Author Topic: NY takes a pass this year on sports betting.  (Read 6011 times)

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bond

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Re: NY takes a pass this year on sports betting.
« Reply #15 on: July 13, 2018, 02:35:38 PM »
Dear Mr BOND,
    Very astute post. hopefully they will wake up and give the bettors a good deal taxwise.

Bettors don’t pay the tax. The Casinos have to. Each one has to cough up 10$million and pay crippling tax. Leaving them with not enough profit to make it worthwhile
Meanwhile the illegal bookies do a booming business and give you every opportunity to wager at best odds and offer options like credit so you bet even more!
This explains why these bookies own giant houses and cruise in luxury boats instead of the profits from gambling money going to PA citizens and the racetracks
Politicians are greedy and dumb.

The Exporter

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Re: NY takes a pass this year on sports betting.
« Reply #16 on: July 13, 2018, 02:59:32 PM »
You make some great points, Bond. Your local bookmaker will give you almost a week to pay, if you say, bet a Wednesday game. You might settle on the following Monday. The State; place your money down when you wager. If you are a good customer, you hometown bookie will give you additional time. The State; no way. Your Bookmaker will prolly by you a drink or two, when collecting. The State; yea right.
 One thing a smart bookmaker will never do is kill the cow while it is still giving milk. The state will kill you with it's tax and fees.
 One last thing, your Bookmaker will give you a Christmas card and maybe a little gift at the end of the year. The State, they will give you a W-2G.
 Help support your local Bookmaker.

PIGLAND

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Re: NY takes a pass this year on sports betting.
« Reply #17 on: July 13, 2018, 03:05:09 PM »
You make some great points, Bond. Your local bookmaker will give you almost a week to pay, if you say, bet a Wednesday game. You might settle on the following Monday. The State; place your money down when you wager. If you are a good customer, you hometown bookie will give you additional time. The State; no way. Your Bookmaker will prolly by you a drink or two, when collecting. The State; yea right.
 One thing a smart bookmaker will never do is kill the cow while it is still giving milk. The state will kill you with it's tax and fees.
 One last thing, your Bookmaker will give you a Christmas card and maybe a little gift at the end of the year. The State, they will give you a W-2G.
 Help support your local Bookmaker.
tmbz1 wait till they see the state of new York vig

Pull the Pocket

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Re: NY takes a pass this year on sports betting.
« Reply #18 on: July 13, 2018, 03:08:10 PM »
Bettors don’t pay the tax. The Casinos have to. Each one has to cough up 10$million and pay crippling tax. Leaving them with not enough profit to make it worthwhile
Meanwhile the illegal bookies do a booming business and give you every opportunity to wager at best odds and offer options like credit so you bet even more!
This explains why these bookies own giant houses and cruise in luxury boats instead of the profits from gambling money going to PA citizens and the racetracks
Politicians are greedy and dumb.

Thanks for reading MY post and realizing how stupid your post was

 

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