Connect with us

headlines

The Big Beautiful Bill Increases Taxes On Gambling Winnings and Losses

Published

on

Beautiful bill

Offshore USA FlagThe 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.

Continue Reading

headlines

NBA Changes All-Star Format To Include International Team

Published

on

NBA Allstar Game 2026

The NBA has unveiled a significant shake-up for the 2026 All-Star Game, introducing a U.S. vs. World format with a round-robin tournament.

The event will take place on February 15, 2026, at Intuit Dome in Inglewood, California, marking the first time the showcase will feature this international competition style.


2026 NBA All-Star Game Adopts U.S. vs. World Format

The NBA and NBPA confirmed that the 2026 All-Star Game will break from tradition, replacing the East vs. West setup with two U.S. squads and one international team. Each roster will include at least eight players, competing in a four-game round-robin tournament with 12-minute matchups.

Game Structure:
Game 1: U.S. Team A vs. U.S. Team B
Game 2: Winner of Game 1 vs. World Team
Game 3: Loser of Game 1 vs. World Team
Game 4: Championship between the top two teams

If all three teams finish with a 1–1 record, point differential will decide who advances to the final.

All-Star Selection Process

The 24 All-Stars will still be chosen through the familiar voting system:

  • Starters: Fans (50%), players (25%), and media (25%)
  • Reserves: Selected by NBA head coaches

Unlike past years, positions will not factor into selections, allowing for more flexibility in roster construction. If voting doesn’t yield the required 16 U.S. players and eight international players, Commissioner Adam Silver will appoint additional All-Stars to balance the teams.

Betting On The 2026 NBA All-Star Game

Online sports betting sites have not released odds for the upcoming NBA All-Star Weekend, as the competition is still months away. So, for now, bettors are turning their attention to the futures market, which remains active with lines available for the NBA In-Season Tournament winner, conference champions, and divisional winners.

Offshore sportsbooks, meanwhile, are known for offering a broader range of betting options compared to their regulated domestic counterparts. These platforms often emphasize game lines, player props, and specialty markets, giving bettors more variety and flexibility.

Continue Reading

headlines

MLB World Series Betting Lines & Futures For Game 5

Published

on

Blue Jays - World Series

MLB logoThe Major League Baseball World Series is currently tied at two games apiece, with Game 5 set to take place tonight in Los Angeles.

As the series reaches a critical juncture, both teams face a pivotal opportunity to gain momentum. Adding to the anticipation, offshore sportsbooks have released updated betting markets, including game lines, futures, and prop bets for the remaining matchups.
In the sections below, we’ll recap the key moments from Game 4 and explore how bettors can engage with the upcoming games.

World Series Game 4 Recap

The Toronto Blue Jays rebounded from a grueling 18-inning World Series loss with a decisive 6–2 win over the Los Angeles Dodgers in Game 4, tying the series 2-2.

In game 4, Vladimir Guerrero Jr. hit a record-setting two-run homer off Shohei Ohtani, while Shane Bieber delivered a strong start, allowing just one run over 5⅓ innings. Ernie Clement extended his postseason hitting streak to 10 games, and the team showed remarkable resilience and energy despite the previous night’s marathon.

The series now heads to game 5 in Los Angeles, where the winner will be just one game away from glory.

Betting On Game Five Of The World Series

Game lines for game 5 of the series favor the Dodgers as the game will be played on their home turf. Below are the current game line odds from Bovada’s online sportsbook.

Toronto Blue Jays vs. Los Angeles Dodgers

  • Spread: TOR +1.5 (-115), LA -1.5 (-105)
  • Money Line: TOR +168, LA -206
  • Totals: O8.0 (-115), U8.0 (-105)

Game 6 will take place in Toronto on October 31st.

More Betting Lines For The World Series

In addition to the game line, you can also find specials that include the World Series MVP. Currently, Shohei Ohtani leads the MVP odds and has the stats to back it up. In the 2025 World Series, Ohtani reached base nine times with two home runs in Game 3, where he also had two doubles and drove in three runs.

World Series MVP 2025

  • Shohei Ohtani (LAD) -175
  • Vladimir Guerrero Jr. (TOR) +300
  • Alejandro Kirk (TOR) +775
  • Yoshinobu Yamamoto (LAD) +1800
  • Addison Barger (TOR) +3500
  • Ernie Clement (TOR) +7000
  • Freddie Freeman (LAD) +7000
  • Bo Bichette (TOR) +7200
Continue Reading

headlines

Illinois Gov. Pritzker Wins $1.4 Million Playing Blackjack

Published

on

Illinois Governor JB Pritzker

Illinois outlineIllinois Governor JB Pritzker, a billionaire and prominent Democratic figure, revealed a substantial gambling gain of $1.4 million from a blackjack session in Las Vegas, as noted in his 2024 federal tax filings. The earnings stemmed from a vacation he took with his wife, MK Pritzker, and close friends.

Speaking to reporters in Chicago, Pritzker described the experience as a stroke of fortune. “Luck was definitely on my side,” he remarked, acknowledging the unpredictable nature of casino games. He emphasized that most gamblers tend to overplay and lose their winnings, but he managed to walk away before that happened.

Who Is JB Pritzker?

Pritzker, whose wealth is rooted in the Hyatt hotel empire, ranks among the wealthiest Americans with an estimated net worth of $3.9 billion. His campaign stated that he intends to donate the gambling proceeds to charity, though specifics on the donation timeline were not provided.

The governor, currently serving his second term and eyeing a third in 2026, has been floated as a potential contender for national office in 2028. He has previously been considered for a vice-presidential role alongside Kamala Harris. Despite deflecting questions about future ambitions, Pritzker has actively supported Democratic causes, including reproductive rights initiatives.

Pritzker’s Net Income For 2024

In 2024, the Pritzkers reported a total income of $10.66 million, primarily from capital gains and dividends, and paid $1.6 million in federal taxes on $5.87 million of taxable income.

A passionate card enthusiast, Pritzker also organizes the Chicago Poker Challenge, a charitable event that has raised millions for the Holocaust Museum and Education Center. He clarified that the $1.4 million figure represented net winnings from a single trip, factoring in both gains and losses. However, he chose not to disclose the specific hand that secured the jackpot.

Do Online Blackjack Sites Offer Big Payouts?

Yes, online blackjack sites can offer substantial payouts, especially when you play on reputable platforms with favorable rules and high return-to-player (RTP) percentages.
Standard blackjack payout is 3:2, meaning $10 bet wins $15 if you hit blackjack. However, some top-rated sites like BetOnline and Cafe Casino offer blackjack games with RTPs up to 99%, especially when playing single-deck variants.

Some offshore casinos also offer blackjack games with progressive jackpots. Progressive blackjack jackpots are special side bets that contribute to a growing prize pool. Each time a player places the side bet, a portion goes into the jackpot. The jackpot continues to increase until someone hits the winning combination, often resulting in a massive payout.

Continue Reading

Trending

Copyright © Offshorebettingsites.net - All Rights Reserved