Sports Feed

March Madness is heating up. We're down to the Elite 8. I usually don't pay too much attention to college basketball, or college sports in general. I follow the professional games because I like to yell at the players, and I feel much more comfortable cursing guys who're pocketing beaucoup bucks instead of unpaid college athletes. I am in the minority, even in my house. The hubby has been sneaking some TV time watching the NCAA men's basketball championship tournament, though truth be told that's mainly because our alma matter, Texas Tech, is doing pretty well. Only the ELITE remain!#MarchMadness... Read more →


Hope springs eternal for MLB fans on Opening Day. I'm looking forward to this season bringing another World Series pennant to join the 2017 one in the Houston Astros' Minute Maid Park. (Photo by me, taken at the 'Stros' championship celebration with fans at their home opener on April 2, 2018) Today is a holiday in our house. It's Opening Day for Major League Baseball. Our formal celebration of the sport's first games of the year began when we lived in the Washington, D.C. area. In those days, there were no Nationals. The Baltimore Orioles ruled the MidAtlantic baseball world,... Read more →


NASCAR's 2019 season started today with the auto racing series' biggest event, the Daytona 500. Congratulations to Denny Hamlin and Joe Gibbs Racing for taking the checkered flag in the Great American Race. Things aren't so clear-cut, though for the expired tax break for motorsports speedway improvements and more than two dozen other assorted tax benefits. These tax breaks expired in 2017 and are not on track for reinstatement. Yet. In fact, they're looking as messy as today's closing laps pile-up. Extenders indecision: These assorted tax breaks are known collectively as the extenders. They get that name because they are... Read more →


There was national anthem controversy at Super Bowl LIII, but it wasn't about what the players did during the song. It was about how long it took Gladys Knight to sing the Star-Spangled Banner and how it affected the associated prop bet. If you did come out on the winning side of the song, here's how to report that and other taxable gambling income. There's no disagreement that Gladys Knight's Star-Bangled Banner was magnificent. However, gamblers had some issue with how long the song lasted, which was one of the prop bets wagered on the game and its ancillary events.... Read more →


Will youthful enthusiasm prevail over old age and treachery? That's one of the things, although not in exactly those words, that you can bet on in connection with Super Bowl LIII. (Photo courtesy NFL.com) Los Angeles Rams head coach Sean McVay, at right in the above photo, turned 33 last month. He's the youngest coach to take a team to a Super Bowl. Across the field (and at left above) will be Bill Belichick, a veteran of National Football League championship games as the New England Patriots head coach. He's twice as old as McVay. If the Rams win Super... Read more →


Super Bowl Sunday is the single largest betting day of the year. And now, Nevada is no longer is the only state where bettors can place legal sports wagers. A historic Super Bowl LIII will finally kick off in Atlanta late Sunday, Feb. 3, afternoon. It's the is the first National Football League championship game where legal sports gambling has expanded beyond Nevada. Bettors now also can head to casinos or other betting establishments in Delaware, Mississippi, New Jersey, New Mexico, Pennsylvania, Rhode Island or West Virginia to put their money down on the NFL's biggest game. You can bet... Read more →


Whew! We made it through 2018, the first full year that the latest major tax law changes were in effect. Now we're about to see, depending on when Congress and the White House can agree to get the government (including the Internal Revenue Service) fully operational, if we can deal with the first tax filing season under those laws. But before we get lost in the intricacies of the Tax Cuts and Jobs Act (TCJA), I'm taking this one early day in 2019 to look at the six tax stories that turned out to be big deals last year. These... Read more →


The Dallas Cowboys, in white uniforms during a game with Detroit at Jerry World a few years ago, are heading back to the NFL playoffs. The Pokes last won a post-season game in 1996, when they ultimately won Super Bowl XXX. Will they change their dismal playoff run in 2019? (Photo by Kay Bell) National Football League fans in Texas are pretty happy this final regular season game weekend. Both the Houston Texans and Dallas Cowboys will play the post-season, with the Pokes actually winning their division. Go figure. I haven't been paying as close attention to the NFL this... Read more →


The Powerball and Mega Millions jackpots already are close to a combined $600 million. As the drawing times near, more people will play, creating even larger eventual jackpots. Of course, the chances of winning both drawings — roughly 1 in 75 quadrillion (that's 15 zeros) by one estimate — is even more minuscule than the general winnings odds of either alone. Still, millions of us will buy lottery tickets. Full disclosure: I'm one of them. Don't judge me. But don't call me either if I win! In fact, whoever wins Mega Millions major jackpot on Tuesday (Oct. 2), which as... Read more →


José Altuve, Major League Baseball's 2017 MVP, heads to the podium in Houston's Minute Maid Park to get his 2017 World Series ring at the Astros' home opener on April 2, 2018. Yes, my photo is blurry, but the stadium was rocking! Football season is here. Professional, college and high school teams have all taken the field for games that finally count. But some of us are still watching baseball. Major League Baseball (MLB) playoffs are nearing and there are tight division and wildcard (don't email me baseball purists; it is what it is) races, some of which will come... Read more →


