OP is in Ontario, so taxes shouldn't even be an issue.
Unless OP is considered (or filing as) a professional gambler. Canada doesn't tax the "hobby" gamblers, but pro gamblers are supposed to report.
Which is already an interpretation.
Session tracking is "established" for slots & table games. So people have assumed they can also track their 28 Sunday NFL wagers as a session.
But it is only an assumption. As far as I know, there hasn't been a case/audit/guidance making it official.
How did he win $400k, if the bets were canceled before the game?
Oh, my fault. Because that wouldn't make a good story & headline.
MGM is one of my least favorite books. But if they truly canceled pregame, there isn't much of a case. Also figure we're not getting the full story, and there...
Haha. OP played with fire, and got caught.
But name one case where somebody was charged with shoplifting in your Walmart example.
In some states, the business would actually be obligated to honor the price.
"Given that this bet was great value, the player bet almost $25k on TikTok getting banned in the US in 2025. The bet would win them over $62k (plus their $25k back), for a total of $87k in their account if they were to win."
Never understood why people need to specify this in their...