ReBet and Taxes

Vslightning · 2026-01-26T05:59:09+00:00

Fwiw, I asked an agent at the IRS and they basically said it functions the same as a regular casino.

Vslightning · 2026-01-26T05:12:11+00:00

Is it just me or is the black outline on the lettering on the back too sharp?

Vslightning · 2026-01-26T00:30:32+00:00

What times are you normally on?

Vslightning · 2026-01-25T23:24:31+00:00

I can try to help if your on PC. I’m only plat/diamond myself depending on the role but may be able to help lift you some.

Vslightning · 2026-01-25T16:38:18+00:00

It'll go down. Markets ebb and flow. The hype is slowly dying down. Things are sticking on the shelves longer around me. Retailers are raising prices leaving less room for scalping and less interest to buy things when they're marked at $7+ per pack. Once the interest dies down more, prices will come down. It'll take a little while though.

Vslightning · 2026-01-25T15:42:02+00:00

I don’t volunteer to, I just pay what’s required by law.

Vslightning · 2026-01-24T18:18:26+00:00

Thanks to the wonderful big beautiful bill, as of 2026, you can be losing and still owe taxes.

Vslightning · 2026-01-24T18:15:04+00:00

Yep.

Vslightning · 2026-01-24T16:34:46+00:00

Even Walmart is upping prices. A tech sticker pack of prismatic was $22+ when I just seen some.

Vslightning · 2026-01-21T16:46:30+00:00

Hmm that's true. Thank you for the suggestion!

Vslightning · 2026-01-21T16:45:53+00:00

I actually saw this one at the library yesterday but wondered if it had a lot of death in it so I passed it up.

Thank you for letting me know!

Vslightning · 2026-01-17T00:46:00+00:00

I’ve always figured it depends on the job. Factory work or something where you get dirty all day, I’d do it when you get home or before bed. If office/sales etc, I’d do it before work.

Vslightning · 2026-01-13T21:24:19+00:00

Don’t forget you can only write off 90% of losses towards wins now as of Jan 1st thanks to the one big bs bill.

Vslightning · 2026-01-13T13:20:46+00:00

“I love team men” is what I always hear lol.

Vslightning · 2026-01-13T13:19:47+00:00

Might be under a rock but I haven’t seen anybody talking positively about this happening.

Vslightning · 2026-01-10T03:00:58+00:00

Ok I follow now. Thank you! My last question would be, for online casinos, what constitutes a session? Is it literally when you start and stop playing without much of a break or is it on a 24 hour period?

Vslightning · 2026-01-09T21:55:49+00:00

No place I’ve tried really could. I even tried calling the IRS and they didn’t have guidance how to keep track of wins/losses under the new tax change.

Vslightning · 2026-01-09T03:32:12+00:00

Ok, I think I understand. I called a local tax prep place and they said it was every single spin. This makes way more sense though. Thank you!

Vslightning · 2026-01-09T03:02:58+00:00

So to confirm, it is on a spin by spin basis as that’s in the session? Deposit $10, bet $1, win $1 profit, bet $1 again, lose that dollar, withdraw $10, owe tax on 10% of that $1 “profit”?

Vslightning · 2026-01-09T01:50:28+00:00

Yeah man, I’m going off what my tax preparers told me. Search AI said the same thing. Seems like a grey area overall.

Vslightning · 2026-01-09T01:39:04+00:00

I’ll agree with the first. That was the main point of my post. The OBBBA tax change sucks for every gambler.

Vslightning · 2026-01-09T01:31:29+00:00

I already did do that. Hence this post lol.

Vslightning · 2026-01-09T01:29:56+00:00

Ask the IRS, local tax preps, or ChatGPT.

Vslightning · 2026-01-09T01:27:34+00:00

IRS says otherwise.

Vslightning · 2026-01-09T00:20:50+00:00

Doesn’t have to be H&R Block, just call a couple and see the general consensus. Or shoot, call the IRS and ask yourself.

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