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Thread: Tax on winnings

  1. #27


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    Quote Originally Posted by dalmatian View Post
    How are the tax on winnings enforced exactly? Can you rat hole? Can you refuse to cash out and keep chips or would you still be taxed per session? A recent guest on GWAE was interviewed about central america play and he said there are sometimes ways around the tax.
    First you must have a Players card. You must show them a picture ID, drivers license, passport in order to get one. When you buy chips its all kept on computer at the cage. When you cash out you they run your card. You can not cash out without a card. Rat hole would not work the typical way. If you where with a friend it would work only if one of you lost. You won $1000 and your friend lost a $1000 by giving him your $1000 to cash would work. That's the only way it would work. Been there and done that at least in Mexico.

  2. #28


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    Speaking of taxes, the latest GWAE is another excellent Russel Fox episode on gambling and taxes.

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