I’m trying to plan for best way to file my 2022 taxes and am caught up on correct way to report gambling winnings and deduct losses hypothetical round number. The audit rate drops significantly for filers making less than $200,000: Only 0. Gambling income is almost always taxable income which is reported on your tax return as Other Income on Schedule 1 - eFileIT. 4% of all individual tax returns. Besides, losses accumulated from gambling cannot be moved forward to counterbalance winnings in another year. . W-2Gs only report winnings over $1,200. Another thing that the IRS doesn’t let you do is to net your gambling winnings and losses together. And 2. Claim your gambling losses on Form , Schedule A as Other. If your winnings surpassed a certain threshold last year, the IRS undoubtedly has evidence of your activity from multiple sources. You’re allowed to deduct losses on Schedule A up to the amount of your winnings, but the IRS knows that many taxpayers don’t keep the required records. Tax Audit & Notice Services include tax advice only. About Form W-2 G, Certain Gambling Winnings. ”. D. [ 3 ]You can only write-off (deduct) $1,000. Failure to report gambling winnings, interest and dividends, non-employee compensation (1099-MISC), K-1 items, etc. C. 33% for various non-cash winnings earned through sweepstakes, wagering pools, and certain lotteries. Any other wager, if the proceeds are at least 300 times the amount of the bet. By law, gambling winners must report all of their winnings on their federal income tax returns. Whether you are playing in a fantasy sports. Typically, if you win more than $600 and the winnings are more than 300 times your original wager, the casino will provide you with a W-2G. , deduction for self-employment tax). The tax rate for gambling winnings varies, depending on the type of game and how much you won. The payer must issue a Form W-2G, Certain Gambling Winnings, that is if you receive, as the IRS explains, “certain gambling winnings or have any gambling winnings subject to federal income tax withholding. Gambling losses historically have been reportable on Sch. Bookmark. At the end of the year, A had total wagering gains of $100,000, total wagering losses of $75,000, and incurred $15,000 inA high-level overview of sports betting and tax reporting. The casino that you register with should provide you with everything that you are looking for when it comes to a gambling site, how to add gambling losses. There is one golden rule to keep in mind when deducting gambling losses on your tax return. Failure to report gambling winnings, interest and dividends, non-employee compensation (1099-MISC), K-1 items, etc. For example, if a gambler plays the slot machines at two separate casinos in the same day, the gambler has two gambling sessions. State taxes on gambling winnings range from 3% to as high as 10%. , gambling losses can be deducted only to the extent of your gambling winnings. For cash prizes over $5,000 (minus the wager), a 25% regular withholding fee may apply. On the other hand, you may also be able to deduct gambling losses on your tax return, but there are specific rules and limitations. And for sports betting and fantasy leagues, if you make $600 or more, then the payer is going to report it to the IRS. Fortunately, although you must list all your winnings on your tax return, you don't have to pay tax on the full amount. Jun. This includes cash and the fair market value of any item you win. The central issue raised by the Service on audit is not always the right to a deduction for gambling losses—allowed by Sec. Under Sec. When it comes to deducting gambling losses, they are limited to the amount that is won while gambling. ” The Commissioner noticed the casualty loss and selected the return for audit. $1,500 or more from keno. Gambling losses can be used to offset gambling income when computing the amount of income tax due. See Pub. 00. Your total due on bingo winnings would be ($1,246 * 0. For 2020 and prior the Michigan Income Tax Act has no provision to subtract your losses on the Michigan individual income tax return. Professional Gambler Tax Guide 2021. The tool is designed for taxpayers who were U. in the 'gambling losses' box on my tax form, i put in the same amount as the combined total of w2-g. 2. 