vze3xykq wrote: > > > I thought the main reason for blocking international (internet) > > gambling was that Uncle Sam (or his cousin in your state) doesnt > > get to tax any winnings you might make. If you place and win > > large bets in the U.S., the IRS gets a notification when you > > cash in. > > > > Ummmm, that may be the case in Vegas but in the rest of the country 'big' > gambling is out of the eyes of the government. Of course, how gambling = > income is a whole 'nother topic. >
I've heard that if you win a bet worth more than $600 (unsure of amount) in a legal gambling situation, the house has to report it to the IRS. This includes horse racing as well as casinos, etc. There are people whose livelyhood is to cash in large racetrack bets as a service, incurring the tax liability with the IRS, for a portion of the payoff. Going to a "bookie" might let you sneack under the IRS's nose, so to speak, but it could also be extra-legal gambling. BTW, that's why casino cruisers and riverboats have been so popular. Once they go into international waters, nobody has to claim income on any country's tax records. -- Matt
