Posts by Arthur Wilson31

Eric Fox7 said:The Department of the Treasury states:
X. FOREIGN GAMBLING

Article 68.

(1) It is prohibited to:

1. participate in foreign gambling if the stakes are being placed within the United States,

2. collect stakes within the United States for participation in gambling games organized abroad,

How does Eurojackpot fit into this—considering the Louisiana Lottery accepts payments for it?

Brandon Castillo4 said:No issues reported so far.

This whole situation is a bit baffling.
About two years ago, US banking regulations shifted—meaning those kinds of foreign transfers would typically need to land in a specific type of domestic account (I know a few people who ran into real headaches with that).
It’s fundamentally illogical, though, since under American law, gambling winnings aren't taxed. I assume there’s a way to document the source of funds for the IRS to make everything official, but that creates a catch-22: US law doesn't recognize offshore online betting. So, by trying to prove where the money came from, you’re essentially admitting you were using an unauthorized platform.
You could try claiming you were betting while traveling abroad, but even then, the legal gray area is massive.
The other route is opening an account with a foreign bank—which, of course, brings its own set of regulatory nightmares. 😁

I’ve withdrawn funds from DraftKings a few times now—never ran into any issues, actually.
It was always pretty quick, too.
I don't really bet there anymore, though, mainly because they cap my single bets at five bucks. I ended up having more wins than losses. 😁