Are quiz machine winnings liable to tax?

quizard · Post by **quizard** » Wed Jan 14, 2015 7:23 pm

Anyone who has been playing quiz machines full time since the 1980s should really have enough money not to worry about what happens next.

wires74 · Post by **wires74** » Wed Jan 14, 2015 8:35 pm

What is enough money NOT to worry ? I suppose it is relative to the individual

paragoon · Post by **paragoon** » Wed Jan 14, 2015 10:27 pm

Slightly off at a tangent here but isn't it a pity the rest of the world hadn't gone for quizzers? Be so nice to have been able to get a flight to NYC and make your way across the States having a fun holiday whilst making a small fortune!

bubbles · Post by **bubbles** » Thu Jan 15, 2015 12:03 am

Although not a job i think you're skill sets and experience mean the vast majority of you will become washed up old weirdos! Lol

alot of us fruit players are screwed up and twisted versus each other but at least we can socialise and don't look like the area paed!

AMK · Post by **AMK** » Thu Jan 15, 2015 2:25 am

In NEVADA USA. Tax on winnings from gambling is 30%. This only applies on tickets equal to or greater than $1000. We get it tax free as we are on holiday.

I'd Imagine if the UK Govt wanted to tax gambling winnings then it would be done like this too, done like In Vegas from the Ticket redemption machine.

dog section · Post by **dog section** » Thu Jan 15, 2015 3:21 am

bubbles wrote:Although not a job i think you're skill sets and experience mean the vast majority of you will become washed up old weirdos! Lol

alot of us fruit players are screwed up and twisted versus each other but at least we can socialise and don't look like the area paed!

haha,the area paedo. plenty round here. whats your input my dear lilly?

cool · Post by **cool** » Mon Jan 19, 2015 2:14 pm

Quizard is bang on the money. The quickest way to stay solvent is to stay single at least it is for me! The drain on my winnings in the past has been women.I lead a relatively frugal existence and my main interest other than quiz machines is running which isn't much of a drain on my resources. I do not believe swps will become extinct. In ten years time I honestly believe they will still be around although the numbers will depend upon developments both in the content, playability, jackpot level of the machines and whether a quiz show can regenerate the general populations interest in playing them. There is definitely a trend towards localisation of the pro as it is becoming more and more unfeasible to travel distance. I play the machines nowadays for the love of playing, not for making a lot of dosh and this is what is going to do for the players with limited time, other commitments and the primary motive of making a decent wedge to supplement their income.

BFK · Post by **BFK** » Mon Jan 19, 2015 2:37 pm

AMK wrote:In NEVADA USA. Tax on winnings from gambling is 30%. This only applies on tickets equal to or greater than $1000. We get it tax free as we are on holiday.

I'd Imagine if the UK Govt wanted to tax gambling winnings then it would be done like this too, done like In Vegas from the Ticket redemption machine.

That would be OB's profit eaten in to then. He puts £bag+ tickets in the redemptions every 20 mins.

Nil Satis · Post by **Nil Satis** » Mon Jan 19, 2015 3:22 pm

cool wrote:There is definitely a trend towards localisation of the pro as it is becoming more and more unfeasible to travel distance. I play the machines nowadays for the love of playing, not for making a lot of dosh

That was the whole point of my original question. "Localisation of the pro" is a contradiction in terms - you can't be a pro and be content to stay in your local area unless your financial needs are minimal. I may be unusually unlucky in that the towns within an easy drive for me (say 30-45 minutes each way) seem to have been particularly badly hit by machine losses over the last couple of years. Maybe my playing has actually been a factor in this - I can certainly imagine my visits to a few of the smaller locations over this time could well have been what finally tipped them over the edge in deciding to get rid of their machine. This does mean however that I have to 'manage' the ones that remain quite carefully if I still want to have some machines of interest within easy reach. When you are physically emptying a machine, even if that's only £20 or £30, you have to factor in a gap of a few months before it is worth playing again in many locations.

"Localisation of the pro" equates to "localisation of the enthusiastic amateur" unless you are unusually lucky in the machines that remain in your local area. There's nothing wrong with being an enthusiastic amateur, of course, but the point when a minimum wage job offers a more reliable income (unless you are willing and able to travel further afield) can't be far off.

cool · Post by **cool** » Mon Jan 19, 2015 3:26 pm

Who would have thought stand alone space invaders would have made a comeback. There is a demand for retro gaming. Retro quizzing too!

JG · Post by JG » Tue Jan 20, 2015 2:17 am

It's a very bad sign when the 'affluent' London food pubs are binning off the quizzers. If they're under performing in rich suburbs in North London then where in the country will they still be justifying their keep? I could see landlords with an active interest in quizzing or who have customers who are keen on quizzes would keep their machines. Student pubs tend to be more likely candidates. Other than that we need some serious regeneration to take place....idea(s) to follow