Sports Feed

Photo by Kay Bell Not only was last Sunday's Super Bowl LVIII the most watched National Football League championship game ever, it set a betting record. In case you were one of the apparently very few who missed it, the Kansas City Chiefs beat the San Francisco 49ers in overtime. The comeback was similar to the less dramatic result back in 2020, when the two teams faced off in Super Bowl 54. That year, MVP quarterback Patrick Mahomes and not-yet-Taylor-Swift's boyfriend Travis Kelce raised their first Lombardi Trophy. The Nevada Gaming Control Board tallied $185.6 million in bets across 182... Read more →


Allegiant Stadium will be filled with 49ers and Chiefs fans Sunday as they vie for the NFL championship in Super Bowl LVIII. (Photo: Allegiant Stadium) This Sunday, millions will watch the Kansas City Chiefs and San Francisco 49ers face off in Las Vegas to determine the National Football League's championship. With the Sin City location, it's fitting that a record 67.8 million American adults are expected to bet on Super Bowl LVIII. That's a 35 percent increase from 2023, according to a new American Gaming Association (AGA) survey. The dollar amount also is up this year. Bettors plan to wager... Read more →


Photo via Unsplash+ in collaboration with Getty Images College football fans are in heaven. The 2023 NCAA bowl season is underway. The first of the 42 games kicked off this morning in with Georgia Southern meeting Ohio in the Myrtle Beach Bowl. The event's sponsoring name notwithstanding, the event is actually more inland, at Brooks Stadium in Conway, South Carolina. There are six more games today, all as appetizers to the main menu meal, the College Football Playoff National Championship Game in Houston on Monday, Jan. 8, 2024. The one downside this year is the number of notable players —... Read more →


Wikipedia photo U.S. sports fans this time of year are focused on football. We're in the midst of the NFL season (how 'bout them Cowboys thumping the Eagles on Sunday night?!) and the NCAA bowl season is on the horizon. But a baseball player has many of us talking. Shohei Ohtani, the phenomenal two-way player touted as the modern-day Babe Ruth, set yet another record, this time off the field. The Japanese pitcher-slugger signed a $10-year, $700 million deal with the Los Angeles Dodgers that shatters all prior major league records. It's the biggest deal not just for an MLB... Read more →


Taxes play a part in a business' success. And states' tax structures can attract, or discourage, businesses' decisions to locate within their borders. (Photo by Unsplash+ in collaboration with Getty Images) College football captures most sports fans' attention this time of year, but it's also prime time for baseball. So, with the World Series underway, it seemed fitting that this weekend's first Saturday Shout Outs goes to an item that uses a baseball measurement to evaluate and compare business taxes in the country's 50 states and the District of Columbia. As long-time readers of the ol' blog have already figured... Read more →


Beyoncé on the Renaissance World Tour at Tottenham Hotspur Stadium in London on June 1, 2023, (Photo by Raph_PH - BeyonceSpurs010623) I love music. I just ordered two CDs last week. That last retail admission should tip you off that my prime concert-going days are behind me. In one way, I'm glad. The cost to see my favorite musicians perform back in my day was reasonable, even then. Today's more youthful fans, however, are shelling out big bucks to attend concerts. Marketplace economics are part of the calculation. And emotion is part of the market. So scalpers, whose targets are... Read more →


Students settling in at the top of Kyle Field stadium in College Station in advance of a Texas A&M vs. University of Texas-Austin game. The Lone Star State rivalry looks to resume, since Texas will join A&M in the Southeastern Conference (SEC) next year. (Photo by Zabdiel Gonzalez on Unsplash) Yes, college football technically kicked off last weekend, but today was when most fans got the games they've been waiting months to see. Like the TCU-Colorado match-up in the yet again rejiggered Big 12 conference. That game was wild! You know Big 12 football is back when there’s no defense... Read more →


Aviva Stadium in Dublin, Ireland, usually hosts rugby matches. On Saturday, Aug. 26, it will once again be configured to meet U.S. college football dimensions for a Navy-Notre Dame game. Here's how Aviva looked in 2012 when the two teams played there. (Photo by Papachinzo via Wikipedia CC) The 2023 National Collegiate Athletic Association (NCAA) Division I college football season kicks off this Saturday. I'll be yelling (yes, literally screaming at my TV in joy and, no doubt, frustration) for the Naval Academy's midshipmen as they take on Notre Dame in Ireland. Yep, the country of Ireland. Talk about an... Read more →


Real Madrid Carlo Ancelotti on the pitch sidelines (Photo: @MadridXtra Twitter screen capture) Spanish tax officials are not letting anything slide, especially when it comes to global celebrities. The tax evasion trial of pop star Shakira is scheduled to start this November. Now Carlo Ancelotti, coach of Real Madrid futbol club (for casual fans like me, that's a popular, and very valuable, soccer team), will stand trial for tax fraud for allegedly failing to declare image rights earnings in 2014 to the Spanish tax office. A Spanish judge said Ancelotti had "acknowledged" the actions which deprived the country's treasury of... Read more →


U.S. Senators today grilled professional golf representatives in connection with the planned merger of the PGA Tour and LIV Golf, the upstart league backed by Saudi Arabia. Critics, including many in the sports world as well as Congress, of the deal say it's a thinly disguised effort by the Mideastern country to sportswash its stained human rights reputation. Others add that it's an attempt to bolster its economic influence in the United States. The Senate Homeland Security Committee's Permanent Subcommittee on Investigations hearing ran around three hours, but apparently didn't resolve much. (Insert your own Capitol Hill dog and pony... Read more →


