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At present, the fortuitous player winning a ,200 jackpot will find that the machine automatically shuts down until a casino employee arrives with your W2-G. Also, what are some of the expected returns that I will find on slot machines on the Strip where I am staying? Marv B. Also, what are some of the expected returns that I will find on slot machines on the Strip where I am staying? Marv B....

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Personally, I do not support, or expect, the 0 reporting threshold to make it into any finspin cas ino vs jackpot city eybeal ruling.No, Marv, there is no magic switch that’s flipped from some secret undisclosed location, nor chip or machine swapping happening to hornswoggle unsuspecting conventioneers out of more dough.Those 0 jackpots will not only trigger a tax form, but if you play another hour or two, your taxable winnings will probably be long gone by the losses you incur, and your tax liability will still be outstanding....

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Dear Mark: If the automatic W2-G reporting on a slot machine is for a jackpot of ,200, does that hold true for higher-denomination machines as well? Bill W.Those 0 jackpots will not only trigger a tax form, but if you play another hour or two, your taxable winnings will probably be long gone by the losses you incur, and your tax liability will still be outstanding. Uncle Sam figures that since, by law, gamblers must pay taxes on every dollar they win at casinos, bingo parlors, racetracks, even an informal football bet with Uncle Louie, the IRS might as well capture more with a lower jackpot threshold....

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” – Jean Scott I will keep you abreast, Bill, of any change to the gambling tax law. Also, what are some of the expected returns that I will find on slot machines on the Strip where I am staying? Marv B....

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” – Jean Scott With thousands of machines on the floor, it is not cost-effective for casinos to vary the payouts on weekends, holidays, and yes, Marv’s concrete convention.” – Jean Scott...