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Taxation, Technology and Online Sports Betting Revolution in the USA
The world of gambling in the United States is an ever-evolving landscape where millions of American adults seek their fortunes yearly. Beyond the thrill of winning, a complex web of regulations, taxation and technological advancements shapes the gambling experience.
Taxation of Gambling Winnings in the USA
Gambling in the United States is not just about luck; tax implications are involved. The U.S. Internal Revenue Service (IRS) ensures it gets a slice of your gambling success. If you strike it big, the payer will withhold 24% of your winnings before handing them to you. This withholding is mandatory for certain winnings and is reported to the IRS with Form W-G2, which records the transaction.
But here’s a glimmer of hope for gamblers – you can deduct gambling losses from your taxes if you itemize your deductions. However, there’s a catch: you can only deduct losses up to the total amount of your reported winnings and you must provide official documents to support your claims.
It’s worth noting that not all gambling winnings are treated equally. Slot machines and bingo, categorized as games of chance, are subject to the 24% withholding tax. In contrast, table games like blackjack and craps, considered skill-based games, do not have immediate tax withholding. Nevertheless, players are still obligated to report their earnings when filing taxes.
Adding another layer to the taxation puzzle, some states require you to declare your gambling winnings. Most states tax all income generated within their borders, making it essential for winners to adhere to state-specific regulations.
The Rise of Gambling Technology in 2023
The taxation of gambling winnings at the top online casinos in the USA sets the financial backdrop for the evolving gambling landscape. As players navigate the complexities of IRS regulations and state-specific requirements, the rise of gambling technology in 2023 ushers in a new era of immersive and secure gaming experiences.
In recent years, technology has been a game-changer in the gambling industry, transforming how people engage with games of chance. Here are some of the key technological advancements reshaping the gambling landscape:
- Virtual Reality (V.R.) and Augmented Reality (A.R.): These technologies bridge the gap between physical and online gambling experiences. V.R. offers immersive gameplay, enabling players to interact with the casino environment. You can now spin slot wheels, toss chips in blackjack and even see fellow players at the poker table, all from the comfort of your home.
- Live Dealer Casinos: Live dealer casinos elevate the online gambling experience by providing real-time interactions with professional dealers. This innovation adds authenticity and engagement, making players feel at a physical casino, all from the comfort of their homes.
- Facial Recognition and Protection: Facial recognition technology is entering the gambling industry, simplifying identity verification and enhancing security. From logging in to confirming deposits, facial recognition streamlines processes without compromising safety.
- Predictive Data Modeling: Predictive analytics is becoming increasingly sophisticated in gambling. Casinos now use data to understand players’ preferences, tailor experiences and optimize efficiency, resulting in more personalized and efficient services.
- No Wagering Casinos: No-wagering casinos are on the rise, allowing players to experience the latest gambling technology without the risk of losing their initial deposits. These casinos focus on gaining player loyalty rather than just an initial financial transaction.
Online Sports Betting in Kentucky
In the gambling landscape of the USA, a significant development has occurred in Kentucky. As of September 28, 2022, online sportsbooks can legally accept bets in the state, opening up a new frontier for gambling enthusiasts.
Five licensed online sportsbooks have already started accepting registrations in Kentucky, with three more licensees preparing to launch soon. This provides Kentucky residents with eight options for online sports betting. To participate, individuals must register with their chosen sportsbooks, a simple process that involves identity verification. The minimum age for sports betting in Kentucky is 18, although some sportsbooks may set a higher age requirement.
Looking Ahead
The future of gambling in the United States holds exciting possibilities. With technology continuing to shape the industry and more states considering legalizing various forms of gambling, the landscape is evolving rapidly.
Whether you’re a seasoned gambler or just someone intrigued by the industry’s developments, it’s an exciting time to keep an eye on what’s next in American gambling. Stay tuned for further updates on this ever-changing landscape.
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GX users hit the jackpot. Get the new Bruce Lee Pack for HITMAN World of Assassination with an exclusive Opera GX offer
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Opera GX has teamed up with IO Interactive, to celebrate the release of the new HITMAN World of Assassination Elusive Target mission starring kung fu legend and martial arts icon Bruce Lee.
