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 ?
Most are considered to be social or recreational gamblers who gamble occasionally for the purposes of socialization, entertainment, and enjoyment.
A literature review of gender differences concluded females are more likely to gamble to escape, relax and lessen negative mood states (Delfabbro, 1998).
The athlete shows a need to gamble with increasing amounts of risk or money to achieve satisfaction.
Gamble didn't abandon his original academic path, but earned his masters in architecture at Harvard while also getting an MBA.
If you can figure out a way to attract nonresidents to your community to gamble, it can be economic development.
On July 19, Gamble and another man attempted to sell Burnett's coin collection at Heritage Galleries & Auctioneer in Dallas.
Previous research in New Zealand and other countries has found that compared to non-problem gamblers, problem gamblers play for money more frequently, on more activities and with greater amounts of money; they also perceive that their parents were more likely to gamble excessively (Abbott, 2001; Abbott & Volberg, 1996; Bergh & Kuhlhorn, 1994; Brown, 1996; Browne & Brown, 1994; Buchta, 1995; Carroll & Huxley, 1994; Clarke & Rossen, 2000; Coventry & Brown, 1993; Dube et al.
Since 1963 the songwriting and producing team of Gamble and Huff has earned 175 gold and platinum records and created what was known as "The Sound of Philadelphia," a style of music that dominated the pop and R&B charts for two decades.
The gambling industry is an enthusiastic proponent of the theory that Australians love to gamble and that this country's gambling laws simply reflect a unique Australian gambling instinct.
Officials must realize that legal gambling will attract an unsavory element that can jeopardize the safety and well-being of the city's s residents and the many visitors who come 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.
In 1837 in Cincinnati, Ohio, candle-maker William Procter and soap-maker James Gamble discovered that candies provided the technology base for making soap.