![]() Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
Recent Articles
|
Gaming Guru
Let's be fair-o to faro12 January 2004
Dear Mark, Like you, Andy, I sure would
love to see the game reappear in towns like Virginia City, Deadwood,
or on a Mississippi riverboat. So popular was the game once, that
faro could be found in just about every saloon in every Western
one-horse town. Dear Mark, All Lottery prizes are subject to federal, state and local income taxes. For U.S. citizens, state lotteries are required by law to withhold estimated taxes at the rate of 25% (federal), and each state has a certain percentage to withhold for any prize over $5,000 paid to a U.S. resident. Our friends from the North are subject to an up-front, flat, 30% estimated federal rate as well as that particular state's withholding rate. By the way, Terrence, don't think you're off the hook if your win is just under the $5,000 threshold. Winners of less than $5,000 will receive a W-2G form in January to be filed with their yearly federal, state and local income taxes. The guvmints' edge puts casinos' to shame. Dear Mark, Not a chance, Tommy. Nevada regulators forbid Nevada casinos from doing business with any Internet casino sites, or with an online site of their own where you can gamble. Nevada regulators also consider websites that take bets from Nevada and other U.S. residents to be breaking federal and state laws. Dear Mark, No kinfolk bickering needed for this one, Hector, 'cause they're both right. In Illinois, New Jersey, New York, Massachusetts and Michigan, you have a period of one year from the drawing date to turn in a winning ticket. They like to call that the "anniversary" date. In Virginia, Georgia, Texas, Washington and Ohio, the time limit really is 180 days. In Maryland, the limit is 182 days from the drawing date. (I'd ask Sis to bop right down to the pay window in no more than a week.) Gambling quote of the week: The holiday season is always a bad
time of year for amateur gambling addicts. They are weak people,
as a rule, and they are not built for grueling long-distance work.
-Hunter S Thompson Related Links
Recent Articles
Mark Pilarski |
Mark Pilarski |