is it Legal in Texas?

[FairWarning]

I would just tell them eBay.

 

[Sammy439]

Wells Fargo and Wachovia merged. Just FYI.

 

[bigtendominator]

I would just tell them eBay.

Someone at Chase asked where did you get the check once?

Most tellers are not nosy, but I said I am a consultant and this is a company check.

 

[bigtendominator]

Wells Fargo and Wachovia merged. Just FYI.

A buddy of mine used to work for Wachovia, he said it was one of the worst managed companies and they over expanded here in Texas. He said their branches would be lucky if they got 10 people per day.

 

[PapaParlay]

Chase and Wells don't care if you deposit a check and I don't know where PO69 came up with number $5000, but that number is bullshit.

If anyone at the bank ask you where did you get the check "tell, them this is what your mom pays me for fucking her."

You have nothing to worry about. Checks are not an issue, cash would be your only concern and that does not apply here.

Not sure where the $5000 comes from either, but $10,000 is the number above which transactions must be reported to the IRS (technically you're ok at $10,000 but not at $10,000.01, but I wouldn't chance it). I've also heard that casinos record transactions above $3,000 but don't necessarily report them (don't know if this applies to offshore at all).

 

[PRO11]

There are so many good locals in houston it's almost stupid to deal with an offshore.

I didnt know there were any here in houston. PM me some info.

 

[PRO11]

Yeah if you go to jail they keep $$$$$$$$ good deal for the book.. If you are afraid you can transfer it to me. LOL Grow some balls and cash out. LOL

LOL, I dont really need the money so the bigger the bankroll is the bigger my bets are. I dont have a problem with keeping the money there.

 

[PRO11]

Why in the world would you leave $$ offshore...I try to collect as soon as possible....I pay the extra $$ and get WU or MG. JMHO...gl

I dont really need the money thats why!

 

[PRO11]

Chase and Wells don't care if you deposit a check and I don't know where PO69 came up with number $5000, but that number is bullshit.

If anyone at the bank ask you where did you get the check "tell, them this is what your mom pays me for fucking her."

You have nothing to worry about. Checks are not an issue, cash would be your only concern and that does not apply here.

thanks alot! thats was my main concern any issues when trying to deposit the checks.

 

[$tinky]

Its actually not a stamp. Bookies and gamlers call it a stamp but its actually form 730i you fill out each month and report gross wagers to the IRS.

Bookies then pay 2% of total handle monthly plus are taxed on winnings. This way bookies are only breaking gambling laws and complying with tax laws which is the one that usually gets them. In fact In Texas and Alabama bookmaking is a misdemeanor.

That 2% is hard to out run.

 

[bellyputter]

Sportsbooks in Nevada pay .0025 of gross.

 

[texansfan]

There is no new law that makes online gambling where it was not illegal before. The UIEGA law that was passed was aimed at the funding of sites that engage in online gambling.

 

[texansfan]

Players have little to fear. There is no federal law against playing online. U.S. Attorney Catherine Hanaway admitted in a 2007 House hearing that just placing wagers online isn't against federal law. Players might run afoul of state laws, but even that is rare. The one case we know of is Jeffrey Trauman, of North Dakota, who paid a $500 fine on what was probably over $100,000 in sports bet winnings. (Gambling & the Law)


Rather than just considering the law, it's maybe more useful to look at the potential risk of each activity. That is, which activities are more likely to result in a fine or maybe even jail time? Here's how things stack up, from most risky to least risky:

Most Risk

Taking bets on a server located in the U.S.

Taking sports bets on an offshore server and then visiting the U.S.

Facilitating the transfer of funds to online casinos (payment processors), and then visiting the U.S.

Helping people make bets on a website

Accepting advertising for Internet gambling, in the major media

Taking casino / poker bets from U.S. customers on a website outside the U.S.

Accepting advertising for Internet gambling, smaller media

Buying advertising in a U.S. publication as a casino, poker room, or affiliate

Placing bets yourself on the Internet

Least Risk