gambling

Professional gamblers and tax advisers are warning that a little-noticed line in Senate Republicans' 900-page "One Big Beautiful Bill" could make bettors pay income tax even when they break even. What Happened: According to a Bloomberg report, the measure caps gambling-loss write-offs at 90%, a...

A new tax rule tucked into President Donald Trump’s spending bill has gamblers worried—and it could ripple across some of the biggest names in the betting industry. Professional gamblers are reportedly raising concerns over a new tax measure embedded within Trump’s sweeping new tax and...

Donald Trump has been in office for less than six months of his four-year term. That doesn't stop voters from looking to the 2028 election with polls and betting odds showing a mix of candidates for both the Republican and Democratic parties. New 2028 Election Poll: A new 2028 presidential election...

Speculators are rushing to prediction markets as a high-stake and brutal feud between President Donald Trump and Elon Musk triggers a wave of wagers on electric vehicle subsidies, Musk's government ties and shifting political alliances. Tesla Inc. (NASDAQ:TSLA) plummeted 14.26% on Thursday,...

Lottery.com Inc. (NASDAQ:LTRY) shares are trading lower on Thursday as investors reacted to weak first-quarter results showing a continued decline in revenue. What To Know: The company reported $223,850 in revenue for the three months ended March 31, 2025, down 14% from $259,320 in the same period...

International Game Technology (NYSE:IGT) shares are trading lower on Tuesday, after the company reported first-quarter results. The company reported quarterly adjusted earnings per share of nine cents, missing the analyst consensus estimate of 11 cents. Quarterly sales of $583 million (down 12%...

Wynn Resorts, Ltd (NASDAQ:WYNN) reported first-quarter financial results Tuesday after the bell. Here’s a rundown of the report. Q1 Revenue: $1.7 billion, versus estimates of $1.74 billion Q1 Adjusted EPS: $1.07, versus estimates of $1.19 Total revenue was down from $1.86 billion in the...

Tesla Inc (NASDAQ:TSLA) has shut down a report that the company was actively looking to replace CEO Elon Musk. While it remains to be seen if the report was factual or not, prediction markets saw odds that Musk leaves the company in 2025 spike. What Happened: Facing weaker financials and seeing CEO...

Caesars Entertainment Inc (NASDAQ:CZR) reported first-quarter earnings Tuesday after the bell. Here’s a rundown of the report. Q1 Revenue: $2.79 billion, versus estimates of $2.79 billion Q1 EPS: Loss of 54 cents, versus estimates for a loss of 16 cents Broken down by segment, Caesars...

Las Vegas Sands Corp. (NYSE:LVS) released its first-quarter results after Wednesday's closing bell. Here's a look at the details from the report.  The Details: Las Vegas Sands reported quarterly earnings of 59 cents per share, which beat the analyst consensus estimate of 58 cents. Quarterly...

Anyone following Major League Baseball in the 2025 season has heard about torpedo bats, a new trend of bats that have seen impressive results for those using them. A deep dive into legal bats shows soaring demand and a public company that gives investors exposure to the latest hitting trend. What...

Flutter Entertainment (NYSE:FLUT) analysts highlight the sports betting and iGaming market share growth of the company after fourth-quarter financial results and guidance. The Flutter Analysts: Citizens analyst Jordan Bender maintained a Market Outperform rating on Flutter and raised the price...

Flutter Entertainment Plc (NYSE:FLUT) shares are trading lower in Tuesday’s after-hours session after the company cut near-term guidance due to a period of “very unfavorable” sports results. What Happened: After the market close on Tuesday, FanDuel parent company Flutter...

PENN Entertainment (NASDAQ:PENN) received a Wall Street upgrade Friday on a positive outlook for both its casino and sports betting segments. The PENN Analyst: JPMorgan analyst Joseph Greff upgraded shares of Penn from Neutral to Overweight and raised the price target from $19 to $27. Read Also:...

Robinhood Markets Inc (NASDAQ:HOOD) saw early success with the launch of event contracts ahead of the 2024 presidential election. Now the company appears to be eyeing the sports betting space. What Happened: Robinhood held its first Investor Day in New York on Wednesday. CEO Vlad Tenev made...