This partnership grants Opera GX users access to an exclusive discount on the new DLC, the Bruce Lee Pack, alongside a fully immersive browser mod that brings the game’s iconic character to their desktop.
The highlight of this collaboration is a limited time offer on the new HITMAN World of Assassination DLC, alongside a limited time franchise sale available for Opera GX users*. To access this deal and other Hitman discounts, players need only install the Opera GX browser, navigate to the start page or GX Corner, and click the banner with a unique link to the IO Interactive shop. This special offer is available exclusively for Opera GX users from September 25th until October 12th.
To make the deal even sweeter, Opera GX created an official HITMAN World of Assassination mod that transforms the browser with Hitman themed visuals and sounds. The mod includes an animated wallpaper, custom icons, a themed splash screen, and a complete UI overhaul.
“We knew we had to team up with IO Interactive. They don’t just build games, they build entire worlds you want to get lost in, and that’s our philosophy for the browser, too,” said Kamil Rzeźnik, Head of Partnerships at Opera GX. “Offering our users an exclusive discount on the new Hitman DLC is our way of giving back to the community. The mod is where it all comes together, it’s designed to keep you fully immersed in the world of Agent 47, whether you’re planning your next move in-game or just browsing.”
BRUCE LEE DLC EXCLUSIVE PROMO
- Hitman “Bruce Lee Pack” DLC: 10% off
BASE GAME:
- Hitman WOA Part 1: 80% off
- Hitman WOA: 60% off
- Hitman WOA Deluxe: 55% off
DLC:
- Hitman 3 – Seven Deadly Sins Collection: 30% off
- Hitman 3 – Deluxe Pack: 30% off
- Hitman 3 Access Pass: Hitman 2 Expansion: 30% off
- Hitman 3 – The Splitter Pack: 30% off
- Hitman 3 – The Drop Pack: 30% off
- Hitman 3 – The Undying Pack: 30% off
- Hitman 3 – Sarajevo Six Campaign Pack: 30% off
- Hitman 3 – Street Art Pack: 30% off
- Hitman 3 – Makeshift Pack 30% off
- Hitman 3 – Trinity Pack: 30% off
- Hitman 3 – The Banker Pack: 30% off
Download Opera GX by visiting opera.com/gx.
The post GX users hit the jackpot. Get the new Bruce Lee Pack for HITMAN World of Assassination with an exclusive Opera GX offer appeared first on European Gaming Industry News.
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Munich Hosts Red Bull League of Its Own, the Ultimate Showcase Featuring T1 and Europe’s Elite
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Red Bull League of Its Own returns for its third edition, bringing global League of Legends icons to Munich’s SAP Garden for an unmissable showmatch on November 29.
- Global giants T1 lead the team lineup, joined by fan-favourites G2 Esports, Karmine Corp, NNO Old and Los Ratones, who will compete against each other in the biggest off-season League of Legends event.
- League of Legends’ biggest streaming stars – Caedrel, Kameto, Noway4u and more – will co-stream the event live in multiple languages on Twitch and YouTube.
- Leading gaming monitor brand AGON by AOC returns as official Monitor Partner and MSI as official Gaming PC and Laptop Partner, delivering high-performance hardware for Red Bull League of Its Own, alongside Razer, supporting players with the ergonomic Iskur V2 gaming chair, and KFC, joining as partners for the first time.
- Tickets are available for purchase via win.gs/loio.
Red Bull League of Its Own, the iconic off-season League of Legends showcase, returns for its third edition with a brand-new destination – Munich, Germany. On November 29, the state-of-the-art SAP Garden will transform into the ultimate stage for the world’s biggest esports talent to face off in a series of unforgettable matchups. Fans can expect a diverse, action packed schedule, from dream clashes with T1 to unique and entertaining battles between Europe’s top teams, creating an unpredictable and entertaining showcase unlike anything in the regular season.
