AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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ForagerMission146GialmerebeachbumbabsCrystalMathBozodiousgambitdjatcHunterhillrxwineRenoGamblerMichaelBluejayrdw4potus
May 14th, 2019 at 7:50:23 AM permalink
From CDC Gaming Reports:
https://www.cdcgamingreports.com/nevada-illinois-representatives-want-jackpot-reporting-threshold-raised-to-5000/

They are proposing an increase to $5K. I would hope any change would also index the number to inflation moving forward.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
billryan
billryan
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Mission146
May 14th, 2019 at 7:56:15 AM permalink
Has the government or the IRS ever introduced a person's players club data in a criminal or civil case? MGM seems to have turned over that shooters pretty quick.
rsactuary
rsactuary
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Mission146
May 14th, 2019 at 8:05:15 AM permalink
long overdue. I hope this happens.
Gialmere
Gialmere
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Mission146
May 14th, 2019 at 8:44:59 AM permalink
So 1977 gives a date missing from that earlier thread. Using an inflation calculator I get 1200 1977 dollars is equal to 5026 2018 dollars.
Have you tried 22 tonight? I said 22.
DRich
DRich
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Mission146
May 14th, 2019 at 9:37:54 AM permalink
Quote: rsactuary

long overdue. I hope this happens.



This will not happen. Just last year the IRS was trying to lower the threshold.
Living longer does not always infer +EV
billryan
billryan
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CrystalMathMission146tringlomane
May 14th, 2019 at 9:56:56 AM permalink
We just have to convince donny that it was put in place by a demoncrat and he'll do away with it with one swipe of his mighty pen.
darkoz
darkoz
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Mission146
May 14th, 2019 at 10:01:07 AM permalink
Quote: DRich

This will not happen. Just last year the IRS was trying to lower the threshold.



Thats what I was thinking.

The only possibility is that the research they did into the subject (supported by casino lobbyists) and which clearly did have an effect as evidenced by their rejection of lowering w2-g reporting has sunk in.

Too good to hope for?

Again with casino lobbyists presenting buckets of info and with this in their (the casinos) best interests maybe it could happen
DRich
DRich
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Mission146
May 14th, 2019 at 10:31:34 AM permalink
Quote: darkoz

Thats what I was thinking.

The only possibility is that the research they did into the subject (supported by casino lobbyists) and which clearly did have an effect as evidenced by their rejection of lowering w2-g reporting has sunk in.

Too good to hope for?

Again with casino lobbyists presenting buckets of info and with this in their (the casinos) best interests maybe it could happen



Why would the IRS want to lower it? They want as much income reported as possible.
Living longer does not always infer +EV
Mission146
Mission146
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May 14th, 2019 at 10:50:07 AM permalink
Quote: DRich

This will not happen. Just last year the IRS was trying to lower the threshold.



It'll happen if Congress passes a bill, but yes, I doubt the Treasury Department is going to do this of its own accord.

(LCB Editorial link forthcoming, I think I wrote something similar here within the last few years already)
Vultures can't be choosers.
AcesAndEights
AcesAndEights
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Mission146
May 14th, 2019 at 10:51:21 AM permalink
Quote: DRich

This will not happen. Just last year the IRS was trying to lower the threshold.


I'm also pessimistic, but the silver lining is that the gaming industry was able to prevent the threshold from being lowered. As darkoz said above, maybe this research into the pros/cons will sink in.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer

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