Daily Archives: February 13, 2024

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On this Monday, the NBA reigns supreme with a 10-game slate with matchups including the Philadelphia 76ers at Cleveland Cavaliers, the New York Knicks at Houston Rockets, and the Minnesota Timberwolves at Los Angeles Clippers. Two big college hoops programs are in action, with Wake Forest at Duke and Kansas at Texas Tech. The NHL has a four-game slate, and it's a big hockey night on the East Coast with the Seattle Kraken at New Jersey Devils, Calgary Flames at New York Rangers, and the Arizona Coyotes at Philadelphia Flyers.

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This article is part of our Betting Promotions series.

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Hard Rock Bet Promo Code: Sign Up And Claim $100 In Bonuses - RotoWire

The No. 7 North Carolina Tar Heels (19-5, 11-2 ACC) visit the Syracuse Orange (15-9, 6-7 ACC) in a matchup of ACC teams at JMA Wireless Dome, starting at 7:00 PM ET on Tuesday, February 13, 2024. The Orange are 7.5-point underdogs in the game. The matchup has an over/under set at 156.5 points.

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Will North Carolina cover the spread vs. Syracuse? Betting Trends, Record ATS - KNOP

A study group of Alabama legislators recently announced plans for a comprehensive gaming bill in the Yellowhammer State. The legislation would create a state lottery while also legalizing casinos and sports betting in Alabama.

One of the main arguments is that illegal gambling is already occurring across the state, creating the need to not only legalize certain facilities, but also enforce strict penalties against the illegal gambling operations.

Friday on Alabama Public Televisions Capitol Journal, State Rep. Chris Blackshear (R-Phenix City) argued for the need of the new law.

Were very nave and were fooling ourselves if we dont think thats happening today, Blackshear said about sports betting. Theres folks out there that gamble every single day on an app on their phone, whether its through a bookie in the state, or whether its through having an off-shore account. Its happening every single day.

In fact last year there was 1.93 million attempts to make an illegal sports bet in the state of Alabama last year, on their phones. So its happening.

Blackshear said the bill might result in less gambling overall in the state because it will shut down the illegal facilities.

So, if Im going to seven licensed casinos, he said, and again the Poarch Creek counts, if you only had 10, from a casino perspective going from several hundred to a total of 10, and then were going to have an enforcement division that enforces those, regulates them, and then we also increase all the penalties, we put some teeth into the law. That to me is drastically reducing, thats not expanding.

Blackshear admitted this proposal probably wont please everyone, but said its the best compromise they can get through this session.

We knew it wasnt an easy task, he said, and we knew at the end of it, whatever piece of legislation looked like when we introduced it, there was not going to be a perfect piece of legislation because its just not a perfect topic a lot of people dont want to talk about. But we think we have the best possible piece of legislation to deal with the problems that we have in the state of Alabama.

If the bill passes, a constitutional amendment will have to be approved by the voters to become law.

Yaffee is a contributing writer to Yellowhammer News and hosts The Yaffee Program weekdays 9-11 a.m. onWVNN. You can follow him on Twitter@Yaffee

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State Rep. Blackshear: 'Nave' to think sports betting isn't already taking place in Alabama - Yellowhammer News

The Georgetown Hoyas (8-15, 1-11 Big East) are heavy underdogs (+17.5) as they try to break a six-game road slide when they take on the No. 17 Creighton Bluejays (17-7, 8-5 Big East) on Tuesday, February 13, 2024 at CHI Health Center Omaha. The contest airs at 8:30 PM ET on Fox Sports 1. The matchup's point total is set at 150.5.

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Will Creighton cover the spread vs. Georgetown? Betting Trends, Record ATS - WYMT

The Kansas City Chiefs, for the second consecutive time, have won the Super Bowl. The Chiefs defeated the San Francisco 49ers 25-22, in overtime. As usual, fans are talking about the commercials, Usher's halftime show, and Taylor Swift.