8. Final Thoughts. TOPICS. Case law and IRS guidance have established that a taxpayer may determine gambling winnings and. It's generally random, similiar to jury duty. You are not permitted to "net" your winnings and losses. This requires the taxpayer to keep detailed records to establish the amount of the loss. The additional losses are not deductible. The most obvious way to keep account of this is by holding on to various documents that prove you gambled, including the W-2G forms, gambling tickets, bank records, or any receipt you may have received. The IRS has no way of knowing this and will only see the higher amount. This form is used to report the winnings as taxable income. The IRS requires taxpayers to report both types of gambling income on their tax returns. And then depending on what other type of gambling you're doing, like, if it's slot machines, the threshold is at $1,200 or more. According to IRS statistics, you’re safest if you report income in the neighborhood of $50,000 to less than $500,000. If you’ve lost money, you won’t owe any taxes, but you may be able to deduct your losses if you itemize. A tax-exempt organization conducting gaming activities may be required to withhold income tax and report on Form W-2G. You can deduct gambling losses, but only up to the amount of your. Can you write off gambling winnings, irs gambling losses audit. The Internal Revenue Service is always on the lookout for sources of taxation. At the end of the day, it’s your responsibility to report any winnings. The only amount that can be deducted is the amount spent exclusively on gambling. Retirees don't completely escape the IRS audit machine. This includes titles such as Mega Moolah, Hall of Gods, Mega Fortune and Mega Gems, irs gambling losses joint return. The IRS gets copies of all of the 1099s and W-2s you receive, so be sure you report. However, for a casualty loss that is the result of certain federally declared disasters (Form IT-196, line. address of the gambling site. CBO report: IRS audits will affect American taxpayers making below $400k. When the IRS flagged the case, Daneault paid a Massachusetts man $500 to rent $200,000 worth of losing lottery and racetrack tickets. The Internal Revenue Service (IRS) also. The auditor requested the diary of gambling losses during the audit. A CP2000 is not an audit. Because professional gamblers may deduct gambling losses for state income tax purposes, some state tax. Failure to report gambling winnings can draw IRS attention, especially if the casino or other venue reported the amounts on Form W-2G. Illegal gambling activity can result in criminal charges ranging from money laundering to tax evasion. To deduct gambling losses, you must provide records that show the amounts of both your winnings and losses, like: Receipts. m. The general IRS advice on this topic can be found. " Just doing a quick search for relevant sites, I found a number of cases in which the IRS and tax courts did not accept a win/loss statement as proof of a loss. Prior to this decision, Sec. If a win/loss statement from a casino shows a negative amount for the year even though I had reportable winnings, which are sent to the IRS,. Example: John wins $23,500 during the year playing slots and other casino games. See Lesson From The Tax Court #200: The Great Divide, TaxProf Blog (Oct. Gambling Losses May Be Deducted Up to the Amount of Your Winnings. Another way you. Gambling winnings, winnings from sports betting, fantasy leagues, those are all taxable. 41 billion • Charitable Games and Bingo ‐$2. Avoid Audit Risks and Red Flags. That means you might have to pay taxes on those winnings. Frank's legal obligation does not end with the W. Out-of-state farm losses. 02 billion Gambling losses cannot be greater than gambling wins for the tax year. Under prior law, individuals who gambled as a hobby and not as a trade or business could deduct gambling losses only to the extent of gambling winnings. 1 Best answer. Taxable winnings. Gambling losses can be deducted on Schedule A. S. A taxpayer who has $50,000 of gambling winnings and $50,000 of gambling losses in Wisconsin for a tax year, for example, must pay Wisconsin income tax on the $50,000 of gambling winnings despite. Before exiting the W-2G menu you will have the opportunity to enter the gambling losses associated with the winnings on the W-2G, if desired. Generally, a taxpayer must. 2021-115, where the Court held the taxpayer could not take §183 expenses as above-the-line deductions). If an audit is not resolved, we may request extending the statute of limitations for assessment tax. If a win/loss statement from a casino shows a negative. Writing off gambling losses but not reporting gambling income is sure to invite scrutiny. An IRS audit may result from this. One final note: casual gamblers can deduct gambling losses as well, but not the same way as professionals. You’re allowed to deduct losses on Schedule A up to the amount of your winnings. Exempt 501 (c)3 and 501 (c)4 festival organizations may deduct gambling fund transfers on their Unrelated. This means that if you have $10,000 in gambling winnings and $12,000 in losses, you can only deduct $10,000 in losses. Notably, the win-loss statements reflect that petitioners had gambling winnings totaling $115,142, while the Forms W–2G provide that petitioners had total gambling winnings of $322,500. 10 Tax Audit Red Flags to Consider. You are allowed to list your annual gambling losses as an itemized deduction on Schedule A of your tax return. 7. By Sally [email protected] billion • Indian Casinos ‐$26. $1,200 or more from bingo or slot machine. 