For non professional players who don't itemize they have no gambling losses for rebates to reduce. For players who do itemize I can see the argument that cashback is a rebate reduce losses. I don't think mailed promotional freeplay is income or a rebate because it's mailed to you at the whim of the casino. It's an inducement which has no cash value until after its played. Whatever you cash out from it could be a session win. Funny how if MGM gives you 100 in freeplay and you cash out 80 of it you have an 80 win. Caesars gives you 100 in freeplay if you cash out 80 their system shows a 20 loss.
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Posted by: vpbp2002@yahoo.com
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