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Originally Posted by
ZenMaster_Flash
I have seen casinos simply hand over the chips and
I have seen it treated as a taxable gambling event.
This partially depends upon management.
Casinos that are Native American enterprises will
mostly pretend to comply with I.R.S. regulations.
My spouse won a Bad Beat Jackpot a decade ago. The
payout exceeded $25,000 at an Indian Casino Poker
Room. She signed for it and the cash was dropped
before her on the baize. Later, I asked "the brush"
and found out that the tax forms are never sent in
by the casino.
I've got one royal flush on UTH and it came at an Indian casino. These are supposed to be taxed as well, but this one just paid it off like any other win. No tax forms, call to surveillance to verify the win or anything.
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