I was always wondering; between 500k coinflips, exotic casino's, home games, million dollar pots, and winning in other countries. How do the pros keep track of all there gambling winnings, whether online or in person, and pay taxes on them.
Do they have to pay after each big win, or keep reciepts for the whole year. I always wondered.
And sidenote, what kind of banks give out stacks of 50k in cash to play with? Isn't it only casinos capable of doing that. You wouldn't exactly walk into a bank of america and ask or 50k in cash.
If anyone knows would love to discuss, I was always very curious!!