There’s no single, federal gambling tax rate. Rather, the rate you pay will depend on many factors, including state laws and your specific gambling habits. Below are some examples. Depending on the state you live in, your gambling tax rate can range anywhere from 2 percent to 5.75 percent. InContinue Reading

Gambling is basically the same as playing with cards or with dice, except that instead of dealing with cards someone gets to do it with numbers. Gambling on an uncertain outcome without the intention of winning anything is obviously considered gambling. Gambling as such requires three factors exist: risk, consideration,Continue Reading

Gambling is the act of risking something with the intention of winning something with that uncertainty of an outcome. In most cases, gambling involves betting or wagering on something, whether it is a lottery or a soccer match. Gambling therefore requires three elements for it to exist: risk, consideration, andContinue Reading

Gambling as a game of chance has been around since the times of the ancient Greek and Roman civilizations. Gambling as a sport involves gambling as well as the willingness to risk something. Gambling therefore requires three factors for it to be considered a game of chance: probability, chance, andContinue Reading

Gambling is often regarded as the “sport” of modern times, but it has been there since time immemorial. In all recorded history, gambling has occurred among many civilizations. It became a well- accepted, socially acceptable activity in the European and American civilizations only after the coming of state power. GamblingContinue Reading

Bingo games have been growing more and more in popularity, no longer being seen as a game just for old people. This growth in popularity has no doubt been helped by its migration from pen and paper, to online gambling software. With Bingo’s continuous growth one can’t help but ask,Continue Reading