Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
National
David Thompson

The Social Casino Tax Misconception: How the IRS Sees Through the "Sweepstakes" Label

The marketing around social casinos has done its job. Platforms like Chumba Casino, Fliff, and Stake.us have built a multi-billion-dollar industry by branding themselves as "sweepstakes," a structure operators have argued lets them offer casino-style games in states where online gambling is otherwise prohibited. Many of the players using these platforms have come to assume that the same argument insulates them from gambling taxes.

It does not.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.