[dynachrome]

Harry Reid not getting his cut, I guess

[Robert DeLong]

All I know about them is that they have certainly been putting on an ad campaign lately. See them all the time on Direct TV. My guess is they will lose that fight, even if what they state is a fact (not that I am saying it is). But nothing will prevent them from moving offshore I guess.

[soycd]

Gotta get their cut I guess.

Meanwhile islamo filth slips by ...

[Mad Dawgg]

Nice fantasy Football business, it would be a shame if anything happened to it...

[Jarhead9297]

We knew the casino mafioso who pads the politicians would win the day

[nickcarraway]

Gee, the gaming industry can get the state to do anything it wants. Go figure.

[Dilbert San Diego]

Can I ask a stupid question?

How can the state of Nevada ban these games and sites? The games are played in the internet. How would they know if someone in Nevad goes on these sites???

[optiguy]

Poker has been recognized as requiring skill for professional status:

A professional gambler is viewed under the tax code as engaged in the trade or business of gambling. The taxpayer “nets” all gambling winning and losing sessions, and reports the result (either zero or greater) as gross receipts on the Schedule C. The limitation on deducting gambling losses still applies.

Because the professional gambler is viewed as self-employed, the taxpayer may also deduct “ordinary and necessary” business expenses incurred in connection with the business.

The professional gambler is also subject to the self-employment tax, which is a social security and Medicare tax primarily for individuals who work for themselves. It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. For the 2011 tax year, the self-employment tax was 13.3% for the first $106,000 of business income, and 2.9% thereafter. A taxpayer may deduct one-half of the self-employment tax as an above the line deduction.

Courts have ruled poker is a game of skill. This will be challenged in court and should be.

[okie01]

The sites insist they are skill-based games and not chance-based wagers, and are therefore not subject to gambling regulations.

Which is absolutely true.

The feds (McCain being a chief antagonist) challenged the season long fantasy games back in the mid-nineties. ESPN, Sporting News, there were dozens of media-sponsored games with substantial cash prizes.

We had to prove those were games of skill and we did. Why are the daily games any different? Same scoring, same rules, just a shorter cycle.

[Rebelbase]

"Yeah, well let's cut out the bullshit. I don't want to spend any more time here than I have to. You can have the license, the price is 250,000 dollars. Plus a monthly payment of 5% of the gross -- of all fantasy take. Mister Fan Duel "

[Eric Pode of Croydon]

Promo code: UHOH

[Cementjungle]

I see another exercise equipment accident in Harry’s near future.