However, if you are among the 68 million people who were expected to bet on the big game, you need to know that taxes are part of the equation. So, since tax season, has started, heres what you need to know about what your Super Bowl bet has to do with your tax return.

The American Gaming Association reported that nearly 70 million people would bet on Super Bowl LVIII, waging over $23 billion. According to the AGA, that would be up from$16 billion spent during last years game.

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As the Super Bowl comes to Las Vegas for the first time, this years record interest in wagering marks a full circle moment for the U.S. gaming industry, AGA President and CEO Bill Miller said in a release about this years event.

Legal sports betting, including online betting, has expanded across the United States in the last few years. Thats mainly because of a 2018 U.S. Supreme Court decision that allowed states to decide whether to legalize sports betting.

Now, the District of Columbia and most states allow some form of online sports betting, while another nine states only allow retail sports betting. Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah.

If you are one of the millions who placed a bet this year, you need to know that the IRS considers sports betting to be gambling. And income from gambling winnings is taxable.

It doesnt matter if those winnings come from sports betting online, from the casino, or as a result of a big Powerball lottery jackpot win. The IRS expects you to report your winnings on your federal income tax return.

Gambling losses are generally deductible on your federal income tax return, but only to the extent of your winnings and if you itemize deductions. If you take the standard deduction, which most taxpayers do, you cant deduct your gambling losses.

In any case, keep good records. If you itemize, you should be able to show the IRS the amounts of your gambling winnings, your losses, dates, places, and payers associated with that gambling.

Remember that, like the federal government, most states tax income (including gambling winnings), although some states don't allow deductions for gambling losses. If you're unsure how to report gambling winnings and losses from the state you reside in, or from a different state, check with a tax professional when it's time to file your taxes.

By the way, youll report your winnings (or claim your losses) from Super Bow 2024 on the returns you file in early 2025.

More:

Did You Bet on the Super Bowl? Don't Forget About Taxes - Kiplinger's Personal Finance

The Northern Illinois Huskies (8-15, 2-8 MAC) host the Buffalo Bulls (3-20, 1-9 MAC) in a matchup of MAC teams at NIU Convocation Center, tipping off at 8:00 PM ET on Tuesday, February 13, 2024. The Bulls are 7.5-point underdogs in the game. The over/under in the matchup is set at 149.5.

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Will Buffalo cover the spread vs. Northern Illinois? Betting Trends, Record ATS - WWNY

Amid a tsunami of hyperbole occasioned by a 1970s Super Bowl, Duane Thomas, a talented NFL running back, and no slouch as a philosopher, asked: If its the ultimate game, why are they playing it again next year? This Super Bowl Sunday 60 minutes of football slathered with patriotic treacle and surrounded by examples of this commercial republics distinctive craft (commercials) will be the ultimate (until next year) eruption of sports betting. Sundays game will be played, appropriately, in Las Vegas.

At the beginning of the 2023 NFL season, a study for the American Gaming Association predicted that almost 50 million adults would bet on NFL games online, at a casino sportsbook, or with a bookie. Fifty million are expected to bet one of those ways on Sundays game, 38 million of them online.

Television advertisements for online betting services (FanDuel, DraftKings, etc.) seem as ubiquitous as cigarette commercials were until they were banned to protect people from themselves from an addictive and harmful habit. One should avoid language that medicalizes too much of life, but gambling unquestionably can be addictive. The thrill of risk, and of winning, can trigger dopamine and endorphin surges. And today cravings for more can be satisfied by using devices in most pockets and purses: Smartphones enable dumb decisions.

Time was, some people took the risk of gambling because, well, why not? Simply living involved multiple omnipresent risks poverty, disease, wolves, brigands. Perhaps today many people gamble (or ride roller coasters) because everyday life lacks the intense experience of risk. Such gambling is not a degenerate quest for wealth without labor; it is a lust for limited risk without serious danger.

