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Lottery vs Casino: Key Differences, Risks, and Opportunities Compared Rep. Dina Titus and Sen. Catherine Cortez Masto, both Democrats, say reducing the deduction will drive gamblers to offshore sportsbooks and unregulated casinos, which don’t report wins to the federal government and have few consumer protections in place. That means a gambler who wins $100K playing […]

How a secret gambling syndicate won a $95 million Texas lottery by buying every number combination If more than one person shares in the winnings from a single wager, the total amount of the winnings (minus the amount wagered) will determine the amount of the proceeds for purposes of reporting and withholding. In addition, if […]