betting-strategy

Do You Have What It Takes To Play Professional Poker?

For almost all of us, a day or evening in the casino, or even a trip of a few days, is a nice break from everyday life. We’re excited for the wins when they come, but we know that more often than not, we’re going to be paying for the day’s entertainment.

But there are a few who dream of playing professionally. When I hear from them, I always urge caution. Take the video poker player who emailed recently to say, “I can usually get a royal flush every 30 days. I can be a professional player? I play video poker every day.”

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The IRS And Your Jackpot

The Internal Revenue Service has proposed changes to federal tax requirements on that could triple the amount of paperwork when we win big on slots, video poker and other electronic casino games. In one proposal, you’d still have to sign form W-2G on any jackpot of $1,200 or more, but also would require casinos to use their player tracking systems to trigger tax forms on cumulative winnings of $1,200 or more above losses in one day.

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