FanDuel On July 1, Tennessee will become the first state to tax sports betting handle. That means the Volunteer State's tax take will be based on based on the total amount of money wagered, instead of revenue collected. For a few more days, Tennessee will impose a 20 percent tax on adjusted gross gambling revenue (AGR). Next month, it will tax sports betting handle at 2 percent. The reason is, of course, money. Millions more to collect: A Tennessee General Assembly Fiscal Review Committee financial summary of the bill making the taxing methodology change notes that more than $3.77 billion... Read more →


Photo by Ays Be on Unsplash Congratulations to the Denver Nuggets on winning their first National Basketball Association championship. Congratulations, too, to all the bettors (like Drake) who pocketed some cash when their sports wagers paid off. Now all that's left is declaring those winnings as income on 2023 tax returns next year and paying the tax due on the money. Since sports betting has expanded across much of the United States, the Internal Revenue Service is in a much better position to know about these winnings and collect the associated taxes. U.S. commercial gaming revenue reached a quarterly record... Read more →


A view from the left field upper deck of the Milwaukee Brewers' ballpark, back when what is now American Family (AmFam) Field was known as Miller Park. (Photo by Brewersfan1061 via Wikipedia Commons) We're six weeks into the Major League Baseball season and my two favorite teams are giving me plenty of reasons to cheer and rant. But ain't that the way with all sports? At least my teams, the Orioles and Astros, are settled in Baltimore and Houston. I feel for the Oakland fans, where the few still going to Oakland-Alameda County Coliseum are watching their underperforming A's run... Read more →


Great American Park vendor selling frozen treats and beer at a Cincinnati Reds game. (Photo by Chris Metcalf via Flickr CC) Happy MLB Opening Day! No, it's not an official holiday, but it should be. I've been to several Major League Baseball opening days in person over the years. It's great fun. It's also expensive. A ticket to a major league ballpark these days can blow a full grocery budget to bits. And speaking of food, the cost of concessions is outrageous. But since you no longer can bring in food — yes, I'm old enough to remember when we... Read more →


In 1896, the first college basketball game was played. Now, 127 years later, the hoopla known as March Madness is big business and big betting. The annual NCAA Division 1 college basketball tournaments, both men's and women's matches, dominate the airwaves, with networks paying millions for the broadcast rights. Fans follow on their in-home televisions, as well as on their mobile devices via the internet. Seeding, schmeeding: The wins aren't just important to the teams, the university cities, or the colleges' alums. Bettors have placed millions on the games, and lots of them have already lost big. Upsets busted brackets... Read more →


Casino sportsbooks like this one in Las Vegas still take plenty of sports bets, but thanks to the Supreme Court's 2018 ruling allowing states to open up sports gambling within their borders, this year's Super Bowl wagering broke betting records. Happy Super Bowl Monday hangover! I'll try to type softly for all y'all skipping work today to recover from either celebrating your Kansas City Chiefs hoisting the Lombardi Trophy again or hunkering down because you drowned your Philadelphia Eagles' fan sorrows a bit too much. Regardless of the National Football League championship result, I hope at least some of your... Read more →


… and yes, there is a tax connection beyond winning wagers being taxable income. Photo by Scott Webb As is usual each Super Bowl Sunday, bets are getting a lot of attention. There are the big-dollar wagers on the game. Two seven-figure bets were placed last week on the Philadelphia Eagles to defeat the Kansas City Chiefs in today's Super Bowl LVII championship game. Then there are the prop bets, many of which have nothing to do with National Football League plays on the field. For any of those bets that pay off, the winners will owe taxes to the... Read more →


Image courtesy NFL The 57th Super Bowl is Sunday. Millions will watch the National Football League championship game to root for their Kansas City Chiefs or Philadelphia Eagles. For most, the attention will be because of pure fandom. But millions also will pay attention to the events at State Farm Field in Glendale, Arizona, because they've got money riding on the game. Growth of sports betting: Gambling on sporting events is no longer taboo. After the U.S. Supreme Court's 2018 ruling allowed states to decide whether to legalize sports betting within their borders, most states and Washington, D.C., have done... Read more →


Vegas, baby! Nevada's Sin City is still the place to wager on sporting events. More states, however, are taking sports bets, but World Cup wagers are minimal compared to bets placed globally. The hubby has been planted in front of the upstairs television since the World Cup began. I've been watching the MLB Network, wondering when the GM-less Houston Astros will make a move beyond the José Abreu signing. We'll weather this sports breach in our marriage. He's a big baseball fan, too, and the World Cup rolls around just every four years. And at least he's not a gambler.... Read more →


UPDATE, Nov. 5, 2022, 10:25 p.m. CDT: The Houston Astros win game 6 by a 4-1 score and are 2022 World Series Champions! Houston Astros mascot Orbit hopes to trade in his extra-large regular season cap tonight for a 2022 World Series Champion one. (Photo by Kay Bell) The Houston Astros will play what fans, including me, hope is their last game of the 2022 Major League Baseball season tonight in Minute Maid Park. If they beat the Philadelphia Phillies, they get to hoist the World Series trophy in front of their hometown fans. Some H-Town businesses, however, might be... Read more →