3. This, however, doesn’t mean that if you consistently win and fail to report your winnings the tax office wouldn’t notice. If you open an app and it shows a ledger of $30,000 winnings, $28,000 bets wagered, Win/Loss $2000, the IRS needs the $30,000 number. Federal law mandates that slot machine winnings over $1200 must be reported to the IRS. Irs gambling losses audit $600 irs payer reporting limits; that i understand that gambling losses are. Losses must be reported to the IRS, just like your winnings. If you tend to gamble at the same casino, or group of casinos, you will likely. The IRS requires the payer to give you a W-2G if you win: $1,200 or more on bingo or slots. In fact, last year the IRS audited about 1% of. But there are two important exceptions. It includes cash winnings and the fair market value of prizes, such as cars and trips. Do Gambling Losses Trigger An Audit? Most people don’t keep records of how much they lose at gambling establishments, which can lead to IRS audits. If the numbers don’t add up, you could trigger a tax audit. If you are a person who gambles, it is important that you understand the IRS requirements and rules regarding gambling winnings and losses. Gambling Losses . This form is used to report the winnings as taxable income. Avoiding a possible tax audit doesn’t have to be a challenging process. Instead, if you itemize your deductions, you can claim your losses up to the amount of your winnings. In conclusion, gambling losses can be deductible on your federal tax return, but only up to the amount of your winnings. Stay up-to-date on. If you had losses greater than your gains, you wouldn’t be able to claim the. Generally, you can deduct losses up to the amount of your winnings on your personal return, but you must have proof to back up your claims. 41 billion • Charitable Games and Bingo ‐$2. 00. " MAKING THE MOST OF YOUR LOSSES. 58% for certainAccording to Topic 419 - Gambling Income and Losses on the IRS web site, "it is important to keep an accurate diary or similar record of your gambling wins and losses. IRS Publication 529: Miscellaneous Deductions. My co-worker has no doubt they had the losses they reported, and probably more. The only amount that can be deducted is the amount spent exclusively on gambling. Whether the gambling winnings are $5 or $500,000, all amounts are taxable. Irs gambling losses joint return. This means that if you have $10,000 in gambling winnings and $5,000 in gambling losses, your AGI will be $10,000 higher than if you had no gambling activity. A Power of. Of course, this isn’t the end of the list. Every year,. According to the most recent available data, the IRS audited 0. Amount of your gambling winnings and losses. For New York purposes (Form IT-196, line 20), you can claim casualty and theft losses. Conclusion. Notice 2015-21 contains a proposed revenue procedure that would permit gamblers engaging in electronically tracked slot machine play an optional safe harbor method to determine a wagering gain or loss from their slot machine play based. All winnings from gambling activities must be included when computing the deductible gambling losses, which is generally always an issue in a gambling loss audit. Upon audit, the IRS disallowed the original casualty loss deduction on the 2010 tax return and assessed Mancini a 20% Sec. Errors in addition or subtraction will likely get caught, flagging your return for an audit, even if the mistake is in the favor of the IRS. g. It also says that your gambling log “should” include other details such as name and address of casino, date and, yes, machine numbers. Home; Member Login; Club Events; Newsletters; Member Information Menu Toggle. I have a journal that shows my deposits and withdrawals for each day for the online site and for the Tribal Casino I have recorded how much cash I had for. 👉 What constitutes gambling losses can you deduct What constitutes gambling losses can you deduct Are you ready for your adventure to gamble with bitcoin? Then, of course, bitcoins have to be bought first! You can buy your cryptThe tax rate that you pay on your sports betting winnings may vary from 0% to 37% depending on the amount of other income that you have, your filing status, and several other factors on your tax return. The Board of Appeals calculates that if the Player eliminates his gambling expense, there will be more cash flow available to pay Illinois back taxes. You can only write-off (deduct) $1,000. I thought I remembered a court case or an IRS ruling that would allow an individual to net same-day gambling winnings and losses. (3:06) How GSG can help. Taxpayers can deduct gambling losses if they meet certain criteria. I’m trying to plan for best way to file my 2022 taxes and am caught up on correct way to report gambling winnings and deduct losses hypothetical round number. Information You'll Need. According to tax laws in several states, gambling proceeds and lottery winnings are considered earned income and are therefore subject to both federal and state taxation. However, you can only deduct your loss up to the amount you report as gambling winnings. I also have