US 12,450,980 B1
Game with chance element and tax indicator
Dean P. Alderucci, Westport, CT (US); and Geoffrey M. Gelman, Brooklyn, NY (US)
Assigned to CFPH, LLC, New York, NY (US)
Filed by CFPH, LLC, New York, NY (US)
Filed on May 6, 2024, as Appl. No. 18/655,842.
Application 18/655,842 is a continuation of application No. 18/108,829, filed on Feb. 13, 2023, granted, now 12,014,598.
Application 18/108,829 is a continuation of application No. 17/337,477, filed on Jun. 3, 2021, granted, now 11,580,820, issued on Feb. 14, 2023.
Application 17/337,477 is a continuation of application No. 16/677,802, filed on Nov. 8, 2019, granted, now 11,030,854, issued on Jun. 8, 2021.
Application 16/677,802 is a continuation of application No. 13/540,128, filed on Jul. 2, 2012, abandoned.
Application 13/540,128 is a continuation of application No. 11/871,403, filed on Oct. 12, 2007, granted, now 8,210,931, issued on Jul. 3, 2012.
This patent is subject to a terminal disclaimer.
Int. Cl. G07F 17/32 (2006.01); G06Q 20/20 (2012.01); G06Q 40/12 (2023.01)
CPC G07F 17/3244 (2013.01) [G06Q 20/207 (2013.01); G06Q 40/123 (2013.12); G07F 17/32 (2013.01); G07F 17/3227 (2013.01)] 20 Claims
OG exemplary drawing
 
1. An apparatus comprising:
at least one processor configured to control:
determining a tax-efficient betting strategy for suggestion to a bettor, in which the tax-efficient betting strategy attracts lower tax liability for the bettor, or increases a percentage of a pre-tax return realizable by the bettor after paying tax liability on a pre-tax payout, in either case, relative to other possible betting strategies available to the bettor;
receiving, via a communication network, a location determination signal from a mobile computing device indicating a current location of the mobile computing device, in which the location determination signal is generated via at least one of network-based technology or satellite-based technology;
while the current location remains within a predefined zone, enabling a gaming activity using the mobile computing device, and when the current location exits the predefined zone, disabling the gaming activity using the mobile computing device;
transmitting, over the communication network, the tax-efficient betting strategy for display by the mobile computing device;
receiving, over the communication network, a wager of the bettor from the mobile computing device against a wagering account for the bettor for multiple wagering events, while the current location remains within the predefined zone;
determining a loss or winnings from the wager; and
paying out winnings to the bettor, less withholding payable to tax authorities, the withholding to be computed based at least in part on the winnings and on tax withholding form information of the bettor.