Slots Jackpot Tax Threshold Should Be $5K Nationwide, Nevada Lawmaker Says

Slots Jackpot Tax Threshold Should Be $5K Nationwide, Nevada Lawmaker Says

 

Dina Titus, slots, tax reporting
Democratic US Rep. Dina Titus, above. Her bill would update the 46-year-old reporting threshold on slot jackpots and ensure that it rises with inflation. (Image: Roll Call)

US Rep. Dina Titus (D) believes the current system is anachronistic, claiming it’s burdensome to casinos, customers, and the IRS.

The existing reporting policy was established in 1977, but someone forgot to index it for inflation. According to DollarTimes.com’s inflation calculator, $1,200 would be $6,120 in today’s money.

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European Poker Tour Main Event Crowns First Romanian Winner

European Poker Tour Main Event Crowns First Romanian Winner

 

From PokerStars Razvan Belea after winning the EPT Paris Main
Razvan Belea after winning the EPT Paris Main Event. He became the first Romanian to win an EPT Main Event. (Image: Rational Intellectual Holdings via PokerStars)

Razvan Belea, a poker player, simply needed $530 and some extra spending money to become a billionaire and make history. He took the PokerStars European Poker Tour (EPT) Main Event for €1,170,000 (US$1.23 million), being the first Romanian to do so.

He got his place in the tournament via a PokerStars internet satellite, and the ensuing trip to Paris, France was well worth it. There were 1,606 entries for the €5,300 (US$5,593) main event, and it was the Romanian who outlasted them all.

According to The Hendon Mob, it was Belea’s greatest pay to date, as he previously earned only roughly $140K in live earnings after a decade on the circuit. The victory propelled him into

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Jackpot: Magnolia Bluffs Casino Slot Player Wins $1.1M in Mississippi

Jackpot: Magnolia Bluffs Casino Slot Player Wins $1.1M in Mississippi

A Mississippi woman hit over $1.1M while playing a slot machine at the state’s Magnolia Bluffs Casino Hotel on Sunday.

Magnolia Bluffs Casino
Magnolia Bluffs Casino, pictured above. A player at the Mississippi gaming property hit $1.1M on a slot machine. (Image: Magnolia Bluffs Casino)

The lucky player was identified as “T. Quarles” of Brookhaven. The total hit was $1,111,759.20.

She wagered $3.75 on a Buffalo Grand game at the Natchez gaming property.

When asked about the win, Quarles said, “Give to others generously and the Lord will give back to you.” 

She went to the casino with some friends.

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