Gambling

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Gambling

The act of wagering on an event or a game of chance in which the outcome is uncertain. This includes card games such as poker or bets on sporting events. In U.S. tax, all gambling income, regardless of where or how it was obtained, is taxable income and must be reported to the IRS. Professional gamblers may deduct all gambling losses against gambling income, but casual gamblers may only do so up to the amount of their gambling income.
References in periodicals archive ?
According to this view, women are less likely to gamble on card games or racing because the gambling venues where these activities are played have been traditionally identified as `masculine' locations.
* Have you ever sold prized possessions such as a musical instrument, sporting equipment, or clothing in order to have money to gamble?
Obviously, as the Tax Court warned in Procter & Gamble, where the limitation is devoid of any real business and governmental purpose, the limitation should not be honored.
* Needs to gamble with increasing amounts of money in order to achieve the desired excitement;
The finding of a gender difference in the percentage of probable pathological gamblers is consistent with our previous results, but the failure to find a gender difference on the item of ever having gamble in a casino suggests that underage females are just as likely to enter a casino and gamble as under age males.
Fortunately, most of us don't have a problem when we gamble. But we can't ignore that there is a problem, that it's serious, and that it affects thousands in Lane County.
Or states may authorize gambling to prevent negative effects, such as declining revenues when their citizens travel to other states to gamble.
If an individual's religion affects how often he or she gambles, I would expect to see a significant difference in how often the members of predominant religions in Las Vegas gamble compared to nonmembers.
Still Debbie's husband continued to gamble. She filed for divorce, ending 17 years of marriage.
The severity of adolescent gambling problems is associated with gambling regularly and with the amount of money spent (Winters et al., 1993b), and adolescents who gamble regularly or spend large amounts of money may be more likely to do so on a wide range of activities rather than on a few (Browne & Brown, 1994; Fisher, 1993).
New technology has changed peoples behavior dramatically and the way New Zealanders gamble has changed too.
Marc Etches, chief executive of the charity Gamble Aware, believes that the rising use of smartphones has given people easy access to online sports betting, casino games and slots.