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In addition, with the Unlawful Internet Gambling Enforcement Act of 2006, payment processors such as PayPal, Venmo or LeagueSafe may find themselves at risk under federal gambling laws simply. If a similar percentage of Super Bowl wagers are football squares, you can reduce the wagering amount by about $1.8 billion. Technically, things like March Madness brackets and football squares are wagers, and if you want to get really technical, possibly illegal wagers in some locales, but this is definitely a situation that requires nuance. This is absolutely illegal. No two ways about it. In fact, since casino gambling is legal in New Jersey, there are probably more regulations and harsher penalties for illegal gambling than in most states. That being said, the likelihood of you being arrested or charged with a crime is next to nothing. The bill calls for an 8% tax on sports betting, which would generate between $8.7 million to $11.2 million in tax revenues. That’s based on a sport betting market in Michigan, both in the.Lila MacLellan
Quartz at Work reporter
Playing Super Bowl squares is supposed to be a harmless distraction, a bonding exercise that livens up life at work for a week or two, may offer a refresher in statistics and math, and leaves a handful of people with modest winnings from their gamble.
In Toronto this year, however, the story of a high-stakes game played by employees at the Toronto Stock Exchange has become a cautionary tale. One unnamed organizer lost $500,000 CAD in cash (US$375,00), the Globe and Mail reports (paywall); apparently he had been robbed.
Perhaps because this is Canada, there were no hard feelings. The Globe writes:
A number of pool participants who spoke to The Globe and Mail were granted anonymity because of their fears that their wagers were illegal. But none are particularly upset. In fact, they were uniformly sympathetic with the organizer and his plight.Super Bowl squares: A game of pure chance
The American Gaming Association estimated that 1 in 10 Americans would place a Super Bowl bet this year, and that a total of nearly $6 billion would be wagered. Some bets would be placed through illegal bookies or offshore online betting sites, and millions through contests like a casual game of squares whether with friends or colleagues. (Note: Casual doesn’t mean legal in the US, or in Canada.)
The basic premise of squares is simple: Everyone who pays into the pool is assigned a numbered square on a 10 x 10 grid, on which the competing teams correspond with either the x or y axis. You win when the score after the first, second, or third quarter, or at the end of the game, matches the numbers in your square. Family guy peter craps himself at work. For instance, if the score is 3-0 at half-time, and you “own” the 3-0 box, you’ll take home the prize for that round.
Sometimes the payouts are distributed evenly for each quarter, but many offices give the largest chunk of the pot money to the person whose square matches the final score.Super Bowl Squares Gambling Illegal Immigrants
In an average office, as the Globe reports, a square might cost $10 or $20. The Toronto game was not average: the cost of entry was $5,000 per square, paid “preferably in $100 bills.”
“Run by an old-school floor trader from the Toronto Stock Exchange, the private gambling affair is highly exclusive, and entry is open only to those with the right connections,” the Globe explains.Where did the money go?Super Bowl Squares Gambling Illegal Game
It’s still unclear exactly what happened to the money, which went missing a few days before the game and has not been reported to any of the local police agencies contacted by local reporters. One source told the paper that he heard there was a robbery at a suburban home (it’s unclear whether it was the coordinator’s home), and another heard that “the house got trashed.” Texas holdem poker in california winning.
The grand winner this year, who should be $300,000 richer today, was someone the Globe described as “a veteran real estate financier.” Even he had only sympathy for the organizer, who had emailed the group with an apology. “I appreciate everyone’s input and understanding given the unfortunate events leading to this and we will be making significant changes to the collection process going forward,” he wrote in a message the Globe obtained.
One of those changes will see the prize payouts reduced for games in the next four years, so that part of the collected money will go to this year’s winners as part of a repayment plan.By Roger Grandgenett and Sandy Ketner on Super Bowl Squares Gambling Illegal Poker
So you didn’t win the Powerball jackpot? There are still plenty of opportunities to win big in the next few weeks as Super Bowl 50, March Madness, and even the Oscars quickly approach. Many employees will likely be solicited by their fellow co-workers or supervisors to participate in office pools or football squares. However, employers should not allow conduct that is inappropriate, and in some states illegal, to interfere with business operations.
Some employers may view voluntary wagers made among employees at work as friendly competition or harmless fun. In some cases, periodic or seasonal workplace rivalries may even increase morale as different offices or different departments compete against one another for bragging rights. Working together to complete and then follow the results of a March Madness tournament bracket, for instance, may give employees who do not usually converse outside of their day-to-day job duties an opportunity to relate to each other on a different level. However, such activity could lead to division and alienation if some employees feel excluded for potentially discriminatory reasons related to race, gender, disability, religion, or other protected characteristics. Moreover, employees who already feel they are being treated unfairly may point to their exclusion from workplace wagers as further evidence of harassment, as may employees who are ridiculed by their co-workers for refusing to participate (perhaps due to their objection to gambling on religious grounds).
In addition, employees spending time during business hours to confer and place bets, as well as regularly following their picks, can lead to reduced productivity. Employees may cause interference with the company’s network operations if they stream live events on their laptops or smartphones. While the Super Bowl and the Academy Awards are held during the weekend, the March Madness tournament spans four weeks during both weekends and weekdays. Employers should be cautious not to endorse activities that will result in a significant loss of productivity.
Bookmaking is also illegal in many states. With many employees working remotely or across state lines, the risk of unknowingly committing a crime multiplies. Likewise, the creation of on-line gambling allows employees to place bets anytime, anywhere – including from their offices or cubicles. Even though workplace gambling is unlikely to result in criminal investigation or prosecution, employers should not turn a blind eye or otherwise appear to condone any illegal conduct occurring in the workplace.
In order to help minimize potential exposure to liability, employers should make it clear what is and is not permitted in the workplace. If employers conduct business in a state in which workplace gambling is illegal, employers should notify their employees that it is expressly prohibited and that employees will be disciplined if they engage in such prohibited conduct on the job. Even if employers conduct business in a state that permits private bookmaking, employers should avoid formally sponsoring pools or wagers where money will change hands. If employers choose to allow employees to participate in non-monetary wagers, employers should remind their employees that they must comply with all company policies, including those policies related to appropriate workplace conduct and the acceptable use of company resources.
Employers might also want to remind their employees of the procedures available for reporting any issues or concerns that may arise related to office pools or other workplace bets, and consider training their supervisors to monitor workforce conduct during the traditional office pool/betting season to help ensure policies are being equally and consistently applied. Finally, employers are advised to watch out for situations in which employees are excluded from or pressured to participate in office pools and other wagers. While nothing is ever a safe bet, being cognizant of the issues that can arise during betting season may increase the odds of maintaining a congenial workplace.
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