Will they adjust pay tables in 2026?

[SLaPiNFuNK]

Rob, do you even understand what this post by Druff means? It means that everything you say and repeat about your play is out the window! And it wasn't just Druff. PositiveVariance did a forensic analysis and came to the same conclusion that your picture was running on a computer screen. and was not an actual VP machine. There was a "curser" on your phony jackpot picture for God sakes. Notice no curser on REAL pictures like slappyfunk posts.

If you also remember, in that same thread he posted a phony video poker big hit which turned out to be running on a Windows machine at home.

That was a picture of a picture if I recall...

[MisterV]

Rob, do you even understand what this post by Druff means? It means that everything you say and repeat about your play is out the window! And it wasn't just Druff. PositiveVariance did a forensic analysis and came to the same conclusion that your picture was running on a computer screen. and was not an actual VP machine. There was a "curser" on your phony jackpot picture for God sakes. Notice no curser on REAL pictures like slappyfunk posts.

If you also remember, in that same thread he posted a phony video poker big hit which turned out to be running on a Windows machine at home.

That was a picture of a picture if I recall...

So it is claimed by the sleuths on this board...note the little white line (cursor?) in the upper right corner.

But I suspect Rob can explain it away...

[kewlJ]

So it is claimed by the sleuths on this board...note the little white line (cursor?) in the upper right corner.

But I suspect Rob can explain it away...

Of course he can!

Remember the explanation for the RV picture. Well there were several actually. First he said it was his RV and was at the dealership for repair of a flat tire.

Later he changed his story to yes that was not his RV, but his was identical to it, but was across town in storage, so rather than drive 30 minutes, he just stopped by the RV dealership and took a picture in an Rv that wasn't his.

If Rob were trying to be funny with these things, like 3 signatures on a bill of sale for an RV being in the exact same handwriting, it would be humorous. But he is not trying to be funny, he posts these things seriously trying to prove a different part of a lie and just keeps getting caught. It is a classic case of digging yourself deeper and deeper into a hole.

[kewlJ]

I will tell you what though. I am glad slapperfunky, has decided to stick around and share some gambling experiences. This place needs some new blood.

And although he is only sharing big hits, it doesn't have the feel to me that he is cherry-picking as some do. We all realize he must have plenty of losing days to offset. What is he going to do make a post that "I played tonight but hit nothing and lost $4000".

[SLaPiNFuNK]

Rob, do you even understand what this post by Druff means? It means that everything you say and repeat about your play is out the window! And it wasn't just Druff. PositiveVariance did a forensic analysis and came to the same conclusion that your picture was running on a computer screen. and was not an actual VP machine. There was a "curser" on your phony jackpot picture for God sakes. Notice no curser on REAL pictures like slappyfunk posts.

That was a picture of a picture if I recall...

So it is claimed by the sleuths on this board...note the little white line (cursor?) in the upper right corner.

But I suspect Rob can explain it away...

yes, because it was a picture taken of a picture on a screen...

we covered that...

[accountinquestion]

Good hits slap, but aren't you someone who's against this new 90% policy? Are you approaching it with the belief that it will be repealed for 2026? The politicians who want to repeal it are claiming players will not be giving the casinos the same amount of play.

Slap must do a lot of VP gambling to hit so many big hands lol.

No judgement but mostly wanted to point out the reflection in his image vs the reflection in your image, Rob.

Which one is the fake gambler and which is the real?

Spoken like a true low-roller.

Here's something to do next time you're in that town. Take your son (oh wait!....you don't have one) and $400k in cash (oh wait!....you don't have it) and go to one of the high-end properties you play at (oh wait!....you play at skin-flint joints) go into the hi-limit slot room (oh wait!....you've never been in one) get twenty $20,000 tickets made out, then tell them you'd like to play vp at $500/hand minimum and in as private an area as is allowed by policy and is possible.

Guaranteed: after trying to figure a goofy, lonely old man like you out, they'll confirm you're gonna run all of those tickets thru at least once (they're betting on you playing until much or most of or even all of your tickets will be gone) then they'll accommodate your request wherever they can.

Yes, you're having one of your wet dreams right now, but turn the porn back on and it'll all go away.

All I will say is I posted a picture of 100k in a fanny pack once and no one accused me of it being fake. You posted a safe of money and everyone was just LOLed at the nonsense with the e-bay prop money.

This is readily verifiable to anyone who cares to track down the messages.

So ........ LOL. That shit won't fly.

