1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Slots high denomination slot machine handpay tax?

Discussion in 'Slots' started by NewOrleansSlimm, Nov 15, 2015.

Thread Status:
Not open for further replies.
  1. NewOrleansSlimm

    NewOrleansSlimm Low-Roller

    Joined:
    Mar 28, 2015
    Messages:
    647
    Location:
    New Orleans, La
    Trips to Las Vegas:
    8
    i dont play slots often, seems usually only when i get drunk and have to kill some time or wear alcohol off, usually stick to the tables

    only had 1 hand pay on a $1 machine and got my tax slip...I know its $1,200 hit or more on a machine and you get taxed

    my question is, How does it work if your on a high denom machine like a $25 on up to a $1000 machine, even the small hits will usually be over the $1,200. so do they have to tax you each big hit like that or is it different on those machines


    and for say the $1000 machine,(im not playing it) but if i done max spin for $2000 a spin, can they program the amount to play or do you have to sit there and insert 20 $100 everytime you wanna spin, can get pretty boring
     
  2. adbynot

    adbynot High-Roller

    Joined:
    Mar 31, 2010
    Messages:
    552
    Location:
    Edmonton,Alberta
    Trips to Las Vegas:
    9
    AFAIK, any hit over $1200 regardless of denomination played would require a handpay, as far as those big limit machines you would go to the cage and get a tito slip for the amount you want and just slip it in.
     
  3. tringlomane

    tringlomane STP Addicted Beer Snob

    Joined:
    Jan 21, 2013
    Messages:
    9,895
    Location:
    Missouri
    Trips to Las Vegas:
    15
    At significantly high limit machines, sometimes they have an individual there writing down all your taxable hits to save you playing time. Any win $1200 or more has to be documented. As for money input, you can get a large TITO from the cage to fund the machine if you like.
     
  4. Bondy3

    Bondy3 Low-Roller

    Joined:
    Jan 28, 2013
    Messages:
    360
    Trips to Las Vegas:
    4
    Can't they just monitor your wins and losses because your being tracked on your players card and then send you a Profit/loss statement at the end of the year? I would think that would make more sense then having someone write down every hit you have
     
  5. paperposter

    paperposter VIP Whale

    Joined:
    Jul 23, 2011
    Messages:
    5,844
    Location:
    everywhere
    Trips to Las Vegas:
    999
    nope , every time you hit you get a tax form, hand pay machine resets.

    you still get the other at the end of the year
     
  6. DeMoN2318

    DeMoN2318 The DERS

    Joined:
    Aug 6, 2012
    Messages:
    2,072
    Location:
    Arizona
    Trips to Las Vegas:
    25
    What if you don't have your card in...
     
  7. tringlomane

    tringlomane STP Addicted Beer Snob

    Joined:
    Jan 21, 2013
    Messages:
    9,895
    Location:
    Missouri
    Trips to Las Vegas:
    15
    Player cards are optional. I listen to many gamblers who play without player cards because they think they do better without them and forgo whatever comps they might earn on them...

    And not everyone plays on their own card. On a Tunica trip this year, I accidentally left my Total Rewards card in a slot machine. It was a Margaritaville card, so i went back to retrieve it. By the time I got back, another guy earned 35 Tier Credits on my card unintentionally.
     
  8. paperposter

    paperposter VIP Whale

    Joined:
    Jul 23, 2011
    Messages:
    5,844
    Location:
    everywhere
    Trips to Las Vegas:
    999
    doesnt matter , if u hit a hand pay they still pay but you need id so they can do the tax form otherwise they wont pay you.
    u can play with out a players card anywere but casinos can limit your play play if they want to
     
  9. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    11,132
    Location:
    TN
    Trips to Las Vegas:
    19
    This is not a casino rule. It is an IRS rule. Win/loss has nothing to do with it. Many players that hand pays (even multiple in one night) still leave with less money than they came in with. But they do have lots of paper in their pocket in the form of W2-gs.

    Also, all wins are taxable. Only those over $1,200 get the form.
     
  10. Easy9

    Easy9 Low-Roller

    Joined:
    Nov 16, 2015
    Messages:
    111
    Trips to Las Vegas:
    45
    They keep a slot attendant near me in HL and I get a w2G for each one over $1200, I sign and then they mail them all to me at the end of the year but you have to sign them then. I dont want to carry the paperwork around with me, so its nice.
     
  11. NeoDough

    NeoDough Tourist

    Joined:
    Nov 23, 2013
    Messages:
    55
    Location:
    California, USA
    Trips to Las Vegas:
    20
    Unless they're doing something unusual (withholding for example), you actually don't need to sign them then .. or at all.
     
  12. leo21

    leo21 VIP Whale

    Joined:
    Jan 9, 2010
    Messages:
    4,713
    Location:
    Chicago South Suburbs
    Trips to Las Vegas:
    14
    That's probably casino policy to make someone sign. If a casino will m so keep you sign on a "hopper" malfunction for a couple bucks, they are going to make you sign all W2Gs.
     
  13. irmster

    irmster Low-Roller

    Joined:
    Mar 28, 2011
    Messages:
    293
    Location:
    London
    Trips to Las Vegas:
    20
    At Wynn for high rollers they set up a daily spreadsheet with all the hand pays and then give you a copy at the end of the (gambling day). If you are in the HL room you don't have to wait very long every time you have a hand pay.
     
Tags:
Thread Status:
Not open for further replies.