So for all those who helped me put this together, THANK YOU! For all those who stumble on this thread, here is what I put together! Good luck with your event!! A spread sheet is attached.
The cost is $20 cash per person. Couples may choose to “share” a seat, dividing the set number of spins as they see fit.
Please Note: Others are welcome to join in the day of the Slot Pull even if they did not sign-up online, but a minimum of 10 players in advance are needed to go forward. No sign ups allowed after the event begins.
I will have a sign-up sheet available at the Meet & Greet for anyone wanting to join the event at that time.
Day and time to be announced at the Meet & Greet. (If we have 10 players signed up in advance of the cruise, I will meet with Casino Manager on Embarkation day)
Minimum of 10 players needed to play the Slot Pull. Maximum number of players will be 50. (If more than 50, then a 2nd team will be created.)
Money will be collected, noted on a spreadsheet and entered into the chosen machine directly before commencement of play. Once all monies are in, the play will begin with the players turn in order of the sign-in sheet. The sign in sheet will list names of players and cabin numbers. I ask for cabin numbers in case we need to call with any changes. (We may be able to use the Princess@Sea feature for this but am not sure)
We will be using a $5 machine (if more than 20 players then we may use 2 machines).
We will feed all of the money into the machine(s) all at once.
We will play on a slot machine at max bet, usually a video slot, with an interesting bonus feature and a jackpot potential of at least $2,000 and inclusive of a progressive jackpot feature. We each take 4 spins - if a $5 max bet, 5 spins - if a $4 max bet. Wheel Of fortune has been suggested but not mandatory.
All money and spins will be tracked on a spread sheet along with tallied wins.
For security and tax purposes a single S&S card will be used to track play on a win/loss statement.
If a large enough jackpot is won and all participants agree - play may be halted at that point even if everyone has not had a chance to take their spins. All must agree otherwise we will continue to spin until all have had their equal chance to increase the winnings.
If no jackpot is won and time allows, the group can elect to have another round of play. (majority vote) after each player has had at least 1 round of play to hold a second round of spins, the number of spins will depend on the remaining credit balance on the machine.
End of Game Payout: After all have spun, the credits left on the machine will be divided to the nearest dollar and paid out back to each player as immediately as is possible after end of play. The Casino Bar would be a good meeting place to complete this. Each player will sign the spreadsheet acknowledging their receipt of these funds. The uneven remainder (if any) will be awarded to the player who gets the group the highest amount on their slot pulls. Each person’s winnings will be recorded at the time of their pulls so we know who will get the side pot of the money after the even dollar pay-out.
TAXES: In the event that any single winning pull results in a credit payout exceeding $1,199 (USD) the casino will issue a hand payout in the form of a check (cashable at the casino cage) and fill-out a 1099-G form reporting the win to a single SS# to the IRS. So as to not wipe out one person’s share of the overall winnings, a percentage (Determined by Princess Cruise line) sufficient to satisfy IRS requirements of the hand payout amount, less the group buy-in, will be taken off the top of the community pot and given to the “winner of record” (the person accepting the IRS paperwork) to cover the additional income tax burden.
Door Prizes: There is no Casino Liaison at Princess (that I am aware of) prior to our Cruise, so once on board, I will meet with the Casino Manager to schedule our event (Usually the 1st or 2nd sea day of the cruise) I will also ask if they would be willing to provide some sort of door prize(s). Since this is a courtesy, I cannot guarantee what - if any - prize(s) will be supplied, but if given, these are usually things presented to winners at ship sanctioned activities like a bottle of house wine or shirt. If prizes are provided, they will be available for selection at the end of the slot pull by the highest winner first, then the second highest winner, then the third highest winner, and so forth, until all gifts are claimed.
From my research, this is always a fun event with everyone cheering the others on! Join us if this sounds fun to you!!
If you want to sign up, just let us know here, or email me at firstname.lastname@example.org.
Also, If anyone else would like to help or take over this event, Just let me know!"