[QUOTE=chillrob;58446518]
Quote:
Originally Posted by cltrich
This is not true for several reasons.
In most jurisdictions (likely all except for Nevada), casinos can take some of the promo money for administrative expenses.
Also BBJs and most other promos are more likely to be hit by players in smaller games where more people go further in the hands before folding. And even in a particular game, the promos are more likely to be hit by loose players than by tight ones. Both of these mean they generally benefit bad players more than good ones.
Finally, if you win a big jackpot, you will be expected to give a big tip to the dealer, or else likely get treated badly after that. And you will almost certainly have to pay taxes on your win. If you can show other gambling losses that year it may knock your taxable income down, but you can't deduct the money you lost in prior (or future) years in which you contributed to the promo fund without winning a jackpot.
You are kind of splitting hairs. I guess, so can I.
If promos are hit more by loose players because they play more hands, those loose players are also putting more money down the jackpot drop. I tip (usually 3-4%) when I win a jackpot/high hand etc., but when I don't the pot is a dollar or two smaller, so I imagine I (obviously not consciously) tip a penny (or even a fraction of a penny ) less each hand than I would if there wasn't a jackpot drop. Also, you need to pay taxes on all your winnings (minus all of your losses in a particular year), whether you get a 1099 or not.
As far as the administrative fees you mention, since the pandemic, I have played in Atlantic City, Jacksonville FL, MD, and WV. If they are deducting this kind of fee, I am unaware. I realize the fact I don't know (in part because I've never asked) doesn't mean it doesn't happen there. I'd be curious if you were aware specifically about any of these places. I guess if that happened and for example, they dropped $2 and 10% went for administrative fees, that would be equivalent to an additional 20 cents of rake.