Raising Jackpot Reporting Threshold to $5K?

I imagine most of you, or a lot of you, read CDC Gaming Reports so you probably already saw this article. Anyway, Munchkin posted a link on twitter yesterday. Two congressmen are asking Treasury to up the threshold from $1200 to $5000. Here we go again, good luck with that. One is a democrat, one is a republican. God bless them. Can't we all just get along?

Here is the link. Btw, if you don't regularly check out CDC, you should. Very informative.

https://www.cdcgamingreports.com/nevada-illinois-representatives-want-jackpot-reporting-threshold-raised-to-5000/

The request comes almost three years after the gaming industry and its congressional representatives beat back an effort by the Internal Revenue Service to lower the reporting threshold to $600.

I wasn't aware the gaming industry had any representatives in Congress. I remember Hunter Thompson used to call Scoop Jackson the Senator from Boeing.

Quote: billryan

The request comes almost three years after the gaming industry and its congressional representatives beat back an effort by the Internal Revenue Service to lower the reporting threshold to $600.

I wasn't aware the gaming industry had any representatives in Congress. I remember Hunter Thompson used to call Scoop Jackson the Senator from Boeing.

There's at least one professional gaming lobbyist out there. Ex-NV congressman named Rob Porter works for gaming. Nice.guy, seems.to be good at his job.