- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Won a jackpot
Posted on 2/22/20 at 7:17 am
Posted on 2/22/20 at 7:17 am
I won a slot jackpot that gives me a significant amount of money to spend at a powersport dealership. I don't want/need anything they have. What's the best way to cash this in? Dealer said they'd buy back at $.50 on the dollar. 
18
Posted on 2/22/20 at 7:18 am to greygoose
Buy something right at the limit and immediately resale it?
Posted on 2/22/20 at 7:24 am to greygoose
Look at the tax implications either way. But if I was you, I would find out if the jackpot is transferable and then sell it to someone who wants something for .70 on the dollar cash. No taxes that way either.
Posted on 2/22/20 at 7:26 am to greygoose
How much you win baw?
Posted on 2/22/20 at 7:26 am to greygoose
Learn to ride a motorcycle 
Posted on 2/22/20 at 7:28 am to CHEDBALLZ
quote:
Buy something right at the limit and immediately resale it?
That's the obvious solution, but that puts the ball in my court on what to buy. This place has all the usual stuff. Motorcycles, UTV, ATV, Jet ski, etc. What do you think is the most popular item with the largest potential to sell quickly?
Posted on 2/22/20 at 7:28 am to greygoose
Get a jet ski.
They are a blast and fairly easy to maintain.
They are a blast and fairly easy to maintain.
Posted on 2/22/20 at 7:31 am to greygoose
Resale in Louisiana? I would go with an ATV
Posted on 2/22/20 at 7:31 am to jbgleason
quote:
Look at the tax implications either way. But if I was you, I would find out if the jackpot is transferable and then sell it to someone who wants something for .70 on the dollar cash. No taxes that way either.
I'm pretty sure it's not transferable. The dealership has to provide a purchase order to the the casino to get paid, and it has to be in my name. I wanted to for go the purchase, get the dealership to cut me a check for less, and they get the full amount. They wouldn't go for that. Said the documentation they have to supply to the casino has to include a specific item(s) with serial numbers, etc.
Posted on 2/22/20 at 7:32 am to greygoose
I will give you 55 cents on the dollar and go with you to pick out what to buy
Posted on 2/22/20 at 7:32 am to HogBalls
quote:
How much you win baw?
$15K
Posted on 2/22/20 at 7:35 am to TideSaint
quote:
Get a jet ski.
They are a blast and fairly easy to maintain.
I've had two. Sold both. The last one was a high-end, supercharged Yamaha. Got bored with it and never rode it. I don't have a need for a UTV, ATV, I don't want/need to ride a bike. If only they sold tractors!
Posted on 2/22/20 at 7:36 am to TigerTatorTots
quote:
I will give you 55 cents on the dollar and go with you to pick out what to buy
Bump it to 80 cents and we have a deal!
Posted on 2/22/20 at 7:37 am to greygoose
Definitely go with the Ford three fiddy and see if they will throw in a set of truck nuts also
Posted on 2/22/20 at 7:40 am to greygoose
Playing slots is trashy
Do they sell ATV nuts to put on your new side by side Baw?
Do they sell ATV nuts to put on your new side by side Baw?
Posted on 2/22/20 at 7:47 am to greygoose
Buy a ATV. Get insurance on it and have it stolen off the trailer attached to your truck. Then get insurance pay off and sell the not really stolen ATV to someone in Bumfrick Alaska. Profit, profit.
Posted on 2/22/20 at 7:50 am to greygoose
Buy something and sell it. I wouldnt take .50 on the dollar. Then again it may not be worth the hassle to you
Eta: just saw 15k. What brands does the dealer sell?
Eta: just saw 15k. What brands does the dealer sell?
This post was edited on 2/22/20 at 7:51 am
Posted on 2/22/20 at 7:50 am to greygoose
Be aware you are going to get a tax form 1099-G on the $15k. It is a significant tax rate and you should factor that into things.
Posted on 2/22/20 at 7:50 am to VernonPLSUfan
Insurance fraud FTW!
Posted on 2/22/20 at 7:52 am to jbgleason
quote:
Be aware you are going to get a tax form 1099-G on the $15k. It is a significant tax rate and you should factor that into things.
Exactly why I'm balking at the 50 cents on the dollar offer!
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News