Nebraska Governor Pete Ricketts has expressed concern over the impending state ballot question regarding the legalization of casino gambling. In an article posted by the Omaha World Herald, Governor Ricketts outlines his reasons behind his decision to oppose the expansion of casino gambling in the state. The Human Cost The governor details his reasons for…
Month: October 2020
Amid the Pandemic, Sports Betting States Are Setting New Records
New Jersey has beaten its own sports betting revenue record. In September of this year, the state took in over $748 million in wagers on sports including the NFL. The New Jersey Division of Gaming Enforcement confirmed that the new record vastly surpasses the previous record set by New Jersey in August of $668 million…
To Raise or Not To Raise… the Limit on Slot Jackpot Reporting Threshold
In 1977 the Internal Revenue Service established a reporting threshold for slot jackpot winnings. Set at $1,200, that threshold has not been reviewed since. Industry leaders and government officials have made several requests to the Treasury and IRS to review the reporting threshold but, so far, no action has been seen. The Current Reporting Threshold…