---
title: "Idea:  IRS rules say that if a 501c3 operates a gaming operation,…"
date: 2019-05-01
source: facebook
type: Archer T. Ships shared a link.
---

# Idea:  IRS rules say that if a 501c3 operates a gaming operation,…

*May 1, 2019 · Facebook*

::::: {}
::: {}
[https://minko.to/](https://minko.to/){target="_blank"}
:::

::: {}
Idea: IRS rules say that if a 501c3 operates a gaming operation, then the gaming losses cannot be deducted by the gambler as a charitable donation (even if the money is spent on the non-profit\'s mission).\
\
But what if the gambler locks up two Monero payments in escrow, one for \$100 and one for \$2. If the gambler loses \$100, then the gaming company releases the \$100 from escrow, and forwards it to the charity, and the gaming company receives \$2 as their house fee.\
\
Then, if the IRS ever audited the gamer, they could show them that the \$100 payment was made directly to the non-profit.\
\
Idea prompted by the beta launch of Minko, a Monero based Pachinko game that will donate the first month\'s profits to Monero development.\
\
[https://minko.to/](https://minko.to/){target="_blank"}
:::
:::::