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A Win For Horseplayers as IRS Reporting Rules Are Modernized

Betting window at Saratoga Race Course in Saratoga Springs, NY 8.12.2003

Implementation begins Thursday at Canterbury Park It was announced Monday that the long-awaited change in IRS reporting and withholding of pari-mutuel winnings was a reality. Finally the entire amount of a player’s same-pool wager will be taken into account when determining whether winnings result in a “signer” or not. For example, prior to this important […]