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Does U.S. Federal Tax Code Encourage Risky Gambling Behavior?

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The arrival of the new year comes with a slate of resolutions and goals, but it’s also a time when Americans prepare to give the taxman his due. This process looks a lot different than it used to for the near 60% of adult residents who have become more frequent gamblers since the arrival of legalized sports betting in 2018. Americans have long been aware that they are supposed to report…

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