OK, so, technically, we suppose you could use those five bucks at iTunes or Amazon, for online gambling of dubious legality or, well, most anything.
But whereas the Texan economy diversified into high-tech, Louisiana turned to gambling, with disastrous results: politicians were bought off by companies looking for licences for land and riverboat casinos, and the state became split between the pro-gambling populism of Mr Edwards and the anti-gambling sentiments of the good government crowd, most of them Republicans.
This is because while gambling winnings are included in income by virtue of Section 61 of the Code, gambling losses are only deductible to the extent of gambling winnings under Section 165(d).
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The full scope of that gambling isn't easy to measure, but Kane says that thousands of gambling venues exist in the game and have moved the virtual equivalent of hundreds of thousands or even millions of dollars, almost entirely free of taxes.
Las Vegas-based casino companies have been scrambling for years to cash in on the influx of Asian tourists into the Chinese gambling enclave of Macau.
Is that worse than the legal loan sharking, the predatory expansion of gambling and any number of other ill-advised ventures people pursue voluntarily?
It is simply gambling for the sake of gambling.
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It reasoned that the doctrine prohibits Congress from requiring states to take affirmative actions to implement a federal regulatory plan, and distinguishes that type of plan from PASPA, which restricts action (in the form of sports gambling) instead of forcing action by the State of New Jersey.
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This showed Gustavo Ponce, Mexico City's finance secretary, in the pose of a carefree plutocrat, chewing on a fat cigar whilst gambling thousands of dollars at the blackjack tables.
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While the headlines are filled with talk of solar, wind and ethanol, the oil and gas industry is quietly gambling billions of dollars that natural gas and its controversial liquefied counterpart will replace oil and coal in the energy economy of the future.
The really interesting questions include not just what nicotine (80% of those who try it will become addicted) shares with gambling (where, according to a 2006 survey of gambling in Oregon only 1.0% who gamble might have a problem with excessive gambling), but what makes them such different experiences with such different potentials.
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And competition looms from the gambling mecca of Macau, just an hour's boat ride away.
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The fight, which is taking place in the Chinese gambling enclave of Macau, will be broadcast free in China.
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He authored The Dowd Report, a 225 page study on the gambling habits of one, Pete Rose, the league's all-time hits leader.
In fact, the chairman might have been more popular in the gambling city of Macau than in the financial center in Hong Kong.
For instance, exchanges the gambling equivalent of online auction sites have lowered the costs of betting by cutting out bookmakers through matching gamblers offering and accepting bets on just about anything.
The consultants he has hired to create his wildlife park were responsible for South Africa's Pilanesberg National Park, the game reserve attached to the resort and gambling complex of Sun City.
In the popular US gambling destination of Atlantic City, New Jersey state law prevents casinos from barring card counters, while in the state of Nevada, home to the quintessential gaming city Las Vegas, no such law exists, so they can ask card counters to stop playing, or in extreme cases, ban them.
Experts say gambling addicts make up a small percentage of gamblers, but there have been signs of higher rates of addiction in places with easier access to casinos and other forms of gambling.
Investigators working for the Department of Homeland Security in Baltimore opened an undercover payment process business called Linwood Payment Solutions, allowing undercover agents to gain contact with top managers of gambling operations, negotiating contracts and terms of financial transactions, and facilitating payment data between online gaming firms and banks.
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Playing the lottery remains the most popular form of gambling in America, with just over half of respondents saying they bought a ticket last year.
But the popularity of gambling on the internet, and a handful of East German licences granted in 1990, have provided private operators with loopholes that regional governments have been trying to stop up.
He says that in recent years, there has been a huge growth of televised football, which, coupled with the ease of gambling online, has led to an explosion of betting on football around the world.
At present the Casino Reinvestment Development Authority, a state agency, distributes some of the gambling taxes to the rest of the state.
There, in the midst of mountainous chaos, she and the children walk slap into a rustic den of iniquity, a scene of drunken gambling and nakedness, reeking of sweat, urine and semen.
The Unlawful Internet Gambling Enforcement act of 2006 limited credit card use for online gambling, but kept fantasy sports legal.
Dr David Sinclair, from Fife, said the image of gambling as fun and safe masked the "dark side" of addiction.
The Budd report into gambling proposed eliminating restrictions currently in place on 'softer' forms of gambling such as bingo.
The feds maintain that he was the leader of the gambling operation, overseeing the laundering of its proceeds for Russian oligarchs overseas.
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