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Question of the Week Archive (10+ years)

Re(5): How do you deal with 'signers'?

The way I understand it, the way they calculate the "base" changes. It goes from the old way where a $6 tri box counts as $1, to the new way where the entire amount spent on the winning ticket is used as the base, so $6.
The reason for the change is because of all the new jackpot wagers with a 10 or 20 cent base. Most winning, or even consolation, tickets would qualify as signers based on the old way, even though the amount won is relatively small. There was a big increase in the number of these small signers and the abundance of paperwork required was viewed as too much of an inconvenience/hassle relative to the revenue generated to the government. This also was deterring wagering on these bets as you could be taxed on winnings less than $100, so people/tracks were complaining to the state. I think the change is already in effect and actually is in the bettors favor now. Can anyone confirm? ZJaialai?


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