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‘Game of Thrones’ bettors win big at offshore betting sites

*Warning: Major spoilers ahead for Games of Thrones Season 8, Episode 6.*
“When you bet the Game of Thrones, you make a profit or you lose.”
And if you’re right, how much profit often depends on when you placed a bet.
A majority of bettors at offshore betting sites correctly picked which character would rule the Seven (or Six, rather) Kingdoms of Westeros at the end of the final episode for HBO’s hit television show Game of Thrones.
What made GoT unique was the fact that any character could die at any moment, creating a sense of tension in each episode that is often not found in television dramas.
Even before Season 8 began, it was pretty much anyone’s game. But the betting market essentially forced the bookmakers to crown a new favorite heading into the GoT’s final season.

As we now know, Bran Stark ended the series as the Ruler of Westeros — though, the Iron Throne is no more — but he’d never been the favorite at any of the offshore betting sites.
Even as late as March 2019, many offshore sportsbooks had Bran’s odds listed somewhere between +1400 and +2000, giving him around a 4-6% chance to win the Games of Thrones.
But in the weeks leading up to the start of Season 8, a popular fan theory began making the rounds on social media. The theory claimed that Bran was actually the Night King and would rule Westeros when it was all over.
Because the theory seemed plausible and was backed up by quite a bit of evidence, bettors flooded the offshore betting markets to put money on Bran, causing him to skyrocket to the top — ahead of Jon Snow, Daenerys Targaryen, Cersei Lannister, Tyrion Lannister, and the Night King — and rightfully claimed his place as the favorite.
Heading into Season 8, Bran’s odds to rule Westeros at the end of Game of Thrones were listed between +100 (or even) to +200, which meant he know had anywhere from a 33% to 50% to be named King.
But after the Night King was killed in Episode 3, and the fan theory had been debunked, Bran was still listed as the favorite. But why?
Well, that’s when another leak surfaced, and this time, it detailed and provided evidence for not only why Bran will rule Westeros, but predicted exactly what would happen to the Clegane brothers and said that Daenerys, aka the Mad Queen, would burn King’s Landing to the ground.
Once both of those came true in Episode 5, bettors slammed their tickets on Bran, causing his betting odds to go from +200 (his worst odds) to a staggering -500 before Episode 6 aired last Sunday.
At -500, Bran now had an implied chance of 83% to rule Westeros, and by the end of the GoT series finale, we now know he had a 100% chance since he did become the ruler of Westeros when all was said and done.
If you bet money at an offshore betting site before the final episode, then you got a modest sum. Before the season began? A 2-to-1 payout.
But if you bet back in March, then congrats because even at +1400, a $100 wager netted you $1400 last Sunday.
So, what’s the lesson here?
The early bird (or Raven, if you will) gets the worm. It’s always good to be “in the know,” especially when betting on a TV show.
And at the end of GoT series, the early bettors got the best payout.
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The Big Beautiful Bill Increases Taxes On Gambling Winnings and Losses

The United States just signed into law President Trump’s “Big, Beautiful Bill,” and gamblers have noted that the new legislation changes the tax rate on revenue earned and lost.
The change comes in the form of deductions, whereas bettors can currently deduct all of their losses, the new code will cap loss deductions at 90% starting in 2026. This allows professional and amateur bettors to incur losses year after year and still be liable for taxes on those losses.
How The Bill Could Affect The Online Gambling Industry
Several gambling aficionados have noted that this small change could significantly affect the industry. Professional poker player Phil Galfond stated on X that you can pay more in tax than what you won.
Galfond also said, “A pro who earns $200k/year might have $3m in winnings and $2.8m in losses, which means earning $200k and being taxed as if they earned $480k. This applies to both recreational and professional gamblers.”
Representative Dina Titus, a Democrat from Las Vegas, stated on Wednesday via Twitter that she is working to amend the change. A gaming industry source told the media that while the effects of the tax change are unclear, it will likely affect professional gamblers more than recreational players.
Do Americans Have To Pay Taxes On Offshore Casino Winnings?
Yes, Americans are required to pay taxes on winnings accumulated from offshore betting sites, just as they would for domestic gambling income. According to the IRS, all gambling winnings are taxable, regardless of where they are earned. This requirement also includes lotteries, raffles, horse races, and casinos, whether in the U.S. or abroad.
In recent years, the U.S. has expanded its online and in-person gambling options following the repeal of the Professional and Amateur Sports Protection Act (PASPA). Currently, 38 states and Washington, D.C., have enacted laws allowing residents and visitors over the legal gambling age to place wagers on sports.
Only 30 U.S. states have authorized online sports betting apps, but additional legislation on the docket could increase that number by the end of the year.
Are Offshore Betting Sites Legal In The USA?
Technically, yes, because there are no federal laws that forbid their use or restrict their access. Some states have taken steps to protect their residents’ income by asking popular offshore sites to cease accepting players; however, no laws have been enacted to restrict their access specifically.
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AU Influencers Warned Against Promoting Gambling Sites

