Study finds around 16% of adults and 26% of adolescents who play online casino games are estimated to have a gambling problem ...

Want to boost your gambling experience and get more with bonuses? Keep reading to discover how to turn bonus balance into ...

This log should include information such as the date and type of gambling activity, the people you gambled with, and the amount of your winnings and losses.

Sports betting and gambling losses can be deducted on annual tax filings. However, there are rules so that those deductions pass muster with the IRS. According to the IRS, winnings from any ...

A new report is shining light on a problem at the IRS that could impact millions of those who enjoy gambling: a huge gap in tax collections and compliance when it comes to unreported winnings.

The IRS expects you to report your winnings on your federal income tax return. Gambling losses are generally deductible on your federal income tax return, but only to the extent of your winnings ...

State Rep. Erin Pare, a Republican from Holly Springs, told WRAL that she would file a bill in January to allow losses to be deducted from tax liability for gambling winnings. Federal law treats ...

Dec. 11 (UPI) --Experts are saying that losses to online gambling in the United States will surpass the $1 trillion mark in the next few years at the expense of American consumers. U.S. lawmakers ...