Good Bye offshore, hello Illinois Sports betting

[scavsiu8]

What a fantastic day for Illinois residents. Want to say thank you to Heritage Sports for taking care of me all these years. A+ accomdations

[bitcoinLuke]

Yeah, fantastic. You get to bet worse lines, have worse limits, and if you win pay taxes on it. Sounds like a blast

[littlekona]

Ill be at the sportsbook with my ipad and all my ofshore accounts ready to go just like i do when i go to otb or Arlington park....will be great for watching games other then that its nice to have but really no need as online blows away

[jjgold]

yes hello to betting lines 5-40 cents worse than heritage

A sucker born every minute

[michael777]

unreal how stupid so many are,STICK WITH OFFSHORE CHILDREN!!! YOU WILL GET BURIED WITH THE STATES!!

[Crusherrr]

The four people above me actually get it. People like my father in law who bet $2 on every game going each day will love doing so on legal regulated sites. Anyone with a clue, will continue betting offshore. I do worry that my money will be less safe on some of the lower rated books now though.

[tbill1]

Yeah, fantastic. You get to bet worse lines, have worse limits, and if you win pay taxes on it. Sounds like a blast

What taxes??? As I understand it, it is still wins of over $5000 or 300-1

[downsouth]

Such a garbage product and one of the most expensive to roll out yet. Good luck with that.

[StackinGreen]

Does anyone know what the Illinois books do, specifically the PointBet or Hawthorne books? Is it paperwork (for IL or IRS) if triggered only $5k net? Do they do that silly child support stuff that indiana does?

What if you have several parlay ticket winners that total over $5k, but each of them are in the low thousands? Will they try to aggregate if you cash all at one time (let's say $6k)? I just don't want to wager big if that's the case, it's not worth it to me. Thanks for any input.

[Shifty]

Does anyone know what the Illinois books do, specifically the PointBet or Hawthorne books? Is it paperwork (for IL or IRS) if triggered only $5k net? Do they do that silly child support stuff that indiana does?

What if you have several parlay ticket winners that total over $5k, but each of them are in the low thousands? Will they try to aggregate if you cash all at one time (let's say $6k)? I just don't want to wager big if that's the case, it's not worth it to me. Thanks for any input.

As far as I know there is no IRS reporting other than cashing at 300-1 or higher. 300-1 will get you a Form W2G. Large payouts under 300-1 do not get a W2G. Currency transaction report triggered at $10,000 but that's nothing to worry about.

[LongBall52]

As far as I know there is no IRS reporting other than cashing at 300-1 or higher. 300-1 will get you a Form W2G. Large payouts under 300-1 do not get a W2G. Currency transaction report triggered at $10,000 but that's nothing to worry about.

That makes sense to me.
While I'm not a slot machine player. Imagine if a player had to record every spin that won a few cents or few dollars , etc. Then deduct all the spins that paid Zero and lost. What an IRS nightmare. But what you are saying makes sense.

[StackinGreen]

So it's just like horse racing except I believe IL is asking that players pay 15% on sports gambling winnings, no?

[temple2010]

Yeah, fantastic. You get to bet worse lines, have worse limits, and if you win pay taxes on it. Sounds like a blast

Best reply on SBR in a long time- love it!!

[PharaohUB]

Even if no official document is sent to IRS unless you win over a certain amount, you'd be a complete morone to not pay taxes on your net winnings if you play online onshore. It's not like you're going up to a ticket window and walking away with cash. Everything you bet is tracked digitally in your wallet, and tied to your name. If you get audited you would be fcked. I guess you can gamble that you won't get audited. It also wouldn't shock me if more info is shared with IRS than what is required and they will know already and you might trigger an audit on yourself if you don't pay. Just my opinion. I'm up about 25k this year onshore, and I plan to suck it up and pay the 24% tax on it. I set it aside.

[themike78]

What a fantastic day for Illinois residents. Want to say thank you to Heritage Sports for taking care of me all these years. A+ accomdations

Why would you leave an A+ book for a worse one? Do you really think Heritage is going to stiff you?

