A warning if you play a poker tournament at the Borgata Casino in Atlantic City.
On Sunday I finished 2nd in a tournament at the Borgata to win $1,158. I was somewhat shocked to find they insisted on taking 32% tax off my winnings. I know this is the case if the win is over a certain figure but this was below that amount. After arguing with them (for some time) it became clear this was their policy and not the state law.
The previous day I won a tournament at Showboat casino for $810 and the day before that at Bally's casino for $2,200, neither of these winnings were taxed. If it was the law they would have been.
The Borgata basically discriminate against none american players and if you win even $60 in a tournament thy will tax you on the profit (i.e. winnings less buy in). The casino was really nice and it was good to play in a venue I have seen many times on the TV but I would never play there again, it is just not worth it if they deduct the tax from you.
I make this post for your information if you intend to play in Atlantic City.
I do not know if it is legal for them to impose this policy but they are basically saying none american players at low level tournaments will be penalised for a high percentage of their earnings. I assume I can claim the tax back but only by completing an american tax return, is it worth it for the small tax deductions, bearing in mind you will receive a $ cheque back which then has to be banked?
I am posting this on all my forums, if i knew this before I played there I would have chosen to play elsewhere instead, so I am making this information available to you here.
Shame on you Borgata.
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