Quote:
Originally Posted by porchy44
We know pools are commingled. Say you hit a 10,000 trifecta at Podunk downs. How do tracks and ADW's distribute money among themselves ?
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And if you do play/hit big through an ADW, unless you have your own loophole, expect to be paying taxes.
Anything over 10K is supposed to be an auto CTR.
Even if they give you a break somehow, if you put a 10K check into the bank it
will trigger a CTR and probably a short interview. If you try to avoid that (or just happen to win 9K this week and 2k next week) you will almost certainly get a 'SAR' (only slightly better for your than SARS virus if you think you are tax exempt).
Same thing with a voucher at a simulcast. Supposedly you could juggle a little more there, but I would never advise it.
In just the recent past, W-2Gs have been greatly reduced, but in case you plan on doing some big action play, have a plan.