You cant deduct gambling losses from state taxes
MADISON A River Hills man cant deduct his gambling losses from his Wisconsin taxes, a state appeals court ruled today.
Related Gambling News:
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- Court: Gambling losses can’t be deducted from state taxes
- Gambling deduction would cost $7 million per year
- New laws have not reduced gambling losses
- Big bucks flowing into fight over casino losses
- Rooney tells of his gambling losses
- Former Compulsive Gambler Wants Pa. to Monitor Casino Losses
- Gambling loses are deductible up to the amount of gambling winnings
- Woman robs store to cover gambling losses
- Slots challenger lawsuits: Betting against the house?
- Betting Tips on #2 CFB Team Notre Dame
- New Zealand Gambling Losses Narrowed in 2006 on Tighter Rules
Interesting gambling facts:
- In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).
- The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
- The second oldest casino hotel resort on the Las Vegas Strip was the Last Frontier and it opened in October of 1942. It had 105 guestrooms and the property was made to look like an old western town. The first casino hotel resort opened just 18 months earlier and was called El Rancho.
- At land-based casinos, both the player and the boxman need to be on the lookout for crooked dice in the game of craps. Each number when added together with the number on the side opposite it, will add up to 7. For example, 6 is opposite to 1. When the dice are crooked, they do not add up to 7.
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