went and looked at the irs data on this because i wanted to know how many people are actually in the itemising group. 2023 filings reported just over 50 billion in gambling winnings with 42.7 billion in losses deducted. under a 90% cap that deduction drops to roughly 38.4 billion
so about four...
i'm not going to apologise for telling people who aren't affected that they're not affected
half this forum was about to spend a weekend terrified over a rule that doesn't reach them. that's worth thirty seconds
before everyone panics, this doesn't touch most people in here
if you take the standard deduction you never deducted gambling losses in the first place. you report your W2Gs and that's it. the 90% cap changes nothing for you because you were already deducting zero
it bites if you itemise, and...
that's the one thing he's said in two threads i actually agree with
the curve is real. the sites i tracked that went bad didn't start bad, they started generous. fast payouts, decent support, small delays creeping in around a year, then the excuses start arriving in matching wording across...
well don't enjoy it too much pal because the number doesn't say what you want it to say!
read that broke the deposit data down properly. most individual deposits are still under a hundred dollars. the bulk of the volume comes from a thin slice of high balance wallets. and three operators handle...
sure they're in it. tribal gaming authorities have filed alongside states on this and its a bigger deal than the state cases in some ways because exclusivity compacts are the whole basis of tribal gaming revenue and a federally regulated exchange routes straight round them
im not going to...
they didn't go to the supreme court though did they. they asked the full ninth circuit to rehear it, which reads to me like they don't fancy their odds at scotus with the record as it stands and they'd rather fix the ninth first
i've kept my own sheet on this for about two years, not out of cleverness, out of not being able to tell any other way
what predicts trouble isn't the score. its whether complaints share a shape. one guy waiting three weeks is a queue. eleven guys all getting told they're under enhanced review...
I did the same, different game, and I was older than you when I started. roulette sites were the obvious ones but the trading itself was the part that got me. Watching a market, timing a sale, being up or down on the week. By the time i touched an actual casino the emotional machinery was...
could be either honestly. plenty of them are still trading fine, they've just stopped being answerable to anyone. which is sort of the point people keep making and sort of not an emergency