Experience the premier art and architecture tour on the Las Vegas Strip. A 90-minute, guided tour of The Venetian Resort lets you explore the unforgettable art and architectural features that the property has to offer. This should get something going. A nice debate, I hope. Although I will fiddle around with Lobstermania and those bandit 6X poker machines that WW's DH just hit for a hand pay and Video Poker, which I don't consider a slot, I can't imagine going to Las Vegas and playing nothing but slot machines. I would punch myself in the face out of sheer boredom. When you’re ready to raise the stakes, the High Limit Lounge is ready for you. Slip away from the rest of Vegas and join a riveting high-stakes game or sip on a handcrafted cocktail. From the moment you enter, the plush surroundings and upscale ambiance let you know you’re somewhere special. Located on the Casino Level next to the Main Cashier. So the cardinal rule is, over the long haul, whether playing the slots, table games, betting on sports or risking money on anything; you will probably lose. But some bets are better than others. It is beyond the scope of this website to provide in depth strategy on how to gamble and win in Las Vegas.

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Topic Statistics

leapday76

What is the threshold for taxation (W-2G) on the main and side bets for specialty/novelty games (e.g., the Fortune Bonus on Pai Gow Poker, Let It Ride, etc.)?
I'm a table games dealer and I've witnessed the following:
A) On Let It Ride, the Player wagered $300/spot, let all three bets ride, and hit a Straight Flush. At 200-1 per bet, he should have been paid $181,200, but the win exceeded the table maximum and was paid $75,000. He was not taxed.
B) On Pai Gow Poker, the Player wagered $5 on the Fortune Bonus, and caught Five Aces. At 400-1, she was paid $2,000. She was not taxed.
C) On Pai Gow Poker, the Player wagered $100 on the Fortune Bonus, and caught a Royal Flush (with no Royal Match). At 150-1, he was paid, $15,000. He was not taxed.
Any information you can provide regarding these 'jackpot-like' wins would be greatly appreciated.

beachbumbabs
Administrator

What is the threshold for taxation on the main and side bets for specialty/novelty games (e.g., the Fortune Bonus on Pai Gow Poker, Let It Ride, etc.)?
I'm a table games dealer and I've witnessed the following:
A) On Let It Ride, the Player wagered $300/spot, let all three bets ride, and hit a Straight Flush. At 200-1 per bet, he should have been paid $181,200, but the win exceeded the table maximum and was paid $75,000. He was not taxed.
B) On Pai Gow Poker, the Player wagered $5 on the Fortune Bonus, and caught Five Aces. At 400-1, she was paid $2,000. She was not taxed.
C) On Pai Gow Poker, the Player wagered $100 on the Fortune Bonus, and caught a Royal Flush (with no Royal Match). At 150-1, he was paid, $15,000. He was not taxed.
Any information you can provide regarding these 'jackpot-like' wins would be greatly appreciated.

I am not a tax expert, but I have won 3000 on a Fortune bet, and 3300 on a slot jackpot (In the same day!). Neither was taxed. Both times, my player card was in use. I had to sign documents and show ID to collect the full amount, and I think they might've filed a W2G (I expected one), but I didn't get one come tax time.

If the House lost every hand, they wouldn't deal the game.

AcesAndEights

When you say 'taxed' do you mean 'given a W2-G'? Or do you mean 'taxes actually withheld on the spot?'
The terminology is confusing because

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all gambling winnings are taxable (for citizens of the US of A, that is). It's just up to you to self-report it in the majority of cases.
Confusing things even further is that if you hit a slot jackpot of over $1200 (the most commonly understood W2-G case), you will get a W2-G regardless, but may or may not have taxes withheld on the spot. If I understand the law correctly, you won't have any taxes withheld as long as you provide a SSN or a TIN. If you fail to provide either, you will have some set percentage withheld and remanded to the IRS.
For table games, I believe the rule is that a win of 300-1 or greater, with a payout of $600 or greater, should trigger a W2-G. So case (B) from your example should have required a W2-G, but not the other two. However I am unclear on when taxes are actually withheld in the case of a table games W2-G. Is it the same rule as slots?

'So drink gamble eat f***, because one day you wil

Las Vegas Table Games Vs Slot Taxes