Do Gambling-Friendly States Have Something Up Their Sleeves? The Unlucky 11

Marris, Donald
May 2007
Journal of State Taxation;May/Jun2007, Vol. 25 Issue 4, p37
Academic Journal
The article looks into the tax treatment of gambling activities for 11 states in the U.S. According to the rule implemented by the federal taxation, gambling losses may offset gambling winning. It requires segregation of gambling wins from losses and inclusion of only wins in adjusted gross income (AGI). Thus, a gambler has a legal obligation to report his or her income from gambling winnings.


Related Articles

  • Gaming the Budget. Perlman, Ellen // Governing;Mar2003, Vol. 16 Issue 6, p32 

    Focuses on the legalization of gambling in the U.S. Economic benefits of gambling to U.S. states; Reason cited why gambling is tapped as a budget source; Reaction of gambling opponents to the planned legalization of gambling; Information on the gambling operations in Oregon.

  • Reporter's Notebook. Stutz, Howard // Las Vegas Business Press (10712186);11/26/2007, Vol. 24 Issue 48, p9 

    The article reports that Frank Fahrenkopf Jr., president of the American Gaming Association, was asked about several efforts to increase the gross gaming tax paid by casinos to individual states during his traditional media briefing on the first day of the "Global Gaming Expo." It says that...

  • Taxing times for orthodoxy. Anderer, Charles // Casino Journal;Aug2009, Vol. 22 Issue 8, p50 

    The article discusses the reasons for high-tax-rate jurisdictions in the U.S. outperforming those with far lower rates. It states that as for Las Vegas, Nevada, low tax rate has contributed to the problem of oversupply and overinvestment. It highlights that one most important factor for the...

  • Making the Right Moves. Martel, Judy // Town & Country;Apr2004, Vol. 158 Issue 5287, p140 

    Discusses the different taxation policies of U.S. states regarding income, estates, property and sales.

  • Utah's tax burden now is ninth highest in the United States. Stephenson, Howard // Enterprise/Salt Lake City;4/7/2003, Vol. 32 Issue 41, p26 

    Compares the state and local tax burden of Utah with other U.S. states. Increase in Utah's state and local tax burden in 2000; Rank of its motor fuel tax; Ways of measuring tax burdens.

  • Time for Illinois to fold its hand, swear off gambling.  // Crain's Chicago Business;3/1/2004, Vol. 27 Issue 9, p10 

    This article focuses on the need of a public policy for gambling in Illinois. Gambling has been very lucrative for the state government, bringing in $617.8 million in taxes last year from nine existing casinos. In this regard, the state of Illinois could be forgiven for handing out a 10th casino...

  • Is the lottery trying to cut its cake too thinly? Higham, Nick // Marketing Week;11/11/2004, Vol. 27 Issue 46, p21 

    The article focuses on issues related to lottery in Great Britain. Ten years after the lottery's launch in Great Britain in 1994, controversy is no longer an inevitable accompaniment to any mention of the lottery in the media. Indeed, coverage of the tenth birthday last week was going rather...

  • Azartinių loÅ¡imų apmokestinimo ypatumai. GREBLIAUSKAS, Artūras // Applied Economics: Systematic Research;2009, Vol. 3 Issue 1, p163 

    The paper deals with singularities of gambling taxation, which impact state taxation income and security of gamblers.

  • Central Withholding Agreements in the US. Baird, Robert // International Musician;Sep2015, Vol. 113 Issue 9, p13 

    The article discusses the central withholding agreements (CWA) for entertainers performing in the U.S. that are required to pay 30% tax from gross income.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics