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Taxes And Online Gambling | Fruit Machine

December 20, 2018

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A 10x requirement equates to 10 percent cashback, and can be considered advantageous by 5 percent – on average players will wager $1,000 to unlock $100 and only lose $50, for a profit of $50. Maybe the panelists are unnecessarily dumbing it down, but we should be beyond this point by now. Definitely not a good sign for future expansion efforts. Feels like most states can’t be bothered to learn the absolute basics of the industry.
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SCOTUS publicized its decision on the case on May 14, 2018, striking down PASPA and handing NJ a major victory. Prior to the decision, some NJ operators said they would be able to offer legal sports betting within weeks of a verdict in NJ’s favor, so we expect the timeline to launch to be quite short.
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