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This is the unofficial subreddit of Bovada.lv -- a US gaming and poker website. Feel free to discuss anything related to the site like casino, poker, or sports bets. Topics such as big wins and support issues are encouraged. Read the rules before posting or you will be banned.
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We created a detailed comparison of loyalty/reward clubs available at US online casinos in legal states, including land-based integration and online only
We took a real deep-dive into all the different loyalty clubs you can sign up for. Just scroll down past the comparison list to can find out what each casino offers at each level/tier, how you earn rewards and points to level up, where you can play to earn points/rewards (online and land-based locations), and any other information that might be relevant. At the end we have a comparison table where you can see all the most important data at a glance. It's ~7000 words long, and a lot of hard work went into it. Hopefully it will be of interest to some people here. Check it out here: https://casinocabbie.com/us-casino-loyalty-clubs/. FYI: we use affiliate links, but not for all casinos, and we are not biased.
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Colorado online sportsbooks will report 1099s to IRS of your winnings >$600 and you can't deduct losses from AGI. Wondering if in-person bets will require an 'account' for the casinos to track us and report to IRS? If not, in person betting is better than mobile it seems.
Update: To anyone reaching this post late, I have good news. I misinterpreted what I was reading from fanduel and draft kings. The 1099 reporting of $600 or more only relates to daily fantasy sports. Now that they have legitimate sports books, sports book winnings are NOT reported to the IRS unless you win a bet at 300-1 or more odds, and in that case a W2-G would be given to you and the IRS. And if that 300-1 or more win is $5k+, the sports book is also be required to withhold 24% on you're behalf and remit that portion to the IRS upfront. Pro-tip: Don't be betting 300-1 or more long shots anyways. All of this being said, even wins that aren't required to be reported to the IRS from the sports book via a W2-G, you are supposed to nevertheless claim the wins as income anyways which probably no one is doing. Talk to your accountant or tax advisor. Just be careful and personally, I still like in-person bets if you can make it to the casino sports book in Cripple Creek/Black Hawk/Central City because then you're dealing with cash rather than documented bank transfers to and from sports books.
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Are casinos and slot machines in the decentraland virtual world regulated ? I am curious about this because it can pose problems later done the road if it is not the case. The creators should talk about this. Many US casinos are regulated and even some online ones too. The SEC and CFTC
Could you get online Casino licensing in another country, route the internet traffic through the country and thus have a legal casino for US based customers?
Hypothetically I want to start an online casino, so I go to a really poor country with relaxed laws and get the cheapest casino operator license money can buy to start my "overseas casino". The internet server is located in the country licensed and all internet traffic routes through the cyber casino. The currency used is the native currency of that country and the bank is of that country as well. Could I then legally advertise the existence of this licensed/ foreign casino, state disclaimers that it's a foreign casino then run my overseas casino without the Feds busting down my door and sending me to prison?
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For those looking into FUN, remember the entire online casino industry is worth just $47bn and online gambling is primarily illegal in the US.
This isn’t FUD, it’s just a wake up call. Being a former online casino consultant this project stood out to me. It’s highly HIGHLY doubtful FUN, a game distributor, will take in 25% of all online casino earnings so be weary of the market cap. This project shouldn’t reach a market cap close to the top 10 given the industry they are in is not big enough. It’s important for us to pinch ourselves and realize we are investing in companies and need to properly value THEM not just crypto. source
Should I be worried about Making big withdrawls from online casinos in the US
I live in Connecticut and I won $5,000 playing roulette on MYBOOKIE.com and I want to withdraw it all. The laws in CT are unclear about online gambling and I'm wondering if I should worry about facing legal trouble if I go through with this and more withdrawls in the future.
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