The Chip Board
Custom Search
   


The Chip Board Archive 17

As I have heard....

..they will not turn it in to the IRS or tax it right there and then because with craps, these are a bunch of smaller wins. If on the other hand you have a single bet win of,just for example 10,000, they could tax you right there and then...just like with slot machines. It would be very hard for them to interupt the game each roll to do the tax stuff and pay you an after tax amount. So....what I have heard they are doing is for a win over 10,000, they give you a form and rely on you to pay the appropriate taxes.

These were just bits and pieces that I remember from conversations. I'm sure there are some chippers in the know. Also a call to the gaming comssion could probably give you some answers.

Fantastic roll Rich....good job!

Hey...did you make sure the pit boss rated you correctly??? vbg

Messages In This Thread

Nice roll at the craps table.
Money laundering?
Re: Money laundering?
Re: Money laundering?
Taxes and winnings..
No tax for me anywhere grin
Re: No tax for me anywhere grin
Re: Taxes and winnings..
Re: Nice roll at the craps table.
vbg Congrats vbg
Title 31 (Federal) replaced Reg. 6a recently
As I have heard....
Re: As I have heard....
Re: As I have heard....
Re: As I have heard....
Re: As I have heard....
Re: As I have heard....
Re: Nice roll at the craps table.
Re: Nice roll at the craps table.
Nice Story.

Copyright 2022 David Spragg