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Old 12-13-2022, 08:18 PM   #1
delayjf
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CASH WAGERING
With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past
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Old 12-14-2022, 11:39 AM   #2
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With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past
And I'm predicting it won't.
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Old 12-14-2022, 01:37 PM   #3
Dave Schwartz
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The wager transaction fees on a $2 bet would cause a significant problem.

I think it won't come before casino buy-ins and cash outs are required to be electronic.

And casinos have a big lobby.
Plus, states' rights is on our side.
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Old 12-14-2022, 04:07 PM   #4
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With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past
doesn't anyone go to the tracks except the workers?
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Old 12-18-2022, 10:35 PM   #5
deelo
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With the IRS reporting requirements regarding PayPal Venmo etc. I'm predicting all wagers will soon be electronic - cash betting will be a thing of the past
I'm failing to understand what even remote connection you're making here, totally lost.
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Old 12-19-2022, 06:15 PM   #6
AndyC
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The wager transaction fees on a $2 bet would cause a significant problem.

I think it won't come before casino buy-ins and cash outs are required to be electronic.

And casinos have a big lobby.
Plus, states' rights is on our side.



Is there a significant problem with transaction fees on electronic wagers now?
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Old 12-19-2022, 08:44 PM   #7
Dave Schwartz
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Is there a significant problem with transaction fees on electronic wagers now?
No, but imagine what happens if EVERY BET has to be run through the system.
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Old 12-20-2022, 06:33 PM   #8
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No, but imagine what happens if EVERY BET has to be run through the system.

What percentage of bets is currently run through the system?
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Old 12-20-2022, 09:49 PM   #9
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What percentage of bets is currently run through the system?
No idea.
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