AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
  • Threads: 105
  • Posts: 3707
April 24th, 2020 at 5:58:37 PM permalink
This morning the SBA changed its rules about loans and financial grants to small gaming businesses. Previously anyone getting 30% or 50% of income from legal gambling was ineligible for help.

This opens up the chance for professional gamblers and those who employ others for gambling TEAMS to get SBA money.

Here's an article from the Las Vegas Sun about it.

https://m.lasvegassun.com/news/2020/apr/24/federal-loan-program-opened-to-small-gaming-busine/

You can now try EIDL and PPP programs.

The state unemployment dept in Nevada has already said the the self employed unemployment insurance will cover professional gamblers but the application for those benefits won't start until mid May.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 182
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April 25th, 2020 at 12:10:07 AM permalink
Sure, all you need is last years books, pay stubs for two years of payroll and much more.
This change fixes an oversight that kept some small tavern/casinos from being eligible. I don't see how this affects professional gamblers at all.
AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
  • Threads: 105
  • Posts: 3707
April 25th, 2020 at 12:48:58 AM permalink
If you have a Schedule C gambling business you can apply. If you're not a Schedule C it doesn't apply.

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