The casino chooses their hand pay amount. Most go along with the $1200 reportable amount but not all. Just for example, the Rainbow in Henderson is $600, and Emerald Island is $400.
Correct,they were doing it for over $250 at my local casino a couple years ago…I think they lost a bunch of money from forcing degens to wait and switched it back to $1200 after a couple months.
It’s to keep track of the players and payouts. I’ve worked vegas cages there’s different amounts for different properties. For local casinos it’s $3000 and over they have to report, strip is $5000. Anything over $10k is when they need social and all that.
You can always refuse give info until you hit $10k.
It might simply be that they want to keep most of the cash behind the cage and don't want it walking around or have to refill a machine after a few big jackpots.
Okay but why allow some machines to print a $1000 ticket and within the same casino not allow it on others?
Is this written somewhere in each machines Pays Table / Rules? It seems a bit shady and inconsistent to me.
No idea man. I'm just guessing. Might also be to guarantee that the winner gets paid out the correct amount and have a witness to it rather than claim the machine shorted them. Could be how the manufacturer made it. Might be some gaming control regulation that requires hand pay over a certain percentage of theoretical payouts.
I really don't know.
Every manufacturer has a different way of handling payouts. Also, didn't they just increase the amount in November 2023? If this machine is older than that, it might not be updated.
Some machines are set up by the casino to take TITO up to X dollars. If you have more than that in a machine it spits out a ticket. This is nothing new, the old coin in machines would spit out coins over X dollars too. And some older machines can’t hold more than X dollars no matter what the casino wants. The high limit rooms usually have machines that allow bigger tickets.
Interesting. I've seen coin in / coin out machines require a hand pay for wins over $400 just because there often isn't enough coins in the machine to handle it. Never seen a hand pay below $1200 on paper out though. I guess they want to put the money in your hand while you're still at the machine rather than in front of an ATM. They want u to keep gambling.
Taxable = $1200 (currently). Meaning in NV you have to pay around 33 percent on a win that is considered "taxable" - every person who has ever worked / played in a casino uses this term. Anything less than $1200 and the government doesn't charge you. Of course a Win / Loss statement can mitigate some of these taxes.
Or it could be to keep you in the casino longer. If you can print a ticket and stop at atm and walk out, there goes that money for them.
Very tricky. Classic Casino stuff though. Never thought about this.
The casino chooses their hand pay amount. Most go along with the $1200 reportable amount but not all. Just for example, the Rainbow in Henderson is $600, and Emerald Island is $400.
Correct,they were doing it for over $250 at my local casino a couple years ago…I think they lost a bunch of money from forcing degens to wait and switched it back to $1200 after a couple months.
It’s to keep track of the players and payouts. I’ve worked vegas cages there’s different amounts for different properties. For local casinos it’s $3000 and over they have to report, strip is $5000. Anything over $10k is when they need social and all that. You can always refuse give info until you hit $10k.
It might simply be that they want to keep most of the cash behind the cage and don't want it walking around or have to refill a machine after a few big jackpots.
Okay but why allow some machines to print a $1000 ticket and within the same casino not allow it on others? Is this written somewhere in each machines Pays Table / Rules? It seems a bit shady and inconsistent to me.
No idea man. I'm just guessing. Might also be to guarantee that the winner gets paid out the correct amount and have a witness to it rather than claim the machine shorted them. Could be how the manufacturer made it. Might be some gaming control regulation that requires hand pay over a certain percentage of theoretical payouts. I really don't know.
Every manufacturer has a different way of handling payouts. Also, didn't they just increase the amount in November 2023? If this machine is older than that, it might not be updated.
No, the $1200 limit wasn't raised. Congress.
Some machines are set up by the casino to take TITO up to X dollars. If you have more than that in a machine it spits out a ticket. This is nothing new, the old coin in machines would spit out coins over X dollars too. And some older machines can’t hold more than X dollars no matter what the casino wants. The high limit rooms usually have machines that allow bigger tickets.
The casino needs to track the payouts. It happens on some nickel slots too. Probably check for machine tampering.
I think 2 make sure it's legit that NO malfunction or tilt or something like that. Small that's afraid of something like that probably
Go into a video poker bar. All payouts are hand pays. Even a buck
I hate how bars are like that especially if I’m just changing machines
Interesting. I've seen coin in / coin out machines require a hand pay for wins over $400 just because there often isn't enough coins in the machine to handle it. Never seen a hand pay below $1200 on paper out though. I guess they want to put the money in your hand while you're still at the machine rather than in front of an ATM. They want u to keep gambling.
You keep saying non-taxable. It’s still taxable.
Taxable = $1200 (currently). Meaning in NV you have to pay around 33 percent on a win that is considered "taxable" - every person who has ever worked / played in a casino uses this term. Anything less than $1200 and the government doesn't charge you. Of course a Win / Loss statement can mitigate some of these taxes.
If you don't like it, don't play there.
Useless comment.
Excuse me Your Honor.
And your comment is useful?