But a real danger exists. Ben Krauss, writing for the Slow Boring blog, cautions that for some people gambling is so highly addictive that psychological and physiological processes displace actual decision-making. This is especially so when bets are made during in-game excitements a form of intense fan engagement from which teams profit. The $2 billion spent advertising online gambling is, Krauss says, working: Since 2018, $220 billion approximately the annual gross domestic product of Nevada has been wagered in legal sports books, with the annual total increasing by an average of 22% year over year.

Krauss notes that some states have tried good luck with this banning sports gambling advertisements reaching people under 21. Or banning celebrity endorsements of such gambling. The Supreme Court, upholding Puerto Ricos ban on casino advertising, held that reducing gambling is a legitimate government interest.

But gambling is not dangerous the way smoking is: Cigarettes, the focus of a concerted public health campaign for six decades, are harmful when used as intended. For most who bet, their pastime is harmless, and we should not constrain a large majority to protect a relatively small minority from what is called a disorder of impulse control.

In 2017, Commissioner Roger Goodell said: We are not changing our position as it relates to legalized sports gambling. In 2018, the Supreme Court struck down a federal law that prevented states from permitting sports gambling. Why not, when 45 states and the District of Columbia run lotteries? Today, there is a sportsbook in the Washington Commanders FedEx Field.

Gambling was long considered a sin. Massachusetts Puritans passed a law against it in 1638, and in 1935, Grand Rapids, Mich., jailed a woman who organized bingo games to support a Catholic charity. Today, promoting gambling is a social policy. Actually, it always has been. The Jamestown settlement, the Continental Army, Dartmouth, Harvard, Princeton and many other institutions and public works were financed at least in part by lotteries.

Today, gambling is mainstream in a nation with about 1,000 casinos, a $9 billion online betting market and sports media chattering earnestly about point spreads. Disney-owned ESPN et tu, Mickey Mouse? has an online betting brand, ESPN Bet.

Speaking of impulse control disorder, Super Bowl Sunday is the second-most high-calorie day (after Thanksgiving) in a nation whose obesity epidemic is producing many men and women shaped like NFL interior linemen. The ultimate game is the national campfire around which gorging Americans gather annually. When this years fire is extinguished by a merciful final tick of the game clock, the winner will be: America. It will have a year to recuperate from a day of wretched excess, and only two days to wait until it hears the loveliest four words in the English language: Pitchers and catchers report.

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Opinion | The ultimate Vegas wedding: The Super Bowl and sports betting - The Washington Post

The No. 16 Dayton Flyers (19-4, 9-2 A-10) are heavily favored (by 10.5 points) to continue a 13-game home winning streak when they host the Duquesne Dukes (14-9, 4-6 A-10) on Tuesday, February 13, 2024 at 7:00 PM ET. The matchup has an over/under of 136.5.

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Will Dayton cover the spread vs. Duquesne? Betting Trends, Record ATS - FOX19

The Oklahoma City Thunder (36-17), on Tuesday, February 13, 2024 at 7:30 PM ET, hope to break a three-game road losing skid at the Orlando Magic (29-24).

In this article, you can take a look at odds and spreads for the Thunder vs. Magic matchup across multiple sportsbooks.

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Are the Thunder favored vs. the Magic on February 13? Game odds, spread, over/under - KOLN

The No. 20 Wisconsin Badgers (16-8, 8-5 Big Ten) will try to break a four-game winning streak when they host the Ohio State Buckeyes (14-10, 4-9 Big Ten) on Tuesday, February 13, 2024 at Kohl Center as 9.5-point favorites. The game airs at 9:00 PM ET on Peacock. The matchup has a point total of 139.5.

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Rep your team with officially licensed college basketball gear! Head to Fanatics to find jerseys, shirts, and much more.

Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER.

2023 Data Skrive. All rights reserved.

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Will Ohio State cover the spread vs. Wisconsin? Betting Trends, Record ATS - FOX19