Gambling

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Related to gaming: Gaming computers, Gaming consoles

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Comics theoretician Scott McCloud has asked if gaming can "'rewire' us in some way," and journalist Steven Poole has concluded that games are "rewiring our minds." If so, they just might be pushing us toward individualism, encouraging us to resist both authors and authoritarians.
In a sign of progress for the US gaming market, eValley was led to this deal through its affiance with a third-party content publisher, New York-based Micro Java Network, which offers its services to developers at no cost.
"We believe Bally-themed games will add to the players' overall gaming experience and satisfaction in Native American gaming halls."
"We hold a selectively favorable short-term outlook and positive longer-term view of the gaming industry," says Daniel Zell, an analyst with New York-based Donaldson, Lufkin & Jenrette.
Its technical prowess and imagination won it cult status in the gaming community.
It features an eight-way directional pad (D-pad), left and right analog sticks, left and right shoulder triggers, six pressure-sensitive multicolored analog buttons, dual slots for memory cards and other peripherals, and a built-in "rumble" feature to increase gaming realism.
Jon Kyl (R-Ariz.) claims that online gaming lets you "click the mouse and bet the house." His response - the Internet Gambling Prohibition Act of 1999, whose penalties include fines of up to $20,000 and four years in prison - would send a different message: "Use e-mail and go to jail."
To anyone familiar with the effects gambling has had on other communities that have legalized it, the Indians' venture into gaming may sound less like a shortcut to prosperity than a quick way to finish off tribal life once and for all.
'The gaming tab is part of Facebook's recent design update to provide personalised shortcuts for people to easily access the communities and content they interact with most.
Well, these are some of the hottest games in the world and with the whole scene being on fire right now, we have come up with a list of gaming hubs tucked away in Dubai where you and your friends can play or discover a game or two.
With the upcoming shutdown of the standalone YouTube Gaming service, Google has now set up a dedicated section for gaming on the main YouTube service.
Offshore online gaming is a game of chance on the internet.