Thread: poker tournaments may be a thing of the past
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Old 08-31-2007, 05:12 PM
Franchise 60 Franchise 60 is offline
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Default Re: poker tournaments may be a thing of the past
[ QUOTE ]
I'm not sure the casino has to deduct the buy-in as those are expenses. If they deduct the buy-in, then they would, also, need to collect additional money from sat winners.

Play a sat for $1,000...win a $10,000 seat. Get taxed 25% on $9,000 or $2250? That will go over like a led zepplin.

[/ QUOTE ]

Why would they deduct additional money from sat winners? Sat winners are still paying 10k, if they choose to they could pocket that money.
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