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Title: my new years resolution is to cut back going to the casino Post by: staz on January 02, 2012, 02:40:24 AM i just looked at my win/loss statement from 2011 and it so makes my stomach turn........ :60- :60- :37- :37-
Year Month Slot Table Racebook Keno Total 2011 January -2089.00 300.00 .00 .00 -1789.00 2011 February -3296.00 100.00 .00 .00 -3196.00 2011 March -3565.00 .00 .00 .00 -3565.00 2011 April -540.00 .00 .00 .00 -540.00 2011 May -2971.00 .00 .00 .00 -2971.00 2011 June 2476.00 -100.00 .00 .00 2376.00 2011 July -410.00 .00 .00 .00 -410.00 2011 August -1340.00 .00 .00 .00 -1340.00 2011 September 9945.00 .00 .00 .00 9945.00 2011 October -4565.00 -80.00 .00 .00 -4645.00 2011 November -1365.00 .00 .00 .00 -1365.00 2011 December -1825.00 .00 .00 .00 -1825.00 -------------- -------------- -------------- -------------- -------------- Total -9545.00 220.00 .00 .00 -9325.00 -------------------------------------------------------------------------------- * * * * End Of Report * * * * Title: Re: my new years resolution is to cut back going to the casino Post by: cowboygames on January 02, 2012, 04:00:34 AM Staz, don't lie to us. You won't quit goin' to the casinos any more than you'll quit goin' to the bathroom. Just try to spend as much time at the former as you do the latter and you'll save money :89-
Title: Re: my new years resolution is to cut back going to the casino Post by: CaptainHappy on January 02, 2012, 05:19:09 AM Staz,
That is the net number it looks like, you really want to be :50- shocked :50- look and see if they give your total COIN IN and COIN OUT? Do they give you that number? How bad was that??? :103- It will surprise you... CH :95- Title: Re: my new years resolution is to cut back going to the casino Post by: stayouttadabunker on January 02, 2012, 02:09:58 PM How in the world does a player get a win/loss statement from a casino?
You just...uh...ask them? :128- :5- Title: Re: my new years resolution is to cut back going to the casino Post by: jdkmunch on January 02, 2012, 02:12:48 PM Yes - I've done that many times -
As a matter of fact the casino I go to in PA now has the states right in the player's card. I can go to their website put my number in and see how much I've lost for the year. Title: Re: my new years resolution is to cut back going to the casino Post by: stayouttadabunker on January 02, 2012, 02:18:00 PM Cool!
So the next question in mind is: Is it tax-deductible? How does one go about it? :103- This question of course, does not apply to the free-loading illegal immigrants... :5- Title: Re: my new years resolution is to cut back going to the casino Post by: jdkmunch on January 02, 2012, 02:20:29 PM You have to win over $1,199 at one time to have taxes taken out. If you have been so lucky to hit that amount then you can collect how much you have lost from all the casinos and cancel out the taxes on the $1199
Title: Re: my new years resolution is to cut back going to the casino Post by: stayouttadabunker on January 02, 2012, 02:25:42 PM You have to win over $1,199 at one time to have taxes taken out. If you have been so lucky to hit that amount then you can collect how much you have lost from all the casinos and cancel out the taxes on the $1199 That's funny...thanks for the answer Munch! :3- I suppose the dumbest thing to do is stick in enough money to run up the credits to $1,200 and hit the cash out button to get a piece of paper? :97- Title: Re: my new years resolution is to cut back going to the casino Post by: jdkmunch on January 02, 2012, 02:27:29 PM :) it has to be one hit.
Thats why sometimes you see top Awards of 1199 Title: Re: my new years resolution is to cut back going to the casino Post by: staz on January 02, 2012, 09:42:56 PM this makes me even sicker :279- :37- :37- i did a 4 year win/loss and this is what came up......
* The information contained on this statement is a summary of records contained in Mohegan Sun's player rating system. This information is unaudited and contains estimates of gaming activity when the corresponding players' club card was utilized. Account Number xxxxxx33 Period Processed 01/2008 To 12/2011 Patron Win/Loss ($162,037.00) Loss Title: Re: my new years resolution is to cut back going to the casino Post by: PLUNGER BOY on January 02, 2012, 09:45:35 PM I hope they named a wing after you !!! :279- :279- :279- :279- :279-
Title: Re: my new years resolution is to cut back going to the casino Post by: FORDSBS on January 02, 2012, 09:53:40 PM this makes me even sicker :279- :37- :37- i did a 4 year win/loss and this is what came up...... * The information contained on this statement is a summary of records contained in Mohegan Sun's player rating system. This information is unaudited and contains estimates of gaming activity when the corresponding players' club card was utilized. Account Number xxxxxx33 Period Processed 01/2008 To 12/2011 Patron Win/Loss ($162,037.00) Loss ouch. that hurt Title: Re: my new years resolution is to cut back going to the casino Post by: staz on January 02, 2012, 10:10:37 PM i def need to stop gambleing......ill never recupe that money......
