Red-Sol Posted August 18, 2016 #1 Share Posted August 18, 2016 Hi Folks, While I know chances are remote...I was wondering what would happen during a slot pull if anyone hit it big...how would the taxes be handled? Link to comment Share on other sites More sharing options...
txagfan Posted August 18, 2016 #2 Share Posted August 18, 2016 (edited) It would be a pain in the ass. If you're lucky someone in the group has a gambling problem and would have losses to offset the win and be willing to claim the prize and distribute to the participants. Sent from my iPhone using Tapatalk Edited August 18, 2016 by txagfan Link to comment Share on other sites More sharing options...
xriva Posted August 18, 2016 #3 Share Posted August 18, 2016 I would think each person would be responsible for their portion, but if you needed statements from the casino, it might get interesting. The simple way to solve this is how we did it a couple of years ago. One of our players hit a $1000 pull just after the slot pull ended. Ouch. We were all standing around, waiting to cash out. Link to comment Share on other sites More sharing options...
mom2tcdx2 Posted August 18, 2016 #4 Share Posted August 18, 2016 On our slot pull I think the one playing it when the spin was hit, was the one who claimed it. He hit $1000, that was then divided among 23 of us. I don't recall though doing anything special in terms of the win and we didn't all list as being part of it. Not sure if he typically had enough gambling losses anyway and didn't mind or if they didn't even give him a form for it. Link to comment Share on other sites More sharing options...
mafig Posted August 18, 2016 #5 Share Posted August 18, 2016 I don't think a form is required for $1,000. I thought it was higher ($2,000?). I remember reading that's why a lot of slot jackpots are $1,999. Can't speak from experience. The most I've ever won at slots is $600. DH won around $900 once. It didn't require any form. Link to comment Share on other sites More sharing options...
gary222 Posted August 18, 2016 #6 Share Posted August 18, 2016 Is there a service charge on your winnings? Link to comment Share on other sites More sharing options...
denatravels Posted August 18, 2016 #7 Share Posted August 18, 2016 I would like to have this problem!! Sent from my iPhone using Forums Link to comment Share on other sites More sharing options...
pspercy Posted August 18, 2016 #8 Share Posted August 18, 2016 (edited) My best is $400. I'm sure they've more than got it back:) I saw a guy win thousands on a poker machine, more than once, on a Royal Carrib transatlantic. They just counted out the $$ on the spot. Anyone else come across "Mr Dennis"? Closed loop cruises out of a US port might get you a 1099 if over a certain amount? Edited August 18, 2016 by pspercy Link to comment Share on other sites More sharing options...
Casino Comp Chick Posted August 18, 2016 #9 Share Posted August 18, 2016 A 1099 is given out on any jackpot over $1200.00. If you have a Canadian in the group they should cash it out, it is tax free for them. Link to comment Share on other sites More sharing options...
TYSONBOXER Posted August 18, 2016 #10 Share Posted August 18, 2016 My daughter in law hit for $2500 last week on the breakaway. They gave her a 1099 for. That means she has to declare it when doing her taxes. She will have to pay tax on it. Sent from my iPad using Tapatalk Link to comment Share on other sites More sharing options...
david_sobe Posted August 18, 2016 #11 Share Posted August 18, 2016 I never won big. In 2009 the Jewel used to have a wall of winners in the casino. They had photos of some $2500 winners and even a $5000 winner. Nothing HUGE though. But the years between the "big" winners tells the whole story. It was years between the big winners. You can imagine the amount of slot pulls between the big winners. They always promote a chance at $10k at bingo. That does happen but about every 5 years or so. During bingo on the Sky one of the workers was telling the story of this grandma who was cruising celebrating her birthday and won $10k at bingo. It was many years before my sailing so it put things in perspective. NCL like any cruise line will never comment on their casino. But its no secret the casinos at sea are much tighter than Las Vegas. Link to comment Share on other sites More sharing options...
Cruisin'Christine Posted August 18, 2016 #12 Share Posted August 18, 2016 On my last cruise, I won $500 playing slots twice, for a grand total of $1000. And as soon as I won each $500, I stopped and kept it. I am the type who only plays about $20 per visit (maybe 3 times during the cruise), so it was awesome. Never had to pay any tax. Link to comment Share on other sites More sharing options...
bobg529 Posted August 18, 2016 #13 Share Posted August 18, 2016 The CC group won over a grand on my last cruise, I think we each cleared like $70 when we split it up. We had s Canadian among us and she took in the prize so no taxes![emoji106][emoji3][emoji383] Link to comment Share on other sites More sharing options...
riddle Posted August 18, 2016 #14 Share Posted August 18, 2016 You only get a 1099 if one win is over $1200 or over. On your taxes it can be offset by any losses in the year. You need to itemize in order to use the losses as an offset. Link to comment Share on other sites More sharing options...
cb at sea Posted August 18, 2016 #15 Share Posted August 18, 2016 Slot pulls are divided by ALL players...no way to win enough to incur taxes! Link to comment Share on other sites More sharing options...
bbixler18 Posted August 18, 2016 #16 Share Posted August 18, 2016 Slot pulls are divided by ALL players...no way to win enough to incur taxes! If the spins pays $1,200 or more someone will have to claim the prize. Anything $1,200 or more requires a hand payout by the casino and you will be handed a 1099 for the IRS. Doesn't matter how much you bet or how many people were in the pool, it only matters that the single spin resulted in a win of at least $1,200. Link to comment Share on other sites More sharing options...
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