If there’s one government issue everyone in Nevada should be able to unite in opposition for, it’s the IRS’s new plan to tax slot winnings of half the amount currently required for reporting. At present, slot winnings must only be reported for taxes if they meet or exceed $1,200. Under the US government’s newly proposed … [Read more…]
The Florida gambling industry is reeling after courts sided with Gretna Racing in its appeal to operate slot machines at its pari-mutuel facility. The North Florida racetrack was previously denied a license to operate slots, after the public voted heavily in favor of slots in a county-wide referendum in 2012. The 1st District Court of … [Read more…]
In 2009, Florida passed a slot machines law that gave pari-mutuel facilities in Broward and Miami-Dade Counties permission to install slots. That law had a clause in it that North Florida’s Creek Entertainment Gretna, located in Gadsden County and owned by Gretna Racing, attempted to exploit by applying for a slot machines license in 2013. … [Read more…]
Texas is a vast landscape teeming with opportunities, and while many have implored the state to make casino gambling one of them, that has yet to happen. There are numerous Texas gambling bills on the table right now, but the odds of any receiving the 2/3 legislative approval necessary to bring a vote to the … [Read more…]
For nearly four decades, fans of the slot machines have been paying taxes only on winnings that equate to $1,200 or more. But now, thanks to a new proposal by the Internal Revenue Service (IRS), the threshold for taxable casino winnings could be cut in half. The IRS is proposing that casino winnings should be … [Read more…]