Jake Cody plays roulette
Jake Cody instead of saying ALL IN said ALL ON BLACK for his $60,000 poker winnings. ONE roll, casino manager watching with bated breath.... the ball fell into a red slot then bounced one and landed in a black one where it remained.
PS: April 3 thru 18 (2018) has a three million dollar poker event at Seminole Hard Rock in Fort "liquordale" Florida.
If the latter, he might have avoided a W-2G (almost said 1099-G there, which is a state income tax refund, which I didn't get for the second year running, cheap lousy ripoff California Franchise Tax Board), since it is issued for a poker win of $5000 or more after the buy-in is subtracted, but not on an even-money roulette bet.
Of course, since it was over $10,000, he still has to go through RICO processing, so there's a Federal record of the transaction, not to mention the fact that, even though he may not have gotten a W-2G, his winning was widely advertised, so it would be an easy matter of the IRS calling him to the carpet if he forgot to declare it.
Quote: ThatDonGuyHmmm...did he actually get the money and then make the bet, or did he ask the casino if he could make it "double or nothing" on black?
If the latter, he might have avoided a W-2G (almost said 1099-G there, which is a state income tax refund, which I didn't get for the second year running, cheap lousy ripoff California Franchise Tax Board), since it is issued for a poker win of $5000 or more after the buy-in is subtracted, but not on an even-money roulette bet.
Of course, since it was over $10,000, he still has to go through RICO processing, so there's a Federal record of the transaction, not to mention the fact that, even though he may not have gotten a W-2G, his winning was widely advertised, so it would be an easy matter of the IRS calling him to the carpet if he forgot to declare it.
He did it in the UK. There is no tax to worry about here.
He had the management accept his trophy as a virtual chip. The casino manager spun the ball for him. It's all on youtube.
Quote: ThatDonGuyHmmm...did he actually get the money and then make the bet, or did he ask the casino if he could make it "double or nothing" on black?
If the latter, he might have avoided a W-2G (almost said 1099-G there, which is a state income tax refund, which I didn't get for the second year running, cheap lousy ripoff California Franchise Tax Board), since it is issued for a poker win of $5000 or more after the buy-in is subtracted, but not on an even-money roulette bet.
Of course, since it was over $10,000, he still has to go through RICO processing, so there's a Federal record of the transaction, not to mention the fact that, even though he may not have gotten a W-2G, his winning was widely advertised, so it would be an easy matter of the IRS calling him to the carpet if he forgot to declare it.
It’s not RICO. It’s Form 8300.
