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end of their sessions of playing the slot machines, and they
claim they did not not leave a casino with any of the cash they
had originally withdrawn except when they hit a payout of more
than $1,200. We are particularly bothered by this explanation.
Although the odds are in a casino’s favor, it does not
necessarily follow that there are no days when a player comes out
ahead. Given the uncertainty of petitioners’ records, and the
certainty that there must have been some losses, we find that
petitioners did suffer total gambling losses of $40,000 in 2001.
Reviewed and adopted as the report of the Small Tax Case
Division.
Decision will be entered
under Rule 155.
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Last modified: May 25, 2011