IRS plans to increase audit rates of wealthy taxpayers and large corporations

The IRS plans to increase audit rates of wealthy taxpayers and large corporations using funds provided by the Inflation Reduction Act. The agency aims to modernize, improve services, and collect more tax revenue. The funding is also being used to hire additional staff and improve technology. Republicans have expressed concerns about potential targeting of small businesses and the middle class.

Legalization of Mobile Sports Betting in North Carolina

North Carolina recently legalized mobile sports betting, joining a trend that started after the Supreme Court struck down the ban on states authorizing sports betting in 2018. Tax revenue from sportsbook operators will benefit youth sports programs and gaming addiction programs.

Legalization of Sports Gambling and Internet Casino Games in the U.S.

Recovering gambling addict Brian Hatch discusses the dangers of sports gambling as it becomes legal in more states. Industry experts predict more states will join in offering internet casino games. Some states are hesitant due to concerns about revenue cannibalization and lack of familiarity with the industry.