment

Reporting your gambling winnings and losses can sound complex, but it is actually not too hard a process if you are just a casual gambler and not a casino! You can report your legally earned money, including winnings from lotteries, raffles, horse races, and casinos, among others, on your form 1040. These winnings get reported with the rest of your taxable income for the previous tax year. You must be sure to show your wins and losses by keeping good books though. This is very important in order to establish credibility to the IRS! (more…)

What does the bible say about gambling

Published / by Denise R. Fitzgerald / Leave a Comment

What does the bible say about gambling

The Bible does not directly discuss gambling, however, it does mention several issues that surround gambling and make it up. However, given the state of modern gambling, the issues mentioned are not as much a factor as they once were. Gambling then was not institutionalized as it is now, but rather was between several people on a personal level. That measure of greed is not present in modern gambling and so we can only look at what was said in the Bible as a reference for modern gambling, not as a codified set of laws. There are discussions of greed, taking advantage of others, and considering luck as a force that takes the place of some of our reverence for God. Luck would be considered its own force rather than a generalized sense of good or bad outcomes, and so back then people were drawn to replace God’s grace with wanting the favor of Luck as a power in and of itself. (more…)