[ad_1] Macao’s government relies on casinos for over 80% of its income, with most of the population employed directly or indirectly by the casino industry. Dragon For Real | Moment | Getty Images With mandatory quarantines lifted, ferry and airline service resuming, and licenses renewed, casinos hope 2023 marks a …
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[ad_1] Omar Marques | LightRocket | Getty Images DraftKings said Monday there is no evidence the online betting platform’s systems were breached following a report that some users were hacked. An unknown number of users discovered unusual activity associated with their DraftKings account that led to withdrawals from their bank …
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[ad_1] Anadolu Agency | Anadolu Agency | Getty Images California does not tax lottery winnings While the IRS will scrape 24% — or $239.4 million — off the top for federal tax withholding, California does not tax lottery winnings, according to the state’s lottery winner’s handbook. So if the winning …
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[ad_1] It’s hard to imagine what it would be like to win Powerball’s $1.9 billion prize. But the reality almost always falls far short of the fantasy. “The curse of the lottery losers is very real,” said Andrew Stoltmann, a Chicago-based lawyer who has represented several recent lottery winners. One …
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[ad_1] Jim “Mattress Mack” McIngvale, of Houston, holds some of the tickets in Atlantic City N.J., Tuesday, Nov. 1, 2022, showing bets he has made on the Houston Astros to win the baseball World Series. Wayne Parry | AP Mattress Mack’s record-breaking $75 million payout on a wager that the …
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[ad_1] The FanDuel Inc. app. Andrew Harrer | Bloomberg | Getty Images Fox lost a legal battle to buy an 18.6% stake in sports betting company FanDuel Group from its parent company Flutter at a reduced valuation, according to a ruling Friday from a New York arbitrator. Should Fox exercise …
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[ad_1] Omar Marques | LightRocket | Getty Images Shares of DraftKings closed down 28% on Friday after the sports betting company reported slower monthly customer growth in the third quarter that fell short of estimates. The company raised its revenue guidance for the year, however, after revenue for the quarter …
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[ad_1] Omar Marques | LightRocket | Getty Images Shares of DraftKings were down 26% Friday after the sport betting company reported slower monthly customer growth in the third quarter that fell short of estimates. The company raised its revenue guidance for the year, however, after revenue for the quarter came in …
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[ad_1] Jonathan Alcorn | Reuters If you manage to beat the odds stacked against hitting the Powerball jackpot, don’t forget you’ll have a silent partner in the win: the taxman. The jackpot for Saturday night’s drawing is now the largest lottery ever at an estimated $1.6 billion — pretax — …
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[ad_1] The jackpot for Powerball’s Monday night drawing is a whopping $1 billion. Sort of, anyway. The advertised number represents the pre-tax amount you’d get if you were to receive your windfall as an annuity spread over three decades. Yet most jackpot winners choose the upfront one-time cash payment — …
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