AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
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April 30th, 2020 at 10:36:02 AM permalink
Let me clarify the situation facing professional gamblers.

The media spokesperson of the Nevada Unemployment Dept responded to a,question from the Las Vegas Review Journal and said professional gamblers qualified for the NEW unemployment funds available to the self employed.

Meanwhile the State unemployment insurance website still hasnt started accepting applications from the self employed.

We don't know what the requirements are for professional gamblers, but it would seem to me that if you file a Schedule C you'd be qualified as a,self employed gambler.
TonyTwoEyes
TonyTwoEyes
Joined: May 1, 2020
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May 1st, 2020 at 4:21:08 PM permalink
What is the Sports Betting KIOSK situation? Any chance there might be a few open on May 15 or May 16? NASCAR has a bunch of races starting on May 17th. It seems entirely reasonable that betting kiosks could be used while still maintaining social distancing. Does anyone have any thoughts? Is this just a degenerate pipe dream or do I have a shot to bet NASCAR on May 17th?
Can I get some drink tickets with that bet?
tringlomane
tringlomane
Joined: Aug 25, 2012
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May 1st, 2020 at 4:29:58 PM permalink
Quote: TonyTwoEyes

What is the Sports Betting KIOSK situation? Any chance there might be a few open on May 15 or May 16? NASCAR has a bunch of races starting on May 17th. It seems entirely reasonable that betting kiosks could be used while still maintaining social distancing. Does anyone have any thoughts? Is this just a degenerate pipe dream or do I have a shot to bet NASCAR on May 17th?



They aren't going to open casinos just for sports betting kiosks. That would be a gigantic waste of money. If you want to bet these sports when they resume, get a sportsbook app and bet on your phone. I know Indiana lets you bet on soccer in Belarus online where the league is running and the country is basically ignoring the virus.
TonyTwoEyes
TonyTwoEyes
Joined: May 1, 2020
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May 1st, 2020 at 4:33:42 PM permalink
I was going to do the mobile app thing but William Hill said I need a sports book open to activate it for the first time.
Can I get some drink tickets with that bet?
tringlomane
tringlomane
Joined: Aug 25, 2012
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May 1st, 2020 at 4:47:02 PM permalink
Quote: TonyTwoEyes

I was going to do the mobile app thing but William Hill said I need a sports book open to activate it for the first time.



Oh dang. I forgot about that requirement in NV. Indiana doesn't require that. Sorry about that. You unfortunately might be out of luck for the time being then. :(
racquet
racquet
Joined: Dec 31, 2014
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May 1st, 2020 at 5:24:37 PM permalink
Quote: AlanMendelson

Let me clarify the situation facing professional gamblers.

The media spokesperson of the Nevada Unemployment Dept responded to a,question from the Las Vegas Review Journal and said professional gamblers qualified for the NEW unemployment funds available to the self employed.

Meanwhile the State unemployment insurance website still hasnt started accepting applications from the self employed.

We don't know what the requirements are for professional gamblers, but it would seem to me that if you file a Schedule C you'd be qualified as a,self employed gambler.



Don't know what NV will come up with but in my state the application required that you provide them with a line item from your Schedule C (I'm self-employed and file a Sched C every year). Here they based my UI on that number, on top of which I got the CARES ACT $600. The normal rules don't apply ("Are you available to work? Are you looking for work?... and so on).

Self-employed people still cannot file for PUP (I think that's what they call it - Pandemic Unemployment Program. Geesh. Regular unemployment is an up-and-running system. Overrun right now with applicants, but that's only a function of volume. In my state they started taking applications on 4/6 and I got my first check a week ago.

Hang in there.
megapixels
megapixels
Joined: Feb 5, 2011
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May 1st, 2020 at 7:13:50 PM permalink
Quote: AlanMendelson


Let's not ignore the "burn rate" of the casino companies. The companies themselves are losing millions a day.



In order for someone to lose millions a day, somebody else has to make millions a day. Think about that...
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
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May 1st, 2020 at 8:46:36 PM permalink
Self employment is just that, you employ yourself. That means paying taxes, both the employee and employer share. Professional gamblers who conveniently forget to pay taxes on their income are not entitled to entitlement benefits like unemployment, which are based on the declared and taxed income. I can't offer much sympathy to professional gamblers who never paid taxes who are denied unemployment.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
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Thanks for this post from:
petroglyph
May 1st, 2020 at 8:46:40 PM permalink
Self employment is just that, you employ yourself. That means paying taxes, both the employee and employer share. Professional gamblers who conveniently forget to pay taxes on their income are not entitled to entitlement benefits like unemployment, which are based on declared and taxed income. I can't offer much sympathy to professional gamblers who never paid taxes who are now singing the blues about being denied free-rolling unemployment.
It's not whether you win or lose; it's whether or not you had a good bet.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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May 2nd, 2020 at 4:35:50 AM permalink
Quote: racquet

This is not a political statement.

Here in the Northeast, taxing casino revenue is a significant, substantial source of state revenue, perhaps more so than anywhere else (don't have figures to back it up, I just assume so).

It will be interesting to see how social distancing rules, which mitigate strongly against casinos, along with the inherent unsanitary condition of casino chips and slot machine touchscreens, are balanced against the never-ending need for state revenue.

The moral imperative of state governors to keep people safe is going to come slap up against the salary, pension and benefit needs of state employees, pensioners, and school teachers.

I wonder what kind of carve-out will be set in place for casinos, regardless of the color shown on the map of each state. I don't think red and blue will matter. Green, however, for sure.

If a casino is large enough and busy enough, I can't see how they can possibly keep up with wiping machines and everything else that's needed to be wiped down.

I hear some casinos are going to go to a cashless system where money is added to your players card and then you use that like a debit or credit card. Perhaps something similar to how the online casinos in Atlantic City work. This will not be good for Advantage players. Then again, it could present some other opportunity's but I'm not too hopeful on that.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪

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