There won't be many bets on the Dallas Cowboys to win the Super Bowl next February. Odds makers say that possibility is a 30-to-1 longshot. I'm a fan of the 'Boys and I think that's being way too optimistic! (Cowboys playing Detroit Lions in Dallas by Kay Bell) Professional football fans are ready for some football as the NFL's 2018 season kicks off tonight. And the league itself may finally be ready for some legal gambling on its sport. The reason is, of course, money. Billions in betting-related revenue: National Football League could pocket an added $2.3 billion a year... Read more →


New York Giants fan chow down at a pre-NFL game tailgate party. (Photo by Ben Vardi via Wikipedia Commons) College football begins in full force this Labor Day weekend. The professional pigskin players kick off the 2018 season on Thursday, Sept. 6. That means crazy body paint, tons of tailgating and betting. Yes, although professional sports leagues and especially the National Collegiate Athletic Association (NCAA) hate to admit it, gamblers put down billions on games every year. Most of those wagers have been, and will continue to be, placed illegally despite the May 14 decision by the Supreme Court of... Read more →


New Jersey Gov. Phil Murphy (D) places the state's first legal sports bets on June 14 at Monmouth Park Racetrack. (Screenshot from AP coverage. Click image to view full video.) New Jersey's governor put his money behind the Garden State's new sports betting option. Now he's paying for that. New Jersey started taking bets on sporting events on June 14, a month after the Supreme Court ruled in the state's favor and three days after Gov. Phil Murphy signed the law making his and, N.J. establishments hope, millions of other such wagers legal. The debut of the new sports betting... Read more →


Real Madrid teammates Cristiano Ronaldo, left, and Luka Modrić go against each other in a Portugal vs. Croatia friendly match in June 2013. (Photo by Fanny Schertzer via Wikipedia) I'm not a soccer or World Cup fan, but many of my social media pals are. That's why my Twitter feed is full of updates on upsets and expected results from this year's tournament hosted by Russia. But those sports fans have overlooked one thing. Some of soccer's — football to the world beyond the United States — biggest global stars also have faced serious international tax battles. Portugal star fights... Read more →


Our home's celebration of the 2018 Stanley Cup Champion Washington Capitals. It's champions day at our house! I spent the morning watching the Washington Capitals, the new National Hockey League champions, parade down Constitution Avenue showing the Stanley Cup to their long-suffering fans. Then I switched over to watch the Golden State Warriors, the National Basketball Association's back-to-back champs, celebrate with their fans along the downtown Oakland parade route. It's fitting that the latest major league champs on both U.S. coasts had their parades today. Their festivities come on the heels of expanded sports betting across the country. N.J. sports... Read more →


Every bettor in the United States after today's Supreme Court ruling that opens up sports betting nationwide. (Source: Giphy.com) That whoop you heard this morning was celebrating sports fans all across American who like to drop a few (or more) bucks on their favorites sports match-ups. The possibility that they can do so closer to home now an option thanks to today's (May 14, 2018) Supreme Court decision. Place your bets: The nation's highest court ruled 7-2 that a federal law that has effectively limited sports betting to Nevada for more than a quarter century is unconstitutional. The case, brought... Read more →


Margaret Reid won $1.2 million on an $18 Kentucky Derby bet at Retama Park in San Antonio. It was the biggest payout ever at the track, according to the racetrack's general manager Bill Belcher, who congratulated Reid. (Photo courtesy Rachel Bagnetto, Retama marketing department) The Internal Revenue Service loves the Kentucky Derby. Actually, it loves the full Triple Crown slate. Not only do thoroughbred owners, trainers and jockeys makes big, taxable bucks during the Derby's run for the roses, as well as at the subsequent Preakness and Belmont races, so do some bettors. Few race aficionados, however, are as lucky... Read more →


Scott Foster, accountant by day and emergency NHL goalie for one night, makes a save in the Chicago Blackhawks win March 29 over the Winnipeg Jets. Accountants know all about pressure, especially during tax season. But Scott Foster, a Chicago-area numbers cruncher, last night ably handled even more, albeit a different kind of, stress. Foster faced, and bested, some of the National Hockey League's best. Injuries lead to NHL debut: A series of injuries forced Foster to suit up and step into the goal crease for the final 14 minutes of the Chicago Blackhawks March 29 game against the Winnipeg... Read more →


Luxury suites provide fans with more than just views of sporting events. Some companies use these special accommodations to woo or reward high-dollar customers. However, a new tax law limiting the deductibility of such entertainment could end or limit these and similar business expenditures. (AT&T Stadium luxury box photo courtesy SuiteHop via Facebook) The arenas where the NCAA's March Madness college basketball games are being played have luxury box seats where the seat owners used to entertain existing and potential high-dollar clients. I say "used to" because the Tax Cuts and Jobs Act (TCJA) that took effect this year could,... Read more →


Spring training games are wonderfully leisurely, at least for the fans. But Major League Baseball is a big business and some of its practices could be negatively affected by the new tax law. (Photo courtesy Central Florida Visitors & Convention Bureau) One of the good things about tax-filing season's timing is that it and Major League Baseball's spring training overlap a bit. That means when my head is about to explode from the hassles of taxes, I can take a break and catch some of the Boys of Summer preparations. The February and March games in Florida and Arizona are... Read more →