bank statements. If you “netted” your winnings, that caused an Underreporter mismatch against the W-2G. If you’re involved in crowdfunding, seek the guidance of your HK tax adviser to ensure your activities are properly reported on your tax return. R. this will get you an IRS audit letter for sure. Prior to that, they have never been required to file a tax return as they have only received SSI benefits. (Lamb, T. Hence, in an audit, without providing enough documentation, the agent will fail to believe you’re losing all winnings. This replaced a tiered system, which had higher rates based on the amount you. Treat Income as Business Income Gambling losses are more difficult and are addressed by §165(b). S. Instead, the gambler must report the $10,000 as other income, and if the gambler itemizes his deductions, then the loss of $9,900 is included as an other miscellaneous deduction. IRS proposes new slot machine tax rules. Form 5754:. Mancini. That increases to $201,050 for. September 10, 2023 Posted by. If you itemize, you can deduct $400 for your losses, but your winnings and losses must be handled separately on your tax return. For example, receipts from a casino's ATM machine, tickets, statements or a diary. •The IRS audits Cohan –disallows all expenses •The Board of Tax Appeals (precursor to the Tax Court) sustains the IRS disallowance. )The total amount of gambling winnings is reported on page 1 of the IRS 1040 tax return. Author: test11313920 Categories: Uncategorized. Gambling losses are often a trigger for IRS audits because most people don't keep careful records of how much they lost while at the casino, racetrack, or another gambling establishment. $5,000 or more from a poker tournament, minus. If you are able to itemize your deductions, gambling losses can be. If your gambling activities rise to the level of professional. Reporting Your Winnings to the IRS. Being proactive and organized can also help minimize the risk of an audit and ensure that you are prepared should one occur. So, beat the government at its own game. Gambling is fertile ground for just that! Any winnings which you earn from participating in casinos, lotteries, or sports betting will be taxed by the IRS. The IRS has clear-cut rules on gambling income that predate the recent explosion of the sports betting industry. Also, watch out for the Automated Under-Reporter Exams, which begin with an IRS Notice CP2000 . The only income ranges that were subject to more than a 1% chance of an audit were $5 million and over, according to the most recent data from the IRS Data Book. 25% excise tax on all legal sports bets. Bachelor's Degree. The deduction for your losses is available only if you are eligible to itemize your. Diaries and annotated financial records may qualify as sufficient, depending on how thorough they are. Gambling facilities are required to document your winnings with a Form W-2G under certain circumstances: $1,200 or more in winnings from bingo or slot machines. 4. Federal Income Tax Return. 7 million individual returns with gambling winnings on a Schedule 1, with a total gambling income of $28. Your gambling losses, no greater than winnings, get reported on Schedule A, Itemized Deductions. Thus, if a gambler had a $2,000 winner on a slot machine but on the same day had also lost $1,500, the impact above the line would be a net $500. For example, if a $30 bet at the race track turns into a $110 win, you’ve. Winnings are reported on a gross amount. Net loss from federal column of Form MI-1040D or MI-4797. It could be a full-scale, in-person state or IRS tax audit. You cannot deduct more in gambling losses than you report in gambling winnings on your federal income tax return. Getting Ready for a Gambling Audit Kristy Maitre –Tax Specialist Center for Agricultural Law and Taxation July 7, 2016 At A Glance • Card Rooms ‐$1. A win of $500 or even a scratch off win of $1, neither of. Therefore, if you lost $3,000 gambling, and won $1,000 of it back, only $1,000 can be deducted as a gambling loss on your tax return under Schedule A. 8 out of every 1,000 returns filed (0. from our tax experts and community. ” For example, if I buy an asset for $70,000, and later sell that asset for $100,000, then I would realize a gain of $30,000. You should show your gambling winnings as income and then your gambling losses as an itemized deduction, if you qualify. In other words, the IRS will never let you have a net loss when you’re a gambler. to the. If. The IRS considers winnings from gambling and winnings from the lottery the same. If you itemize your deductions, you can deduct your gambling losses for the year on Schedule A. For example, the IRS will know something’s not right if you claim you won $5000 gambling—but also report $20,000 in losses. Gambling is A’s sole occupation; A is not employed and has no other income. By law, gambling winners must report all of their winnings on their federal income tax returns. To report gambling losses go to Deductions > Enter Myself > Itemized