The gaming layoffs come as part of an eye-watering round of cuts across Microsoft that amount to 4%, or roughly 9,100 of employees, losing their jobs. Microsoft has today made significant layoffs to its gaming division, per a memo sent to staff by Xbox boss Phil Spencer and reviewed by IGN. SharpLink started buying ETH in May as part of its pivot from gambling marketing to digital asset treasury management.

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FanDuel and DraftKings, two of the biggest players in the sports betting market, declined to comment. “This new amendment to the One Big Beautiful Bill Act would end professional gambling in the US and hurt casual gamblers, too,” Phil Galfond, a professional poker player, posted to X, including a video summarizing his argument. “You could pay more in tax than you won. Contact your representative quickly.” BetMGM, a leading sports betting and iGaming operator, and Marriott Bonvoy unveiled a first-of-its-kind rewards collaboration in 2024. Together, they are now launching the ultimate fantasy football draft weekend. Leading online casino game developer Stakelogic recently faced a cyberattack after CEO Stephan van den Oetelaar’s email account was compromised.

Gambling911.com looks at potential value in MLB betting lines and totals based on a number of factors for July 8, 2025. The American Century Championship has solidified its position as a beloved summertime tradition among celebrities, professional bestcasinositesonline bonuses athletes and golf fanatics. “Due to live legal proceedings, we are unfortunately unable to comment any further at this time.” “Taking into account the action we have already taken and that new regulatory requirements are now in place, it was considered that no further action would be taken against the licensee in respect of this matter,” it said. “Despite acknowledging the serious concerns in Luke’s case, it has taken well over a year to make a decision following the inquest and has now maintained that no regulatory action will be taken, for reasons which are entirely inadequate.”

• As to the social media reach of the campaign, some 3.1 million users were exposed to these messages which were mostly driven by the #ESGW24 hashtag.
• Commenting on the campaign’s success, EGBA Secretary-General Maarten Haijer said that the campaign has been a success in its most recent iteration and that the association had learned important lessons.
• I love that there are sites that bother to list all regulated gambling brands in my state.
• “You could pay more in tax than you won. Contact your representative quickly.”
• The massive 900+ page piece of legislation covers a ton of bases, including one that will impact all types of bettors.

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Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry. Even worse, the taxpayer would have to incur large losses (11% more than their wins) to prevent themselves from owing taxes. Using the above example, even if the losing bet was $1,100, the taxpayer would still be liable for taxes on these gambling activities. This liability is because the winning bet of $1,000 and the deduction from the losing bet of $1,100 is only $990.

Bettors with another downside to factor into the equation could be turned off completely. The provision first generated buzz online after the Senate passed the legislation on Tuesday. Gaming911 is your source of information for the latest Online Sports and Gambling News around the word. Furthermore, we pride ourselves in only providing accurate and intelligent gaming news to our readers.

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. The portal’s main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts. Stay tuned in for all the latest gambling and online casino industry news, in-depth interviews and reactions with big global players as well as up-to-date coverage on betting business and technology news. You can even check out our articles too, for the best casino blogs to keep you familiar with the most recent casino news internationally. States will need to prepare for the impact on income tax reporting from gambling activities within their borders.

“Maintaining this deduction at its existing levels was absolutely a priority for the legal, regulated gaming industry,” the gaming industry source said. “So it’s fair to say that with this specific provision, we’re disappointed, and we’ll be monitoring its impact and seeking to work with congressional leaders to fix this before the overall legislation takes effect at the end of this year.” The provision, only a few paragraphs, would limit what gamblers can deduct from their yearly taxes to 90% of their losses starting in 2026.