Title: Re: my new years resolution is to cut back going to the casino Post by: cowboygames on January 02, 2012, 10:20:55 PM Jeez that's a lot Staz, you gotta spend more time at home with your own machines or move further away from the casinos. I'd be in a similar boat if they were more accessible, but having my own machines has gone a long way toward killing the need to go somewhere else to play too
Title: Re: my new years resolution is to cut back going to the casino Post by: jdkmunch on January 02, 2012, 10:29:17 PM this makes me even sicker :279- :37- :37- i did a 4 year win/loss and this is what came up...... * The information contained on this statement is a summary of records contained in Mohegan Sun's player rating system. This information is unaudited and contains estimates of gaming activity when the corresponding players' club card was utilized. Account Number xxxxxx33 Period Processed 01/2008 To 12/2011 Patron Win/Loss ($162,037.00) Loss In the paper - Mohegan Sun is 1.6 Billion in debt - you officially did you part to save the casino. http://www.nypost.com/p/news/business/fun_in_mohegan_sun_in_doubt_ozNy5QCI2jEbYHQd6SLMdP (http://www.nypost.com/p/news/business/fun_in_mohegan_sun_in_doubt_ozNy5QCI2jEbYHQd6SLMdP) It's such a joke Title: Re: my new years resolution is to cut back going to the casino Post by: staz on January 02, 2012, 10:30:47 PM thats why i need to add a few more slots to keep me busy......hopefully i can get these 3 slots this year......$100 double top dollor , 1 line quik hit alpha , and i wanna build a red hotie......
Title: Re: my new years resolution is to cut back going to the casino Post by: staz on January 02, 2012, 10:36:01 PM mohigans is making money they got every damm machine in high stakes running in the mid 80%........ last week i saw this lady dump 20k in a $100 top dollor and she finally got the bonus and it gave her 3k....... thats highway robbery.....
Title: Re: my new years resolution is to cut back going to the casino Post by: jdkmunch on January 02, 2012, 10:37:20 PM I agree with you 100%
Title: Re: my new years resolution is to cut back going to the casino Post by: daddy2yea on January 02, 2012, 11:52:31 PM Thank goodness for September.
Title: Re: my new years resolution is to cut back going to the casino Post by: staz on January 03, 2012, 12:20:04 AM september was a good month hit 12500 on the $100 wheel......
Title: Re: my new years resolution is to cut back going to the casino Post by: channelmaniac on January 03, 2012, 09:28:22 PM HOLY CRAP! 162k would pay my house off.
Title: Re: my new years resolution is to cut back going to the casino Post by: CaptainHappy on January 07, 2012, 08:59:50 AM this makes me even sicker :279- :37- :37- i did a 4 year win/loss and this is what came up...... * The information contained on this statement is a summary of records contained in Mohegan Sun's player rating system. This information is unaudited and contains estimates of gaming activity when the corresponding players' club card was utilized. Account Number xxxxxx33 Period Processed 01/2008 To 12/2011 Patron Win/Loss ($162,037.00) Loss Staz, I say call your casino host and tell them that you are curious to know what your total coin in and coin out were for each year... make sure you are sitting and then post a picture of your head spinning!!! :71- :71- :71- You will be amazed what those figures are as they take into account the original stakes from you, as well as the money that you recycle while playing!!! Let us know what they say if you are still breathing! CH :95- Title: Re: my new years resolution is to cut back going to the casino Post by: staz on January 07, 2012, 09:51:36 AM Quote Staz, I say call your casino host and tell them that you are curious to know what your total coin in and coin out were for each year... make sure you are sitting and then post a picture of your head spinning!!! :71- :71- :71- You will be amazed what those figures are as they take into account the original stakes from you, as well as the money that you recycle while playing!!! Let us know what they say if you are still breathing! CH :95- lets just say in 09 i had $470,000 in slot slips.....and i still came out at a loss for the year....so coin in and out would make me puke :279- Title: Re: my new years resolution is to cut back going to the casino Post by: Slotdocsup on January 27, 2012, 08:58:06 PM I just want to say thank you. :3-
Title: Re: my new years resolution is to cut back going to the casino Post by: knagl on January 27, 2012, 10:09:33 PM So the next question in mind is: Is it tax-deductible? How does one go about it? :103- To expand on what jdkmunch said, you may deduct gambling losses only up to the total of reported gambling wins (typically wins of $1,200 or more in a single spin). You can not get a deduction for losing money at the casino, rather, you can (only) cancel out the tax liability on wins you had in the same year, if you can prove that you lost at least that much. :214- |