Following the success of the Berlin 2023 and Paris 2024 editions, Red Bull League of Its Own 2025 is set to push the boundaries of competitive entertainment. T1, South Korea’s legendary squad, returns as headliners alongside elite European rosters, G2 Esports, Karmine Corp, and NNO Old. They’ll be joined by the star-studded streamer lineup captained by one of League of Legends’ biggest streamers, Caedrel of Los Ratones.
Red Bull League of Its Own is known for throwing out the rulebook and delivering the matchups everybody wants to see – from high-stakes 5v5 clashes to experimental formats like 1v1s, 2v2s, mixed rosters, and the now-iconic Ultimate Fearless Draft, which bans picked champions for the rest of the games, shrinking the pool and forcing deeper, more creative strategies.
Fans attending in person at SAP Garden can look forward to immersive staging and Bavarian-flavoured experiences that reflect the event’s new home, and a custom-built mid-lane running through the crowd will place fans right in the thick of the action. Set in the heart of the Bavarian capital, the SAP Garden is located within the world-famous Munich Olympic Park – an iconic sporting location for a new era of esports spectacle. With 10,000 fans expected in the arena, Red Bull League of Its Own 2025 is shaping up to be one of the most electrifying esports events of the year. Tickets are available for purchase via win.gs/loio.
Red Bull League of Its Own will be livestreamed globally via Red Bull Gaming’s Twitch and YouTube channels, with official co-streams in multiple languages led by some of the biggest names in streaming – including Caedrel, Kameto, Noway4u, and over 30 more creators – bringing their huge global audiences along for the ride.
Returning as official Monitor Partner for 2025, AGON by AOC, will provide top-notch high performance gaming monitors for the ultimate gaming experience for contestants. Razer debuts as the official Chair Partner of Red Bull League of Its Own, supporting the competition with the Razer Iskur V2, an ergonomic gaming chair designed for comfort, durability, and focus during every match, laying the groundwork for high level play. MSI joins as the official gaming PC and Laptop partner, alongside KFC, joining as partner for the first time.
Watch Red Bull League of Its Own live on November 29 via Red Bull Gaming’s Twitch and YouTube channels.
For tickets and more information, visit: win.gs/loio.
The post Munich Hosts Red Bull League of Its Own, the Ultimate Showcase Featuring T1 and Europe’s Elite appeared first on European Gaming Industry News.
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Affina Partners is proud to announce the launch of Millioner, a premium new iGaming brand built around luxury, thrill, and elite rewards. Millioner is more than a gaming platform — it is a true gateway into a world of prestige and excitement.
Millioner offers a rich portfolio that delivers the best of iGaming, featuring timeless casino games and sports. Players can immerse themselves in roulette wheels that never stop spinning, glamorous live casino tables hosted by professional dealers, and jackpot halls where new prizes drop daily. For those seeking the thrill of competition beyond the casino, Millioner provides a wide range of sports, live betting, and virtual sports, delivering world-class action 24/7.
With more than 100 leading providers, Millioner opens the door to the industry’s most popular categories — from Game Shows and Bonus Buys to the Jackpot Gamehall and Lucky Jackpots. To make the experience even more rewarding, Millioner regularly delivers exclusive promotions, tournaments, and challenges.
These include generous welcome offers, cashback, and weekend specials, ensuring there are always new ways to play and win big.
“Millioner isn’t just another gaming platform — it’s an invitation into a world of wealth, thrill, and prestige,” commented Aleksandra Simeonova, Head of Affiliates at Affina Partners.
“Our goal was to create an experience that goes beyond casual gaming — one that immerses players in an atmosphere of luxury and abundance, where every moment feels like a step into a life of prosperity.”
Affina Partners is a leading name in the global iGaming industry, offering brands that combine innovation, entertainment, and exceptional player experiences. With a growing portfolio of successful platforms, the company continues to redefine the future of online gaming.
Wealth is calling! Experience the life you’ve always dreamt of with Millioner.
The post Millioner by Affina Partners: A New Gateway to Luxurious iGaming appeared first on European Gaming Industry News.
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