Tax evasion at the casino.

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najisami

najisami

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From my experience and what I know so far, cashing $10K or more in a live casino is subject to taxation in the USA (At least).

But don't the government know that people can easily avoid paying that tax by dividing their money and cashing it in parts?

I'm talking about winnings at table games, it could be several tables, so the casino cannot track them.
(Winning a poker tournament is another story, a different topic).
 
When I manage to earn that amount and I am going to withdraw it, I will tell you how I did it to circumvent the law. 👍😂
 
casinos are on the look out for "smurfers" so if you are feeling smurfy know the casinos are looking for you.

Its not hard to tell if you are doing multiple transactions a day, or doing transactions at $ 9999 etc.

They also publish things like who won what tourney, so its a dangerous game to play.
 
najisami said:
But don't the government know that people can easily avoid paying that tax by dividing their money and cashing it in parts?
Click to expand...
You're wrong. All transactions are tracked, literally all of them. They will know for sure whether you are within or outside the limits.
 
as Ruslan said it's not an issue for me ! if i did score a win that big , say from a poker jackpot , i'd gladly pay the taxes .
 
I think that’s where people can get the wrong idea about the $10K figure. It’s not like you can just split a big cash-out into smaller amounts and fly under the radar. Casinos have reporting and recordkeeping requirements, and multiple transactions can be aggregated when they know they involve the same person. Personally, I’d rather keep everything above board than risk turning a win into a legal headache.
 
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