Archive for the ‘Lightning Link Slot App’ Category

Wynn Recommends Changes to Massachusetts Gaming Laws

Monday, March 2nd, 2020

Wynn Recommends Changes to Massachusetts Gaming Laws

Steve Wynn desires Massachusetts to make some gaming law changes (Image: Nancy Lane/Boston Herald)

Steve Wynn nevertheless has a fight on his hands in terms of finding a casino permit for his proposed casino in Massachusetts, but who hasn’t stopped him from commenting on what their state must do with its current gaming laws. Wynn has suggested several modifications to the state’s gaming regulations, including one that would benefit players greatly if it were passed away.

Gaming Law 2.0

The suggestions from Wynn arrived throughout a stop by at Boston a couple of weeks ago, when he previously a meeting with lawmakers about parts of the gaming legislation that could be revisited. Perhaps the most one that is pressing to do with exactly how gambling winnings were become taxed more specifically, the amounts over which casinos themselves would need certainly to collect taxation before gamblers even left the building.

During the moment, Massachusetts law asks casinos to force gamblers to cover state tax on any winnings over $600 before they leave the casino. The concept isn’t unique: most states with casino or racetrack gambling have a threshold over which income tax must immediately be collected, and also Native casinos that are american-operated achieve this for larger wins.

But the $600 threshold is currently the lowest in the nation, beating out Iowa’s $1,000 standard and the $5,000 utilized in other states (the sta (more…)