[StackinGreen]

Even if no official document is sent to IRS unless you win over a certain amount, you'd be a complete morone to not pay taxes on your net winnings if you play online onshore. It's not like you're going up to a ticket window and walking away with cash. Everything you bet is tracked digitally in your wallet, and tied to your name. If you get audited you would be fcked. I guess you can gamble that you won't get audited. It also wouldn't shock me if more info is shared with IRS than what is required and they will know already and you might trigger an audit on yourself if you don't pay. Just my opinion. I'm up about 25k this year onshore, and I plan to suck it up and pay the 24% tax on it. I set it aside.

Yes, that's why we are talking about not online, indeed it is tracked by definition.

Like everything else with technology, convenience always gets people. My opinion is that going to brick and mortar and playing cash helps you win on several levels: tax, judicious plays, no chasing, etc.

[PaperTrail07]

Imagine a players card that tracks it all

That makes sense to me.
While I'm not a slot machine player. Imagine if a player had to record every spin that won a few cents or few dollars , etc. Then deduct all the spins that paid Zero and lost. What an IRS nightmare. But what you are saying makes sense.

[jjgold]

lol this kid a dummy

USA HIGH JUICE RIPOFF

[Mugsy777]

The kids just do not understand coach , they think USA is better than offshore!! They truly are nuts

[jjgold]

The kids just do not understand coach , they think USA is better than offshore!! They truly are nuts

yep fukkin idiots and losers

Yes take the free bets and cant lose promos but that is it

[littlekona]

The kids just do not understand coach , they think USA is better than offshore!! They truly are nuts

if you are a $50- $100 per night or so bettor and only play major sports in USA there really is no need for offshore. The Promo's everyday from the 6 legal books in Illinois more then compensate for the few points off on juice. Plus no crypto to worry about money in and out so easy. Its been a great add on for me the legal books total +EV Love them!!

[Dr. Fager]

Thread originated two years ago, guy has seen the light or no longer wagering. Bogged down in hoss shit here, Coach.

[nyplayer33]

There have been many issues offshore....unfortunately

[StackinGreen]

Which BTC book is the best, in and out? I'm getting sick of the tracking, or at least the appearance of it. If I go to Vegas and cash $1k to 5k total after a winning night, what happens? Nothing. I cashed a week back at this IL joint and not only do I recall them ID just to make the bet (if over $500 apparently?) they asked for the ID again to check "you aren't on a self exclusion gambling list" then take a photo of the ID.

I don't know what that fukk is typing in the computer when he's doing that. I'm not worried anything will happen, but why do I need to get tracked at all? Just pay me. I win thousands commonly, but I don't win 5 figures, for many reasons and I don't really care to anyway. Broke dikk $20-$50 bettors don't have literally anything to worry about, but I can see these asshole states etc giving me a hard time because I win. And they never let me write off losses either, what a crock.

[ChocMilk23]

Enjoy the tax man

[WireWire]

If you still don't use offshore your clueless

[jjgold]

If you still don't use offshore your clueless

of course dummies

[Daddy89]

Worst lines...

[jjgold]

[littlekona]

If you still don't use offshore your clueless

sure but if you don't use the legal books for the gift freebiee $$'s, boosts and other various promo's your just as clueless..

Does anyone know if William Hill has a desktop site avaliable to Illinois peeps? All I got is the APP and markets are horrible but I see in NJ they have tons more markets.

[Foosball Champ]

Kona, WH or any other legal book doesn't have a desk top access. At least here in Nevada.

[dculh]

You are forgetting one very important thing - he's 100% guaranteed of gettting paid if he wins. You can't say that with off shore betting. There are thousands of stories of guys getting stiffed betting on line. Yes the lines betting in states that made it legal are not that great but it's worth it for the peace of mind.

[littlekona]

Kona, WH or any other legal book doesn't have a desk top access. At least here in Nevada.

Of the 6 in Illinois only WH and Barstool dont. DK, FD, RIvers and Point all do have desktop.

[littlekona]

You are forgetting one very important thing - he's 100% guaranteed of gettting paid if he wins. You can't say that with off shore betting. There are thousands of stories of guys getting stiffed betting on line. Yes the lines betting in states that made it legal are not that great but it's worth it for the peace of mind.

I love the US options use them everyday to supplement my offshore accounts. The Promo's are just to good and they are daily at least for now. Also money in and out is 0% fee that is another huge plus. Sure crypto is great but buy/sell and miners fee add up too

[dculh]

The day it becomes legal in my state my off shore days are over. I don't care how good the lines are off shore. The peace of mind knowing 100% for sure that I will get paid is worth the extra juice.