The Australian Communications and Media Authority (ACMA) has warned social media stars against promoting illegal gambling sites online as they could face multi-million-dollar fines in the country.
Recently, influencers have increasingly used Instagram, TikTok, and Facebook to promote unlicensed online casinos and gambling services. In today’s modern world, online sites have become less authoritarian and do not moderate what account holders post unless they blatantly break the terms and conditions.
While offshore gambling from licensed sites is not illegal, numerous other sites that are not licensed will accept AU players.
AU Gambling Laws
According to the Interactive Gambling Act 2001, only licensed operators can provide online sports betting and specific lotteries within Australia. All other types of online gambling, including casino games such as slot machines, blackjack, and in-play sports betting, are prohibited.
ACMA has noted an increase in influencers live-streaming on unlicensed platforms, linking illegal gambling sites, and promoting giveaways related to these services. The ACMA has recently warned that promoting or facilitating illegal gambling could result in penalties up to AU$2.5m (£1.1m).
Licensed Offshore Gambling Sites
Offshore casinos operate legally from their country of origin and have been accepting players from around the world since the early 2000s. Trusted regulatory agencies license legitimate offshore betting sites, which are subject to regular compliance checks.
Based on our observations, online casinos tend to provide more attractive bonus offers and promotions than local casinos in Australia. Although each territory has at least one casino, they are not as readily accessible as online services. Since the law does not deem online gambling illegal from international brands outside the country, many players turn to better resources.
Can I Trust An Offshore Casino?
Offshore casinos are reliable, provided you play at a licensed site. Since they function outside Australian jurisdiction, local gaming authorities do not regulate them, meaning there is no legal recourse available if issues arise. However, many offshore casinos hold licenses from international bodies such as Curacao eGaming or the Panama Gaming Commission, and many have established strong reputations for fairness, prompt payouts, and robust security.
To safeguard your interests when considering an offshore casino:
- Verify a license
- Research independent reviews
- Verify secure banking options
- Be aware of red flags (No SSL, No player protections)
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No Sports Betting Bill For GA; Offshore Gambling Continues

The state of Georgia has long been one of the top markets for offshore betting sites. It is the eighth most populated state in the US and currently has no domestic wagering options.
While prominent Georgians were hoping to pass a new bill allowing domestic sportsbooks, the state legislature has elected to forego voting for yet another legislative session.
House Bill 686 was a legislative act designed to permit retail and mobile sports wagering by extending the Georgia Lottery’s authority. The adjacent House Resolution 450 would have also put the issue before voters; however, both the Bill and the Resolution are dead.
Rep. Chuck Martin of Alpharetta told the media that the legislation came in late, and lawmakers weren’t there yet. He also stated, “We’ll keep working with people and trying to do what’s in the state’s best interest.”
Georgia’s Sportsbook Potential
Georgia has over 11 million residents and is considered a top legislative target for domestic sportsbooks alongside California and Texas. Today, 39 states (+ Washington D.C.) have domestic sports betting options.
With three professional sports teams and several prominent college teams, Georgia could benefit from the additional revenue generated by licensing domestic sportsbooks. Additionally, several polls conducted throughout the state indicate that most residents favor passing domestic sports betting bills.
Online Sports Betting For GA residents
The state of Georgia has been allowing offshore sportsbooks to service their players since the late 1990s, as no laws make them illegal. While it is technically not legal, no laws forbid their access or create punishments for gambling online.
It is estimated that nearly 300,000 online sports betting accounts will remain active among GA residents in 2025. Popular wagering options include the NFL, NCAA, MLS, and NBA, as the state has a professional team in each of those leagues.
Until a domestic sports betting bill is passed in Georgia, Georgians only have the offshore option. While some people are wary of offshore sites, their concerns are often unwarranted, as the sites we vet and recommend adhere to tougher regulations from world-renowned gaming authorities that go above and beyond to ensure player protection.
However, if you choose to gamble online, make sure that you start small and never wager more than you can afford to lose. There is a reason so many of the sites we play and recommend have been around for several decades, and it’s not because they rip people off; it’s because they offer a quality service and fast “real money” payouts.
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