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Started By
Message
re: The new sports betting tax in the BBB could kill sports betting
Posted on 7/6/25 at 6:30 am to PeteRose
Posted on 7/6/25 at 6:30 am to PeteRose
quote:
I mean if you cash out a $200 winning ticket, is it in the best interest of the casino to ask for your social?
"They" in my scenario was the government, not the casino.
The casino will cooperate, though.
0
Posted on 7/6/25 at 7:44 am to PeteRose
quote:
mean if you cash out a $200 winning ticket, is it in the best interest of the casino to ask for your social?
No its not. They wont ask on anything up to 10k
Its why theWalrus who isnt very smart questioned why Vegas is the winner in all this
Posted on 7/6/25 at 8:07 am to PeteRose
quote:
mean if you cash out a $200 winning ticket, is it in the best interest of the casino to ask for your social?
Nope. And no one would ever find out. The casino is tracking the bet. Unless you are using a players card or some sort of account, they wouldn't find it
Posted on 7/6/25 at 9:27 am to GreatLakesTiger24
quote:So did the players that were betting on games they were playing in. Bunch of them getting busted now because its a lot easier to catch them when they’re betting through a legit sportsbook app compared to betting through a bookie.
I liked gambling better when it was illegal
Posted on 7/6/25 at 10:07 am to SDVTiger
quote:
No its not. They wont ask on anything up to 10k
Pretty sure at that point they have to.
But casinos can help the feds ID someone even if that person isn't making it easy (like using their player card, staying at the hotel, etc.)
If you drive up, your license plate will almost assuredly be scanned at some point, for example. If you use your ATM card. If your ID is scanned to enter the casino, it's documented. They have elite facial recognition, too, so they can identify you every time you enter the casino. Once they get a confirming identification, you're in the system every time.
The only variable is if the feds want to investigate or not. If they do, there's a very high % chance you will be identified.
Also, after working on many casino-based cases, the government almost always claims the largest amount of money they can and ignores losses. My experience is more cheating-based, but if they believe a patron is cheating, they will add up every win they can account for and include it initially in the arrest report. And they ignore losses. Hell, here, they LOVE adding conspiracy and RICO charges in the initial arrest warrant, too.
Posted on 7/6/25 at 11:32 am to SlowFlowPro
quote:
Pretty sure at that point they have to.
Well yeah.
All the rest of what you posted is insane. Vegas is going to be back in a yuge way and they must have been lobbying for this
No Vegas sportsbook asks for any ID when cashing tickets under 10k
Hopefully they start to bring back free drinks in big way for even more of an incentive
Posted on 7/6/25 at 11:38 am to kywildcatfanone
quote:
Good. Gambling needs curtailed
GFY clown
don't be a jealous loser because you suck at sports betting
Posted on 7/6/25 at 11:40 am to SDVTiger
right. I do not even have to go to vegas. gambling is legal in louisiana and mississippi. use cash at the window or go back to offshore books. I still use offshore books as well as some here in the states. thankfully gambling is legal here and we have two casinos close to me and I can easily go daily to make cash bets if needed. no worries. 
This post was edited on 7/6/25 at 11:43 am
Posted on 7/6/25 at 11:54 am to SDVTiger
quote:
No Vegas sportsbook asks for any ID when cashing tickets under 10k
Hopefully they start to bring back free drinks in big way for even more of an incentive
They need to do something
Posted on 7/6/25 at 5:11 pm to SDVTiger
quote:
All the rest of what you posted is insane.
It may seem that way, but you should do some research on how effective the government is at using casinos to identify people.
Usually it's not tax-related and it's embezzlement/theft related (gambling is the cause for the stealing), but they operate very efficiently in concert with each other
Posted on 7/6/25 at 10:27 pm to SlowFlowPro
I'll probably go find another hobby.
Posted on 7/7/25 at 6:06 am to SlowFlowPro
quote:
It may seem that way, but you should do some research on how effective the government is at using casinos to identify people.
quote:
Usually it's not tax-related
Yeah usually is an understatement. You are going to the extremes
No one is looking for Corthians420 and his $40 6 team parlay to win $1600
Posted on 7/7/25 at 8:26 am to Upperdecker
quote:
Funny that anyone in this thread thinks gamblers are paying taxes
When people are trying to show how much this might cost people they are using big numbers (like the $300k example). That's probably only the top 2% of all betters betting that amount.
Also not sure why the OP specifically mentioned sports betting. This is for all gambling.
And with gamblers anything over $1200 that someone wins on a single spin of a slot machine they will get a W2-G for. But if you have multiple $1199 spins then that money is never reported (and gamblers aren't including it in their wins and weren't paying taxes on it. For table games, it is supposed to be over $600, but I rarely see anyone get a tax notice on that (unless its like a large poker tournament or something similar).
I am assuming that this portion of the bill is to take into account that gamblers weren't actually claiming all their wins, but were trying to claim all of their losses.
Posted on 7/7/25 at 8:01 pm to Corinthians420
quote:
Whoever passed this bill has no concept of how gambling works.
You have better odds betting on stocks, and now all these degenerate gamblers will toss money at the market.
They knew exactly how gambling works, and they know exactly how options work.
Posted on 7/7/25 at 10:50 pm to SDVTiger
quote:
No one is looking for Corthians420 and his $40 6 team parlay to win $1600
Posted on 7/8/25 at 9:29 am to Corinthians420
Nobody pays taxes on the betting apps today. You have to hit like 50x your bet or something crazy to trigger a form.
Posted on 7/9/25 at 11:05 am to Corinthians420
quote:
that's gonna be the only option next year
Same for me depending on what state I’m in. I don’t know the particulars of this bill, but is this taxable winnings from every individual bet? Is this only based on money you cash out of the app? I started a DK account several years ago and have never taken money out.
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