Never claimed to be rich but I live comfortably and given how little I've worked for others, hours, etc, I've done pretty fucking good for myself. You were a wage slave most of your life then some made up story about a double up bug where you inserted yourself into the picture years later when no one could verify it.

and lol the phyiscal photo-taking framing of your big jackpot win. You had a hard time taking the picture on just the front side without the actual machine. You neglected that fact that it reflected the rest of the room because you're too slow to notice such things.

You'd never made it outside of a government job.

[SLaPiNFuNK]

We should have an in person meet-up...

That would go over well...

[MisterV]

Do I understand this correctly?

Under the new gambling law won't pretty much ALL gamblers wind up having to pay something?

Call it a tax, call it a tariff: whatever, if anybody can only deduct 90% against winnings then it seems there would ALWAYS be money owed to the IRS if you win anything at all.

WTF?

Is this some form of back door attempt to discourage and / or stop Americans from gambling?

So Ma and Pa Kettle (non-AP's; casual gamblers) go to sin city for vacation, play slots, and have overall wins of $5000 and losses of $7000; they can only deduct / offset $4500 against their winnings and owe the IRS tax on a phantom $500, and then only if they itemize and forego taking the standard deduction?

Oh, the horror!

[SLaPiNFuNK]

Do I understand this correctly?

Under the new gambling law won't pretty much ALL gamblers wind up having to pay something?

Call it a tax, call it a tariff: whatever, if anybody can only deduct 90% against winnings then it seems there would ALWAYS be money owed to the IRS if you win anything at all.

WTF?

Is this some form of back door attempt to discourage and / or stop Americans from gambling?

So Ma and Pa Kettle (non-AP's; casual gamblers) go to sin city for vacation, play slots, and have overall wins of $5000 and losses of $7000; they can only deduct / offset $4500 against their winnings and owe the IRS tax on a phantom $500, and then only if they itemize and forego taking the standard deduction?

Oh, the horror!

Yes. That is why it is so bad...

It is mainly going to be for players who get a W2G.

So for slot / video poker: $2000 and up Wins you will owe taxes based on 10% of that if you lose...

For Table Games: If you get a progressive or greater than 300x payout you get a W2G

For Poker Tournaments: Cash of $5000 or more...

For Sports: I don't bet sports so I have no idea...

[DGenBen]

Do I understand this correctly?

Under the new gambling law won't pretty much ALL gamblers wind up having to pay something?

Call it a tax, call it a tariff: whatever, if anybody can only deduct 90% against winnings then it seems there would ALWAYS be money owed to the IRS if you win anything at all.

WTF?

Is this some form of back door attempt to discourage and / or stop Americans from gambling?

So Ma and Pa Kettle (non-AP's; casual gamblers) go to sin city for vacation, play slots, and have overall wins of $5000 and losses of $7000; they can only deduct / offset $4500 against their winnings and owe the IRS tax on a phantom $500, and then only if they itemize and forego taking the standard deduction?

Oh, the horror!

Yes. That is why it is so bad...

It is mainly going to be for players who get a W2G.

So for slot / video poker: $2000 and up Wins you will owe taxes based on 10% of that if you lose...

For Table Games: If you get a progressive or greater than 300x payout you get a W2G

For Poker Tournaments: Cash of $5000 or more...

For Sports: I don't bet sports so I have no idea...

Since you have a handle on the new tax law changes have you ever considered being a tax preparer, maybe specialized in gambling taxes?

[SLaPiNFuNK]

Do I understand this correctly?

Under the new gambling law won't pretty much ALL gamblers wind up having to pay something?

Call it a tax, call it a tariff: whatever, if anybody can only deduct 90% against winnings then it seems there would ALWAYS be money owed to the IRS if you win anything at all.

WTF?

Is this some form of back door attempt to discourage and / or stop Americans from gambling?

So Ma and Pa Kettle (non-AP's; casual gamblers) go to sin city for vacation, play slots, and have overall wins of $5000 and losses of $7000; they can only deduct / offset $4500 against their winnings and owe the IRS tax on a phantom $500, and then only if they itemize and forego taking the standard deduction?

Oh, the horror!

Yes. That is why it is so bad...

It is mainly going to be for players who get a W2G.

So for slot / video poker: $2000 and up Wins you will owe taxes based on 10% of that if you lose...

For Table Games: If you get a progressive or greater than 300x payout you get a W2G

For Poker Tournaments: Cash of $5000 or more...

For Sports: I don't bet sports so I have no idea...

Since you have a handle on the new tax law changes have you ever considered being a tax preparer, maybe specialized in gambling taxes?

are you being sarcastic?

