Lucky player won $80,000

Manne · #1 (**permalink**) 06-26-2007, 08:12 PM

Online casino group, Jackpot Factory, has announced that a Canadian VIP player on its First Web Casino at http://www.ixgames.com/first_web_casino/ , won $80,000 on the Double Double Bonus Ten Play Power Poker video poker game.

Read more: $80,000 Online Casino Win

cassy · #2 (**permalink**) 06-27-2007, 01:06 AM

It's cool that he won this money. I am just curious, how much will he have to pay in taxes. Probably about half. That still amounts to 40 grand!

Hotwriter · #3 (**permalink**) 06-27-2007, 08:12 PM

Yeah they take alot of taxes out of a win like that. Its like you really didnt even win anything for real.

Manne · #4 (**permalink**) 06-28-2007, 01:00 PM

The rules that an online gambler must follow to correctly report his or her taxes can get frustrating. The regulatory world is based on the real (brick and mortar) world, not the online world. There are many places where a gambler can make mistakes. I strongly urge that online gamblers consult a professional tax advisor to make sure that they don't end up going down the wrong path.

Hotwriter · #5 (**permalink**) 06-28-2007, 09:09 PM

I wonder how that works since you dont give your social security out or anything. Or do you?

cassy · #6 (**permalink**) 07-01-2007, 06:27 AM

I would think you would have to for identification.