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” – Jean ScottEarlier this year, as part of an expansive rewrite of gambling tax law, the IRS put forward the idea of lowering the mandatory reporting minimum for slot machines to 0.Dear Mark: If the automatic W2-G reporting on a slot machine is for a jackpot of ,200, does that hold true for higher-denomination machines as well? Bill W....

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Towering at 130 meters in Cotai, the Golden Reel is majestically located at the center-point between the resort’s twin “Art Deco meets Gotham City” hotel towers, and will offer visitors a thrilling ride experience unique to Studio City.As envisioned by Mr. Uncle Sam figures that since, by law, gamblers must pay taxes on every dollar they win at casinos, bingo parlors, racetracks, even an informal football bet with Uncle Louie, the IRS might as well capture more with a lower jackpot threshold....

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Yes, Bill, and it may get worse. The “never-been-done-beforCertainly, Bill, you can keep track with meticulous records of your losses to offset any winnings, but few, if any, casual gamblers do....

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Gambling Wisdom of the Week: “How the IRS views gambling is a murky, swampy, stinky cesspool, so wide that it’s extremely difficult to maneuver around.5 percent for five dollars and above.As for the hold percentage averagesfree cas ino games for android ddsp for the Las Vegas Strip, they are approximately 11 percent for nickels, 6-7 percent for quarters, 4 percent for dollars and 3....

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