Monthly Archives: July 2022

The Internal Revenue Service (IRS) has historically required that gambling winnings and gambling losses be separately accounted for. The reason for this has to do with the way gambling losses are deducted for tax purposes. Gambling losses are treated as … Continue reading →

An estimated 20 million people worldwide gamble online at internet casinos. In 2007, Americans (who were technically not allowed to use online gambling venues) spent $34 billion on gambling in bricks and mortar casinos, and that number does not include … Continue reading →

In medical terms gambling addiction is termed as ludomania. This implies a person needs to gamble despite knowing the harmful consequences. Gambling addiction is a behavior which can affect most of the major aspects of life, for example it can … Continue reading →