The Mystic Gambler

Casino Gambling Tips and Information

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

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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. [Read more…] about Slots Jackpot Tax Threshold Should Be $5K Nationwide, Nevada Lawmaker Says

Two Huge Jackpots Within Hours For Maryland Woman Wins Lottery And At Casino

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The facsimile check from the Maryland Lottery to a winner for $100K, pictured above. The same lucky player, Chicklet, won $11K at a casino just hours before purchasing the lottery ticket. (Image: Maryland Lottery)

The first payout wasn’t enough for the would-be double winner, [Read more…] about Two Huge Jackpots Within Hours For Maryland Woman Wins Lottery And At Casino

IWG’s eInstant Progressive Jackpots Award Record Prizes

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The provider of eInstant games for lotteries, Instant Win Gaming (IWG), confirmed that since the start of the year, multiple record progressive jackpot prizes were awarded. The company said in a statement released Thursday that the Virginia Lottery, the New Hampshire Lottery, as well as the Michigan Lottery, had a stellar start of the year, awarding record-setting progressive jackpot prizes for the first two months of 2023. [Read more…] about IWG’s eInstant Progressive Jackpots Award Record Prizes

European Poker Tour Main Event Crowns First Romanian Winner

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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 [Read more…] about European Poker Tour Main Event Crowns First Romanian Winner