Table Games Million Dollar 6 Card Sucker Bet hits again at Harrahs

I'm in Vegas now. Literally all anyone can talk about at the moment is the woman who won $1 million this morning playing 3 Card Poker at Harrahs.

Apparently she was down to her last $20 in chips when she hit it.

Interestingly, when someone hits it they have to have someone bring out $1 million in chips to the table!!! I thought they would just write them a check or something....

 

Atleast the Lion's Share buzz will die down some.

 

I honestly don't know how I would react if I had a hit like that. Would I go nuts? Would I be in shock? Would I run laps around the casino while stopping briefly to take shots?

And when these big bets hit do the casino execs get pissed?

 

I was just talking about this with DH of what would I do if I hit that - tho highly doubtful I'd play the sucker bet in the first place.. But instant millionaire just like that. I think I'd be in a state of shock first. I'd like to hope I'd react rationally and look at spending it on real estate instead of purses, shoes and jewellery.. I would get some high quality celebratory bubbles.. that's a definite..

 

I would probably be in shock...

After taxes how much would the payout be?

Assuming less 30% I would take a check for $600k and the rest in cash and have an insane finish to my Vegas vacation. As soon as I got home I would invest that $600k

 

Might be a stupid question....but why would it be taxable since it was won at a table game? I know slots require a W2 over a certain amount, but I figured tables would be different, even with side bets.

 

I think i need to try this out.

it is a 200,000 to 1 payout. and it is a winning so yea it needs to be reported.

 

Well, first of all, winnings are taxable no matter how big or small they are. And failing to report a win that big on your taxes is just asking for a world of trouble from the IRS.

Assuming you're just asking about the documentation, for table games (and most other non-slot gambling) a W2G is generated on any win that's more than $600 and more than 300:1. Since I'm assuming the side bet doesn't require a $3,333 wager, then you've hit that threshold.

 

My wife and I walked into it this morning must have been with in a few minutes . she was shaking so bad could not light her cigarette, I took a pix but didn't come out so good, hit diamond royal super flush 9-Ace. Good for her,

 

Nice hit, wish it was me lol!

 

The top tax bracket is 39.6%. Assuming you are single and have no other tax liability then federal income tax is $353,045. Married filing jointly is not much different at $342,752. If you life in a state with income tax then you can subtract another large chunk.

 

Even if you could get that money without a tax form, it is highly unlikely the government would miss that big of a payout so you would have to declare it anyhow... unless you were planning to flee the country forever, I suppose.

 

Wow another big win at a CET property. Maybe I ought to try my luck at a place not named Planet Hollywood and Harrahs.

 

Dealer at Harrahs last night said they only tipped $1000. She sounded bitter.

She said that the person who hit it at PH in July only tipped $500.

 

I find it sad that anyone would find a $1000 tip to be "too little".
I doubt that I would have tipped any more than $5000 myself, but even at $1000, that's not too shabby for simply being the one who dealt the cards.

 

+1. I'd probably go $1-2k but that would still most likely result in grumbling amongst the dealers. I do see it from their point of view in that since these payoffs are so rare they are hoping the tips would be equally rare and well done.

 

Tips are usually divided among all the dealers that worked on that day. A good estimate would be 300 dealers per day over 3 shifts. So, a $1000 tip would mean $3.33/dealer......for just that tip.

On the other hand...........people wouldn't know the million dollar winners history. They may be a big player that is already down 1 million on the year. They may be a new-ish player that really doesn't have a concept about tipping dealers.

From my standpoint, I think $1000 is too little. BUT....I frequent Las Vegas and know a lot of dealers well, so I would like to think that I would tip at about $20k.

 

I might consider a $20K tip...if I could subtract it from my taxable winnings!

 

pphold and I are going to win it at CP this weekend. Make sure every CET property gets a turn.

 

I'm not saying I am more generous..........I just think tipping is good karma. I play a lot of craps and I tend to tip a shooter that has a long run and I've made a bunch of money from. I'll put a shooter up on bets as well and make Fire bets for "craps virgin". If virgin shooters are supposed to be lucky....I'm hoping that my fire bet for them seals the deal!