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25 March 2015
By John Robison, Slot Expert™
In one sense, it used to be much easier to answer questions when I first started this column almost 20 years ago. The only significant gaming jurisdictions were Nevada, New Jersey and Mississippi, and the machines operated the same way in each place. Now there are so many more jurisdictions, each with its own twist on how slot machines and casinos should operate.
In another sense, it's much easier to answer questions today. I can frequently find what I need to know on the Internet.
I found Maryland's gaming regulations online and this link http://www.dsd.state.md.us/comar/getfile.aspx?file=36.04.01.14.htm contains the regulations for the Random Number Generator. The following is an extract from that page:
Even though Maryland calls its machines "video lottery terminals," the machines are Class III slot machines. The video poker machines at the Horseshoe deal from a fair deck and 9/6 Jacks has a long-term payback of 99.54% when played with perfect strategy.
I don't know what "working on a slot machine" means. Were you "working" on a machine the way crooks with monkey's paws and other cheating devices used to "work" on slot machines?
Actually, I think you bought a used slot machine or are restoring a machine for someone. If you worked for a casino, you would know that you can't redeem tickets you've found.
I don't know what you mean by "validation date". Do you mean expiration date or issue date? In any case, tickets expire. Each ticket should show either an expiration date or an issue date and a statement that the ticket expires after a certain period of time.
I'm reminded of a ticket scam some casino employees ran a few years ago. They looked in the ticket system to find tickets nearing their expiration dates, figuring that the players to whom the tickets were issued would not be coming back to redeem them. The scammers reissued and redeemed the tickets, and after a bit of research by casino security, they were rewarded with revocation of their gaming cards and rescission of their job offers.
If the expiration date of a ticket has not yet passed, the ticket is worth face value. But you should rip the tickets up or return them to the casino. The tickets don't belong to you and, unlike cash, they are traceable.
I have good news and bad news of interest to all slot players.
First, the good news. The wish of many slot players has been answered. In early March, the IRS issued a proposal to alter the threshold for triggering a W-2G.
The current threshold of $1200 was set in 1977. This is a few years before my initial casino visits and quite a few years before my regular visits. This is also before the Telnaes patent (virtual reels) and computer-controlled slots, which made large slot jackpots possible. At the time, I suspect that a $1200 jackpot was a fairly rare event.
Not so today. Top jackpots on dollar machines are almost always over $1200, and $1200 wins are common on $5 and $10 machines. Many players think the threshold is too low.
And not fair. A table game player could bet $1200 on, say, red at a roulette table and win $1200 and not be given any paperwork whatsoever.
And now the bad news -- The IRS is proposing lowering the threshold to $600!
The reasoning is that lowering the threshold brings slot machines in line with lotteries and sweepstakes, ending some confusion. The IRS also says that the slot floor is automated now, and lowering the threshold will not be a burden on the casino.
The casino industry has objected, saying that despite the automation, there is a large increase in paperwork and machines will be out of service much more frequently and for more time overall pending the issuance of the tax forms to the players.
The proposal is currently in the 90-day comment period. There are about two months left. I'll let you know the final decision.
Send your slot and video poker questions to John Robison, Slot Expert™, at email@example.com. Because of the volume of mail I receive, I regret that I can't reply to every question.
18 March 2015Your answer to the slot ticket scam letter was not good. I had this exact problem with a $10 bill in a casino in Colorado. The slot attendant checked the machine and it said the last bill was a $20 bill. I insisted that I put in a $10 bill. He then got someone else to watch and they opened the cash box and found my crumpled bill in the cash box on top. ... (read more)
11 March 2015I put a slot voucher for $12.40 into a slot last night and the slot sucked it in but did not acknowledge it in the credits. I had a slot attendant open the slot and my ticket was not there, so she brought up some kind of message on the screen that said the last ticket that went in was only 10 cents. ... (read more)
4 March 2015Last October I had back-to-back royal flushes at the Pala Casino in California, but no big jackpot. I played craps for 12 hours until 3:15AM and then sat down at a nickel video poker machine to play for a few minutes and sip a soda before I went back to my room. I put $20 in the machine. It was a "hot" machine and I started winning small amounts immediately. ... (read more)