Internal Revenue Service

Changes to the tax withholding rules a boon to gamblers

Changes to the tax withholding rules a boon to gamblers

Veteran handicapper Bob Ike was more nervous than usual. He was whispering. He was huddling with TVG analyst Kurt Hoover. He was standing. He was moving.

It was the last race of the day on the last day of Santa Anita’s fall meeting last year. Ike and Hoover had singled a 12-1 shot named Ward n Jerry on their $480 pick-six ticket. It was the only ticket that was still alive on a mandatory payout day. They were going to win something but they wanted the whole thing.

Ike finally settled down and sat for a moment in his front-row seat in the Santa Anita pressbox. He rolled his chair back near a dusty shelf where a few large black garbage bags stuffed with losing tickets had...

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