Casino Player September 2022

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My wife and I play the $2.00 Double Dou ble Poker machines, which means our current hand-paid jackpots for 4 Aces (with or without a kicker), 4 deuces, and threes or fours with a kicker will not mandate aW-2G.Does that mean that the $1,600 or $4,000 jackpots will be credited directly into my machine? If so, the “floor workers” who normally would receive tips for hand pays would lose that benefit.Also,some machines currently only allow a maximum amount of credits before they eject a ticket.Another interesting feature of hav ing a large amount of money in the machine as opposed to the hand pay being in your pocket, would now require a lot of discipline not to keep playing with your winnings! The new feature makes for some interest ing features but not receiving those W-2Gs makes it easier on the pocketbook! Your thoughts. —Ange B. Somerset,NJ An increase in the tax reporting requirement to $5,000 would mean jackpots of up to that amount COULD be credited directly to your machine. It doesn’t necessarily mean they WOULD. It would be easy enough to adjust soft ware to put larger jackpots on your credit meter. However, changes in the way jackpots are paid would have to be approved by state gaming boards.There likely would be a period of different regulations in different states. In addition to tax reporting require ments, there’s an anti-money laundering as pect to how much money is allowed on a credit meter.That’s where your question about automatic ticket printouts comes in. Many casinos set $3,000 as a minimum to report large transactions in order not to run afoul of money laundering operations.So any win on a slot or video poker machine that would push the meter over $3,000 is printed as a ticket instead. If that remains in effect, then you’d often see jackpots printed out or paid by hand instead of going on the me ters. Certainly, a decrease in hand-pays would decrease tipping situations for slot personnel. You also are likely correct that putting large amounts of money on the meters would increase impulse wagering with money that otherwise wouldn’t be put to risk. As always, it must be said that even though a jackpot doesn’t trigger a tax form before the player can get paid, the IRS still considers the money taxable income. Reporting is up to you.

I get the casino needs to make a profit,but wouldn’t it be more fair to pay 190,000 or so?

—Anonymous Via the Internet

Your wagers fund not only payoffs on royal flushes, but pays on high pairs, two pairs, three of a kind and so on up the poker ranks. If a game paid anywhere close to true odds on a royal, there would be nothing left to pay four of a kind, full houses or other winners. Anything but a royal would be a losing hand. If you could afford it, you could play for hours and hours without ever seeing a winning hand. No one would play a game like that.We need the smaller payoffs to keep us going. Bar-Top Gaming Are there any casinos in Las Vegas that have video poker bar machines that also have the Buffalo slot games available on their machines. Thank you. —Tanya We checked with the folks at Aristocrat Tech nologies, manufacturers of Buffalo slots, who said Station Casinos and the Silverton in Las Vegas all have bar-top machines installed fea turing these games. Multi-Denom Payback I love both your magazines, Casino Player and Strictly Slots . I read both of them from cover to cover. My question is, when you are playing a machine on which you can change the denom ination from 1 cent to $25 or whatever the ranges are, do the payout percentages improve when increasing the denomination you play? Looking forward to your response. —Rick P. Greencastle, PA In general practice, yes. Modern multi-game machines store a separate game program for each game choice.While it’s possible to make every choice the same percentage, casinos have always rewarded higher wagers with higher returns.You can expect the casino’s pay back percentage policy for denominations in separate machines to apply that same policy to separate games in one machine. Taxable Slot Jackpots I love the information provided by Strictly Slots and Casino Player magazines. I have several issues regarding Congress possibly raising the taxable threshold to $5,000.

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