Deductions > Miscellaneous Deductions. If you find. Losses from out-of-state businesses, partnerships, and S corporations. The way tax laws work, gambling winnings are included in a taxpayer’s adjusted gross income (AGI), while losses are an itemized deduction. TAX TRAP #1 – The way the tax laws work, gambling winnings are included in a taxpayer’s adjusted gross income (AGI), while losses are an itemized deduction. We file. The best outcome is that you cancel out any W2-G wins on your return. Absolutely, just make sure it includes all wins and losses separately and is not a combined number. All winnings are taxable whether you win enough at one time to generate a tax form W2G or not. under-inclusion of gambling income and the over-statement of gambling losses, are also examined. In other situations, cancelled checks, credit card statements, cash receipts, AND keeping a daily log of all gambling activity. The same goes for errors with refundable tax credits, such as the earned income credit and the refundable child credit. Therefore, in short, YES, the IRS does audit gambling losses. To claim a deduction for gambling losses, you must adequately document them,. to 5 p. I visited the casino more than usual in 2021 and had a few good slot wins but like most had more losses when all was said and done. Claiming large gambling losses can also be risky. Jun 01, 2021. If you open an app and it shows a ledger of $30,000 winnings, $28,000 bets wagered, Win/Loss $2000, the IRS needs the $30,000 number. Our office hours are 8 a. Many people raising money online view their endeavors as non-taxable hobbies. taxpayers. And be careful with the gambling income, their deductions. The IRS levies a 25 percent gambling winnings tax on more than $5,000 in winnings from slots, keno, and lottery games. Your winnings. After all, most gamblers lose more often than they win. So, if you made $10,000 on gambling last year but lost $12,000, you can only deduct $10,000 in losses (nothing more). Any number of things – unsubstantiated deductions, missing income, huge business losses, failing to report holdings of. Under IRS regulations, you must maintain complete records of all your gambling profits and losses. Deducting Gambling Losses. There are two types of withholding on gambling winnings: (a) regular gambling withholding at 24% (31. Tax Professional: Yaw, CPA. 65% (one out of 154) of such returns were audited during 2016, and the vast majority of these exams were conducted by mail. Form W-2G is issued when gambling winnings other than those from bingo, slot machines, keno, and poker tournaments are $600 or more if the amount is at least 300 times the wager amount. You then report the $10,000 allowable wagering loss (equal to your winnings for the year) as an itemized deduction. The IRS levies an 0. While you are permitted to deduct gambling losses up to the amount of your winnings, doing so could lead to an audit. Your sports betting winnings are considered taxable income—specifically they are deemed ordinary income on your return. Also, gambling losses can’t be carry-forwarded to offset winnings in another year. For example, if you had $10,000 in gambling winnings in 202 2 and $5,000 in gambling losses, you would be able to deduct the $5,000 of losses if you itemize your tax deductions. •Forman TCM 1988-64 –gambling –horse raceThe IRS disallowed the losses on audit, which ended with the current court case. A: Regardless of whether you win $1 or $1,000, all gambling winnings are considered taxable income. 3079, Tax-Exempt Organizations and Gaming. Gambling losses are deductible only to the extent of gambling winnings reported on line 21 of Form 1040. 2. Tom, as a valid individual audit. ) § 165(d) states that losses fromSeptember 12, 2023 — As football season kicks off, U. The IRS suggests that the diary should contain at least the following information: Date and type of specific wager or wagering activity ; Name. 61 (a), all income from whatever source derived is includible in a U. Whether the taxpayer is a professional or recreational gambler, gambling losses can only be. Under Sec. It permits deduction of what would otherwise be a personal loss. Once you file for a deduction, you’ll need to keep all of your records, tickets and other relevant documents, at least for 3 years, in case of an IRS gambling losses audit. 3. The gaming establishment is required to issue you a W-2G form whenever you win above certain amounts. If you itemize your deductions, you can write off your gambling losses for the year on line 27, Schedule A (Form 1040). If you itemize, you can claim your gambling losses up to the amount of your winnings on Schedule A, Itemized Deductions, under ”Other Miscellaneous Deductions. All gambling losses are tax deductible to the limit of your winnings in a particular year. Any advice for first time reporting win/losses. This case is a substantiation case. Rather, it appears the IRS is using the ruling as a way to double-down on an earlier — and much more meaningful — opinion that DFS is indeed gambling rather than a game of skill. 