Originally Posted by BDj23:
I wonder what the juice will be? I read 10% tax on all bets but I can't find much. Will you have to file a form on every win or will they just tax you when the bet is placed/cashed out?
You get nickel and dimed to death playing offshore too with btc it seems
Good lord, 10%?
JFC, you will have to clear 70% win rate to break even. [Reply]
Originally Posted by dlphg9:
These ****ing reeruns running MO just keep pissing away the chance to bring in more money. Year after year they can't get this done.
Originally Posted by BDj23:
1k isn't that big of a bet. I can't imagine paying $100 juice on that...
I knew these idiots would screw it up somehow.
That’s not even counting the vig the books are taking. You’re paying at least 20% vig on most bets. Good luck beating that, then paying income tax if you do. [Reply]
Originally Posted by BDj23:
I bet all Thanksgiving weekend long up in Iowa on Fanduel. Man, it was a silky smooth experience. I was hoping Kansas would follow order.
It’s great. Easily pay my mortgage+ each month doing this. [Reply]
Originally Posted by Jewish Rabbi:
That’s not even counting the vig the books are taking. You’re paying at least 20% vig on most bets. Good luck beating that, then paying income tax if you do.
The sad part? They will bring in MILLIONS thanks to the dumbasses that are oblivious to basic math. [Reply]
Originally Posted by Jewish Rabbi:
That’s not even counting the vig the books are taking. You’re paying at least 20% vig on most bets. Good luck beating that, then paying income tax if you do.
30% lol
What a joke. I wonder what will be the max win before you have to file a w2g form? [Reply]
Originally Posted by dlphg9:
These ****ing reeruns running MO just keep pissing away the chance to bring in more money. Year after year they can't get this done.
They just can't seem to get out of their own way on this. The whole idea that they're giving up millions in yearly tax revenue doesn't seem to make them want to move any faster on it either. [Reply]
