Phil,
I'm not a tax attorney or cpa but i have a good amount of experience dealing with this. It is 1199 not 2000, for the w2g and state taxes are automatically deducted(for which you cannot claim a loss against) Which makes it confusing if you have multiple signers from multiple states, having to file in every state. You then have the option of allowing the casion to take out the withholding tax. Your right it does raise an audit flag, but so do other things and if your winning enough money for it to raise a flag, then its a good thing not a bad thing. Audits aren't that bad(minus the time consuming numbing bull **** that the irs puts you) through and as long as your on the up and up youll be fine. As far as the adjusted income, your right and thats completely crap. I dont agree with the IRS at all on a many gambling propositions and how they tax it. In my view, they shouldn't tax it at all as the money has already been taxed once.

So what is the Answer?
 

Will this be uniform everywhere? Will my NYC OTB phone account start doing the same thing? Will my NJ Bets account also begin to do the same thing? Are the other sites like express bet and you bet handling this the same way now or is this strictly a NYRA thing? Betting at the windows are going to be a blast on Saturday if that is the only way to avoid this nonsense.

well if the others are not doing it wont NYRA One be screaming bloody murder? If they are the only ones doing this then they are at a severe disadvantage. Can NY residents use Bris/youbet?

well i'm new jersey so i'm not even supposed to be using nycotb or nyra one over the phone, that is why i have a nj account also...i am only supposed to use my ny accounts from inside the state of ny...lunacy

I should be so lucky:eek:

NYRA is running scared, given their history, the current governor and the status of their franchise. That is the sum total of the situation.

What exactly is the current status of their franchise?