1 Best answer. There's a one-in-17 chance your return will be audited. Assuming that was $51k and you had more losses than that, it would make sense to itemize. This change makes documenting and reporting your income from gambling on your 2022 1040 even more paramount. Recreational gamblers must report winnings as other income on the front page of the 1040 form. ". Unfortunately, the IRS has not ruled on the treatment of fantasy sports income and losses, and there is little if any authority for the proper reporting on tax returns: only IRS Letter Ruling 200532025, which discussed the various methods of reporting winnings by a taxpayer that ran a site for online game-playing tournaments. You can still claim certain expenses as itemized deductions on Schedule A (Form 1040), Schedule A (1040-NR), or as an adjustment to income on Form 1040 or 1040-SR. Revenue Ruling 77-29, 1977-2 C. Generally, your net profit for tax purposes is the amount of your winnings minus any entry fee. Tickets. As a result. Simply put, there is no immediate legal outcome if you fail to report your gambling winnings. Also, the amount of losses you deduct cannot exceed the. If you receive an audit letter from the IRS or State Department of Revenue on your 2022 TurboTax business return,. To enter gambling losses in TaxSlayer Pro, from the Main Menu of the tax return (Form 1040) select:Gambling Loss Deductions Limit. Red flags can simply be defined as aspects in the tax file that might be a cause of concern on the part of the IRS. The Courts and the IRS have interpreted Section 165 (d) of the Internal Revenue Code in such a way that gambling activities cannot be. S. For example, if you had $5,000 in gambling winnings and $7,000 in gambling losses, you can only deduct $5,000. You can’t, unfortunately, deduct losses that total more than your winnings. On the screen that follows, enter your Gambling Losses . S. Turbotax filing losses casino. Gambling winnings ($500) cannot be reduced by gambling losses ($400), and only the difference ($100) is reported as income. Leave a Comment / Uncategorized / By test1271849. According to TurboTax, documents you can use to prove your gambling losses include: IRS Form W. I read your article on gambling winnings and gambling losses. C. As the loss was less than their home’s basis of $2,450,000, they claimed the entire amount of the loss on their tax return. First, you may deduct gambling losses only if you itemize deductions, which Erb said is only a third of tax filers. At tax time, this helps too. There is a real-tif you have questions about the tax effects of a transaction or event, including the following: ¥ Pension or IRA distributions. No matter whether they file a tax return, get audited, have a tax lien, or try setting up an installment. Client decided to spend 2018 in the casino. Losses are an itemized deduction on the tax return. While the IRS does not have a gambling losses tax, it does allow for you to deduct gambling losses on your tax return in the form of a miscellaneous deduction. Prior to the audit, the tax professional prepared a schedule showingher gambling activities for the year and during the audit he explainedthe client's gambling practices and habits. Taxpayers can claim a limited deduction for gambling losses, but the IRS keeps close tabs on these write-offs. That being said, gambling losses/winnings are generally looked at very closely by the IRS. If you gamble for fun, you can itemize deductions and include gambling losses, but only up to the amount that you also won. To substantiate wagering winnings and losses, a taxpayer must maintain an accurate diary or similar contemporaneous record, supplemented by verifiable documentation. Ask Your Own Tax Question. You may deduct gambling losses only if you itemize your deductions on Schedule A (Form 1040) and kept a record of your winnings and losses. Although you may be able to offset your reported gains with gambling losses, the IRS anticipates that you will also have had gambling winnings that were under the W2-G. Irs gambling losses, how to play blackjack live. Other Requirements: The IRS may have. Any “netting” could trigger notices or an audit. According to the IRS, gambling income is taxable and must be reported as part of an individual’s total income on their tax return. Gambling losses: If you are going to deduct gambling losses, you must have receipts, tickets, statements and documentation such as a diary or similar record of your losses and winnings. However, the $5,000 excess loss can’t be deducted in 2015 or carried forward. But the Commissioner further determined that, under. Keep detailed records of each win and loss throughout the year. The amount of losses you deduct can't be more than the amount of gambling income you reported on your return. Gambling losses can zero out your gambling winnings, but they can. Publication Date: 09/2021. Keep detailed records of each win and loss throughout the year. $1,500 or more from keno.