The Skill Of Handling Tax Issues With Daily Fantasy Sports

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Daily Fantasy Sports (DFS) continues its mammoth growth, with payouts exceeding previous industry highs year-after-year as evidenced by record guaranteed payouts by DraftKings and FanDuel this year, as well as Yahoo, CBS, and Amaya jumping into the space.  With record payouts escalating, more and more winning players emerge. States could get into the fold with their own forms of taxation, but for the meantime players should be aware of the tax implications that may come along with participating[…] read »

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