Sports wagering legalization is a controversial subject that has recently been debated in a number of state capitals, and the united states Supreme Court is considering conducting its own review within the coming months.

The topic is garnering the attention of even more important players as Super Bowl LI generated a record handle at Nevada sportsbooks. The commander-in-chief gave over the weekend while there was much coverage on President Donald Trump’s sit-down with FOX News‘ Bill O’Reilly during Super Bowl Sunday, it wasn’t the only interview.

Showing up on American sportscaster Jim Gray’s Westwood One radio network program, the president was asked about legalizing sports nationwide that is gambling.

‚What we’d do is sit down with the commissioners. I would be talking in their mind, so we’ll observe how they feel about it,‘ Trump explained. ‚Some would maybe not desire it, I’ve look over others perhaps do. I’d certainly wish to have their input and obtain the input from the different leagues . . . It will be studied very carefully.‘

While vague, the president’s remarks are the time that is first’s opined on potentially even considering repealing the pro and recreational Sports Protection Act (PASPA). The 1992 statute that is [Weiterlesen…]

Minnesota charitable games are used by roughly 1,200 nonprofits across the Gopher State as a way to grow revenue for the missions of their respective organizations.

But the latest fiscal report on the legalized gambling sector shows that state tax coffers are getting rich, while the actual groups themselves are barely pulling in more money than they deliver to St. Paul.

The Star Tribune, the largest circulated newspaper in Minnesota, published a story this week showing that nonprofits paid $60.6 million in state taxes last year, while spending $62 million on their charitable work. And while overall the nonprofits engaged in charitable games still came out on top, that wasn’t the case for some groups.

For example, the Irving Community Association was on the hook for $733,000 in state taxes i n2016. But the 501(c)(3) group that supports youth organizations around the Duluth area spent just $306,000 on actual mission programs.

Tax rates vary depending on an organization’s total gambling revenue and which games they offer. Groups pay between 8.5 and 36 percent of their gross receipts on games like pull-tabs and electronic bingo to the state.

Some observers blame the nonprofits for having too much overhead, whil [Weiterlesen…]

Minnesota charitable games are used by roughly 1,200 nonprofits across the Gopher State as a way to grow revenue for the missions of their respective organizations.

But the latest fiscal report on the legalized gambling sector shows that state tax coffers are getting rich, while the actual groups themselves are barely pulling in more money than they deliver to St. Paul.

The Star Tribune, the largest circulated newspaper in Minnesota, published a story this week showing that nonprofits paid $60.6 million in state taxes last year, while spending $62 million on their charitable work. And while overall the nonprofits engaged in charitable games still came out on top, that wasn’t the case for some groups.

For example, the Irving Community Association was on the hook for $733,000 in state taxes i n2016. But the 501(c)(3) group that supports youth organizations around the Duluth area spent just $306,000 on actual mission programs.

Tax rates vary depending on an organization’s total gambling revenue and which games they offer. Groups pay between 8.5 and 36 percent of their gross receipts on games like pull-tabs and electronic bingo to the state.

Some observers blame the nonprofits for having too much overhead, whil [Weiterlesen…]

Sports betting legalization is a controversial subject that has recently been debated in many state capitals, and the US Supreme Court is considering conducting unique review in the coming months.

The topic is garnering the attention of even more important players as Super Bowl LI generated a record handle at Nevada sportsbooks. The commander-in-chief gave over the weekend while there was much coverage on President Donald Trump’s sit-down with FOX News‘ Bill O’Reilly during Super Bowl Sunday, it wasn’t the only interview.

Showing up on American sportscaster Jim Gray’s Westwood One radio network program, the president was asked about legalizing sports nationwide that is gambling.

‚What we’d do is sit straight down with the commissioners. We could be talking to them, and we’ll observe how they feel about it,‘ Trump explained. ‚Some would perhaps not desire it, I’ve look over others possibly do. I would certainly want to get their input and have the input from the various leagues . . . It shall be studied very carefully.‘

While vague, the president’s remarks will be the first time he’s opined on possibly even considering repealing the pro and recreational Sports Protection Act (PASPA). The 1992 federal statute made sports gamb [Weiterlesen…]