What will the extra lucky winner do with their $1 billion Powerball Jackpot? The odds of winning the jackpot are 1 in 292.2 million (slightly better than the 1 in 302.6 million odds for winning the ...

Analysts and industry insiders have also warned that the prospect of paying taxes on "phantom" winnings may discourage both professional and recreational gamblers from participating, potentially ...

Donald Trump says he will think about ending federal taxes on gambling earnings as part of a broader tax overhaul.

President Donald Trump said on Dec. 9 that he is considering the idea of eliminating federal taxes on gambling winnings, ...

US President Donald Trump is weighing the idea of eliminating federal taxes on gambling winnings, framing it as a possible next step in his broader tax-cut agenda that already targets tips, overtime ...

Trump says he may eliminate federal taxes on gambling winnings, expanding his administration’s push for new tax cuts.

The process is faster than it was 15 years ago when a Biloxi man won $14 million, and income taxes still come off the top.

Currently, for gambling winnings of $5,000 or more the Internal Revenue Service (IRS) requires a 24 percent withholding rate.

Gambling winnings are currently required to be reported as “other income” on federal taxes, and the rate is based on an ...

President Donald Trump could be thinking about eliminating taxes on gambling winnings. While aboard Air Force One, Trump was asked if he had any plans to do […] ...

The President signals openness to ending federal levy on gambling winnings amid broader tax-cut agenda ...

Looking for legal online slots in California? Discover how Racing Slots (HHR) and apps like Horseplay offer a legal ...