Bet on Sports
bet on sports
In vegas do they hold any taxes on winnings? If you win a 20k sports bet do they tax it?
I know they don't tax on everything. I know you personally are responsible but I have won as much as 5,000 at blackjack table and as much as 3,500 at the poker table and no W9 or taxes were withheld. I do know some casinos or places if you win over a certain amount they tax you right then and there.
So the question still remains does anyone know at what point does Vegas hold back taxes for winnings?
well i wont say i'm 100% sure if the charge taxes on anything you win in vegas. but last time i check Vegas was part of US and they charged taxes pretty much on everything. in other word.. i'll bet money they do!
maybe after certain amount they start charging taxes... double digits maybe...
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APCW Perspectives Weekly for April 10th, 2009: Industry News from David Carruthers and Party Gaming
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