[vpFREE] Re: Indian Casinos and Tax Withholding

--- In vpFREE@yahoogroups.com, "5-card" <5-card@...> wrote:
>
> If you bet $1 and win $1500 it is a non W2G $1499 win for Keno. The
clip
> below is from the 2008 IRS.
>
> The winnings (reduced by the wager) are $1,500 or more tournaments)
for
> federal income tax. This is referred to as from a keno game,
>
> The winnings (not reduced by the wager) are $1,200 or more
otherwise noted.
> from a bingo game or slot machine,
>
>
>
> 5-card
>>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>>
Thanks for the explanation. I did not know that. Guess that's an
argument favoring Keno, and a reason to play 6 or fewer numbers to
ensure the top jackpot is less than $1500. I wonder why they make a
distinction between Keno and Bingo/Slots.

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