I mean,,, owning a business you basically have to be a bookkeeper / accountant...

[mickeycrimm]

Do I understand this correctly?

Under the new gambling law won't pretty much ALL gamblers wind up having to pay something?

Call it a tax, call it a tariff: whatever, if anybody can only deduct 90% against winnings then it seems there would ALWAYS be money owed to the IRS if you win anything at all.

WTF?

Is this some form of back door attempt to discourage and / or stop Americans from gambling?

So Ma and Pa Kettle (non-AP's; casual gamblers) go to sin city for vacation, play slots, and have overall wins of $5000 and losses of $7000; they can only deduct / offset $4500 against their winnings and owe the IRS tax on a phantom $500, and then only if they itemize and forego taking the standard deduction?

Oh, the horror!

This is where a lot of people get tangled up. You discount 10% from your losses, then on the tax form subtract losses from your winnings.

If you had $1000 in losses, subtract 10% to $900.

If you had $900 or lower in winnings you owe zero tax.

If you had $1000 in winnings you owe tax on $100.

[mickeycrimm]

There is a bill in the senate and a bill in the house to kill the new tax law.

We have to support the one in the house, Fair Bet Act. Because its the only one that supports language in the BBB that allows yearly sessions.

[SLaPiNFuNK]

[QUOTE=mickeycrimm;206974]

This is where a lot of people get tangled up. You discount 10% from your losses, then on the tax form subtract losses from your winnings.

If you had $1000 in losses, subtract 10% to $900.

If you had $900 or lower in winnings you owe zero tax.

If you had $1000 in winnings you owe tax on $100.

this is wrong... this is where the problem is with the new bill for 2026... (which is active now)

You can only write off up to 90% of your losses, in other words 10% of your winnings are automatically taxable now...



Example:

$1 video poker player hits $4000 royal.

2025 Rules: Player breaks even, or loses a little for the year... Player is not taxed on the win...

2026 Rules: Player breaks even, or loses a little for the year... Player is taxed on $400 of that win.



That is where the problem is.

[SLaPiNFuNK]

Where it gets more complicated....

So you buy into the world series of poker...

$10,000 main event. Min cash for $15,000

you pay taxes on the 5,000 profit right? no... you can only write off 90% of your losses, your loss is your buy-in expense... so you are actually paying tax on $6000...



So say you are a video poker and have $100,000 of W2G's but you only have $10,000 profit for the year... Are you paying taxes on $10,000? No! You can only write off 90% of your losses remember so you are paying taxes on $20,000.

That same player with $100,000 of W2Gs shows a loss for the year, they are still paying tax on $10,000 of "winnings" even though you have a loss...


Say you are a high limit poker tournament player... you have $1,000,000 in buyins. You cash for a total of $1,100,00 making $100,000 for the year.
2025 - you pay taxes on the $100,000 profit
2026 - you pay taxes on $100,000 profit plus 1,000,000 - 90% = 100,00... $200,000 of "income"

[coach belly]

It seems like we are getting quite a bit of conflicting information on this tax subject.

Not that it's too much information, but it's the same conflicting information repeated many times.

Any chance of getting a single definitive explanation about this, or at least a forum consensus explanation?

[MisterV]

I'd like to get the hound's take on the new law, given the fact that he claims to be an attorney and a very high limit player.

Of all of us he seems most likely to get reamed the worst by the new law.

I suspect the easy thing would be to report zero wins or losses assuming you have received no W-2G's: but what if folks are moral and don't want to cheat on their taxes?

This new law will certainly give them an incentive to cheat on taxes for 2026.

[coach belly]

I'd like to get the hound's take on the new law

Logbooks, Schmogbooks...he has people for that.

[MisterV]

I'd like to get the hound's take on the new law

Logbooks, Schmogbooks...he has people for that.

LOL

No doubt.

But he must be concerned: just hoping to get his take.

Can you imagine winning many millions and then having to pay tax on 10% of the total winnings?

Hopefully he's found a loop hole, an end run he can share with the group.

Otherwise...well, just say "He's well and truly fucked."

[SLaPiNFuNK]

I'd like to get the hound's take on the new law

Logbooks, Schmogbooks...he has people for that.

LOL

No doubt.

But he must be concerned: just hoping to get his take.

Can you imagine winning many millions and then having to pay tax on 10% of the total winnings?

Hopefully he's found a loop hole, an end run he can share with the group.

Otherwise...well, just say "He's well and truly fucked."

It's the losers and breakeven players that suffer from this most.

Small edge winners who are winning by stealing toilet paper and living off free food will be suffering too.