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Today's Poll: Should it be legal for anybody to set up and run their own sports betting book?

By Howard B. Owens
Mike Piazza

Doug, not sure if you mean the parlay sheets(one distributed by bookies(a list of tteams vs each other with a point spread(some parlay sheets are "straight up"), or the football squares(where they draw #s before the superbowl) or Last Man Standing type of pools which could run through the NFL regular season.....in they eyes of the IRS & NYS Liquor Authority, they are ALL considered illegal whether a vig is paid(made) or not. Typically, law enforcement agencies will look the other way unless someone calls and reports an establishment or individual is promoting gambling. And Mark, you are right, booking games and football, basketball,car racing, baseball pools etc etc are 2 way different things with one exception, they are both illegal whether or not a vig is being made.

Mar 6, 2013, 5:20pm Permalink
Mike Piazza

Mark, I never said you did. I agreed with what you said but I just added that they both were considered illegal by NYS. It wasn't a put down to you nor anyone else.(Maybe I should have put a period after the etc etc..) and then typed in that it doesn't matter if a vig is being taken or not. Is that better? I'm not into putting people down or trying to be righteous - just trying to be informative. Again, I agreed with you and was just re-iterating what I wrote earlier in my post. That's all, nothing more.

Mar 6, 2013, 7:29pm Permalink
Howard B. Owens

Here's NYS gambling statute

http://ypdcrime.com/penal.law/article225.htm

Pay attention particularly to #2, being a player. It's not illegal in NYS to be a player in a game of chance. You are a player if you're competing on equal terms with other players an not profiting from the game.

To "advance gambling," you must act as other than a player.

Mike is right, and I did not know, that ABC law prohibits games of chance, except state-sanctioned, at premises licensed to sell alcohol.

The IRS has no prohibition against gambling, just has it has no prohibition against dealing cocaine. Just declare your winnings or your profits, pay your taxes, and the IRS will leave you unmolested. The IRS is interested in one thing: You paying your taxes. How you derive your income is no nevermind to the IRS.

Mar 6, 2013, 9:14pm Permalink

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