Quote: ChumpChange
BTW, those $10,000 CTR's could probably be raised to $75K based on inflation over the last several decades.
I would think just the opposite. Because people use less cash these days I wouldn't be surprised if they lowered it for Anti-Money laundering reasons.
https://www.10news.com/news/local-news/man-wins-more-than-1-6-million-from-penny-slot-at-local-casino
Quote: darkozThat's the same in NYS
EDIT: think I read that wrong. You saying no one can win MORE than $600 or that is the jackpot trigger?
Cannot win more. (Corrected to $800 by CrystalMath---Thanks!)
Quote: DRichWhy would the IRS want to lower it? They want as much income reported as possible.
IRS is part of the executive branch, they simply enforce the laws that the legislative branch enacts. In a Democracy of the people and for the people, the lawmakers work for their constituents. That is why the IRS would change it. Of course most people believe American democracy is not for the people, but instead whatever can be sold to the highest bidder.
Another minor thing is that of course player tracking with cards isn't 100% accurate, but it's a factor to consider. When the W2G thing first came out I'm sure there were no tracking systems whatsoever. It's not like the government can't request individual players win/loss if they wanna look into someone further.
Overall I think the amount is way too low today.
Quote: billryanDo the casinos routinely grant access to players records? Could the government search players clubs and match social security with dead beats or people on welfare? I know states supply casinos with social security numbers to seize the winnings, but does the casino allow fishing expeditions?
In NYS its reactive, not proactive.
Deadbeat could play for 10 years, then bam jackpot and ss first verified.
Players clubs dont even ask for ss at signup.
Plus after winning a jackpot, deadbeat can return to gamble without penalty until he either a) wins another jackpot or b) satisfies the debt collection
Quote: darkozIn NYS its reactive, not proactive.
Deadbeat could play for 10 years, then bam jackpot and ss first verified.
Players clubs dont even ask for ss at signup.
Plus after winning a jackpot, deadbeat can return to gamble without penalty until he either a) wins another jackpot or b) satisfies the debt collection
Player's Club SHOULDN'T ask for SS at signup. That's just asking, no, BEGGING for identity theft problems.