Positive TAX Ruling for Gamblers

Originally Posted by chucklestheclown

If that decision has the force of law it certainly should carry over to horseracing. It was predicated on what they came in with and what they left with. But, what if it were the Oaks/Derby Double, or I never leave my house?

That just triggered an interesting thought...what if the money is held in an ADW and no withdrawal is taken and the money is just used for more wagers. How would that be different than waiting for redemption of coins from a slot machine? Even though a player is issued a W-2G, if the money isn't withdrawn has there been any income generated?