Is Basketball Betting Legal?

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

Trump Scraps FHA Rate Cut — What Does It Mean for You?Borrow

Where to Sell Your Stuff for Top DollarAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

8 Tuition-Free U.S. CollegesCollege

10 Overlooked Expenses That Ruin Your BudgetFamily

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

20 Simple Hacks to Make Your Stuff Last LongerAround The House

12 Surprising Ways to Wreck Your Credit ScoreBorrow

Office betting pools can get you fired, and in some states possibly arrested.

Slate.com reports betting on basketball brackets (any workplace gambling, really) could mean trouble, depending on where you live. But it probably won’t.

For starters, it might be against company policy. In 2009, participating in a fantasy football league got four Fidelity employees fired. Federal employees are also banned from gambling at work.

It could also be illegal, and state laws vary widely on the particulars. According to Slate:

Office basketball pools count as illegal bookmaking operations in most states. You’re in the clear if your office is located in Nevada, where sports wagering is legal; in Montana, where sports pools are legal as long as the house doesn’t take a cut; and in Vermont and Connecticut, where small-time pools among friends and colleagues are allowed.

That means in the other 46 states, gambling pools are illegal.

Anthony Cabot, a gaming lawyer, told an Indiana TV station “persons operating and playing in the pools could be arrested” in states where it’s illegal, although that’s not typical.

“Not typical” is an understatement, however. The fact is, while March Madness gambling is widespread, the author of the Slate article wasn’t able to find a single instance of someone being prosecuted for spending five or ten bucks to participate in an office pool.

If you do win your office pool, however, don’t forget you’re also supposed to pay taxes on your winnings.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 21 Restaurants Offering Free Food Right Now

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,841 more deals!