Tag: gambling
Winning ticket for Powerball $2.04 billion jackpot sold in California
Anadolu Agency | Anadolu Agency | Getty ImagesCalifornia does not tax lottery winningsWhile the IRS will scrape 24% — or $239.4 million — off the top [...]
Mattress Mack’s record $75 million Astros payout will cost Caesars, Penn big this quarter
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 Hou [...]
Powerball jackpot at $1.9 billion — for annuity. Lump sum is overrated
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 cu [...]
Fox loses legal battle to buy FanDuel stake from Flutter at lower valuation
The FanDuel Inc. app.Andrew Harrer | Bloomberg | Getty ImagesFox lost a legal battle to buy an 18.6% stake in sports betting company FanDuel Group fro [...]
DraftKings shares tumble after monthly users fall short of estimates
Omar Marques | LightRocket | Getty ImagesShares of DraftKings closed down 28% on Friday after the sports betting company reported slower monthly custo [...]
Powerball jackpot hits $1 billion. If you win, here’s the tax bill
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 ge [...]
Mattress Mack World Series bets could net him $75 million
Mattress Mack is at it again.Jim McIngvale, the Texas furniture salesman who famously hedges sports bets with furniture promotions, said he has placed [...]
Caesars, developer SL Green join forces
Video slot machines at Caesars Palace in Las Vegas, Nevada.George Rose | Getty ImagesDeveloper SL Green Realty is working with casino operator Caesars [...]
Build on Blockchain, Stay Away From Crypto Gambling, Turkey’s Erdoğan Says
Appearing before students at Istanbul University during the Blockchain Istanbul Programme organized by his Justice and Development Party (AKP), Erdoğa [...]
Turkish Authorities Seize Crypto Worth $40M in Illegal Gambling Sting
"This operation came out of Turkish Cyprus and is linked to the murder of Halil Falyalı," said Turkey's Interior Minister, Süleyman Soylu, as reported [...]
Fanatics hires finance chief for sports-betting division before launch
Andrea Ellis has been appointed CFO of Fanatics Betting & Gaming.Source: FanaticsFanatics is getting one step closer to launching its highly antic [...]
Mega Millions jackpot is $410 million. 3 key things to do if you win
Will Lester | Medianews Group | Getty ImagesThere's a chance that a Mega Millions player is going to wake up Saturday morning with a $410 million wind [...]
Hard Rock to spend $100 million to raise employees’ wages
Cheers and tears — that's how thousands of Hard Rock workers reacted when they learned their paychecks are about to get a lot bigger.As inflation surg [...]
Australia’s Northern Territory mulls landmark crypto gambling regulation
Australia’s Northern Territory Racing Commission (NTRC) is consulting with its gambling licensees over a tentative proposal to incorporate crypto wage [...]
4 key considerations if you hit $1.28 billion Mega Millions jackpot
1. BreatheInstead of impulsively rushing to lottery headquarters to claim your prize, take a deep breath. You have some time to claim your prize — any [...]