1) The last several years the Wynn has held $400 & $500 SURVIVOR tournaments every week during the summer. This year they have no survivor tournaments. I'm REALLY disappointed as I am planning on going to LV for the first time and wanted to play several survivors. For those who don't understand, survivors are generally 1 in 10 people win 10x the entry towards pool. So for $550, 1 in 10 people win $5000. Why would you prefer a survivor? No taxes if under $5000 net.
If you net $5000+ you have to pay taxes and are given a W2, which is BS if you're not a professional. When I final tabled a 3 day $600 event, I was paid $11k. I had to pay the fed over $2000 of that and 5% to connecticut (happened at foxwoods). With 15-20% rake AND 25% to income taxes for top payouts, tournaments are stupid to play unless you truly are a professional gambler.
ABSOLUTELY FUKKING IRATE AT THE WYNN.
2) On a side note, does the Rio have facial recognition? Caesars properties on east coast do not and I want to play the juicy cash games at the WSOP.
If you net $5000+ you have to pay taxes and are given a W2, which is BS if you're not a professional. When I final tabled a 3 day $600 event, I was paid $11k. I had to pay the fed over $2000 of that and 5% to connecticut (happened at foxwoods). With 15-20% rake AND 25% to income taxes for top payouts, tournaments are stupid to play unless you truly are a professional gambler.
ABSOLUTELY FUKKING IRATE AT THE WYNN.
2) On a side note, does the Rio have facial recognition? Caesars properties on east coast do not and I want to play the juicy cash games at the WSOP.