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Frequently Asked Questions Related to Gambling

Question: How much do tickets cost?

Answer: Tickets vary in price from game to game. The minimum ticket price is $1.

Question: If a casino discharges a gaming debt, is this a reportable transaction?

Answer: No, since a casino does not meet the meaning of "applicable financial entity" per Internal Revenue Code section 6050P(a), there is no reporting requirement in the discharge of a gaming debt.

Question: What can I do to make my Blog popular?

Answer: Good content is key. Blog entries need to be more than a press release. It should be more casual, with links to other sources. It should act as an unfiltered way to reach out to constituents. It is a great way to reach down to a personal level.

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