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Floyd Mayweather's VP Win
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asteroid
- Senior Member
- Posts: 191
- Joined: Wed Dec 29, 2010 10:36 am
Re: Floyd Mayweather's VP Win
A once in a lifetime sportsbook opportunity: Mayweather was at least a 50:1 favorite but you could get 9:2 at the sportsbooks.Mayweather hit a $25 Four Aces with a kicker for $100K!
http://www.dailymail.co.uk/news/article ... l-facebook
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pokerpokerpoker
- VP Veteran
- Posts: 556
- Joined: Mon Nov 03, 2008 12:05 am
[QUOTE=BobDancer]
You definitely do NOT want to do this in states where you cannot write off casino losses against casino wins.
Yeah that would be just brutal.[/QUOTE]
As a Hoosier, I unfortunately know this all too well. A $2k signer nets $1915.40 after taxes and a modest tip. That state tax money is gone for good. It feels great to hit a jackpot, but the thrill is lessened a bit by the taxes.
This makes a lot of the better games in the area "less playable" due to taxes - $1 TB+, $1TDB, $2QQ and most $5 (out of my league).
You definitely do NOT want to do this in states where you cannot write off casino losses against casino wins.
Yeah that would be just brutal.[/QUOTE]
As a Hoosier, I unfortunately know this all too well. A $2k signer nets $1915.40 after taxes and a modest tip. That state tax money is gone for good. It feels great to hit a jackpot, but the thrill is lessened a bit by the taxes.
This makes a lot of the better games in the area "less playable" due to taxes - $1 TB+, $1TDB, $2QQ and most $5 (out of my league).
