It's a shame. There is no gambling casino slot that has a theoretical long term loss. Makes no sense to give a W2G win statement to get money back for an amusement game. Taxes were paid on money inserted in machine. All player is getting, is his money back. It's an old rule that should be abolished, especially since gambling is all over country.
State lottery numbers? Put up a $1000 and hit a 3 digit number for $3 play and you pay taxes. Net theoretical win, negative 50%. makes no sense.
Just one persons opinion......Cheers
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Posted by: whitejeeps@yahoo.com
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