Casino Question

[wvgolfchic]

We are on the Star June 28th. For the slot machines in the casino, do you use cash? Tokens? If you win, can you turn in for cash, or is it shipboard credit?

 

Thanks

[nyflush]

We are on the Star June 28th. For the slot machines in the casino, do you use cash? Tokens? If you win, can you turn in for cash, or is it shipboard credit?

 

Thanks

 

Hi You use cash/Bills If you win or at anytime you can just cash out and you will get a ticket that you turn in for cash! If it is a jackpot of $1200 or more you will get a hand payout and a tax form.

 

Have a great cruise and good luck!

[Toyz711]

it takes cash...last cruise, all the machines were coinless. no coins, just paper money. they pay out in tickets, that you cash at the casino cashier or play in another machine. (same as most land-based casinos)

if you play enough, you can get points...the last night of the cruise you can cash those point to money against your onboard account. usually not that much, but every little bit helps.

http://www.ncl.com/nclweb/cruiser/cmsPages.html?pageId=CasinoAZ

[wvgolfchic]

Thanks! Sounds great, and I certainly hope I hit a jackpot - LOL! BF likes the card games, so I may be spending some time on slot machines.

[WhenIsOurNextCruise]

Having hit a few jackpots over $1200 (the U.S. / IRS limit for receiving a W2G in a stateside casino), on cruises, I have NEVER gotten a "tax form". Do you really know someone who has?

[jhayman]

Having hit a few jackpots over $1200 (the U.S. / IRS limit for receiving a W2G in a stateside casino), on cruises, I have NEVER gotten a "tax form". Do you really know someone who has?

 

 

I was wondering that too since you aren't in the US or onboard a US flagged ship. I would think that they aren't bound by the W2G requirement. Anyone know for sure? :confused:

[salty dingo]

How do they keep up with how much you lost before you won the jackpot? Doesn't the IRS know that gambling over the long run, most people lose more than they win?

[nyflush]

How do they keep up with how much you lost before you won the jackpot? Doesn't the IRS know that gambling over the long run, most people lose more than they win?

Yes you will get a win loss statement at the end of the year from each casino. The IRS is well aware as is the casino that Major players lose in the long run.

[nyflush]

I was wondering that too since you aren't in the US or onboard a US flagged ship. I would think that they aren't bound by the W2G requirement. Anyone know for sure? :confused:

 

Yes I know for sure :) they will ask you for your ID when you win and your SS#. Different story in the Bahamas but I didnt win there:(

[nyflush]

Here's some Info from the NCL Casino at sea site:

IRS Reporting

W2G or 1042S forms are issued for single slot machine winnings in excess of $1200.00 or a single table wager earning more than 300% return, as in the case of a Caribbean Stud Progressive Jackpot Win.

Federal Income Tax Act stipulates that all American citizens and Permanent Residents are subject to global income tax. Regardless if a US citizen or Permanent Resident earns this income in international waters or with a ship that carries a foreign flag, if income is generated, such income becomes taxable. If a Social Security number is furnished, then the document W2G will be issued with NO upfront tax deduction. If a Social Security number is not furnished, then an upfront withholding tax will apply. Foreign guests will be taxed only if winnings are derived within US domestic waters. Whenever a tax form is issued to the guest, a duplicate copy will be sent to the IRS.

For more information, guests are advised to contact a professional tax advisor. Win/Loss Statements will be provided by NCL on a request basis at the end of the calendar year. All requests should be directed to Casino Operations in writing.

Here is the Link: http://www.ncl.com/nclweb/cruiser/cmsPages.html?pageId=CasinoAZ

 

And Lets all hit some Jackpots!!!

[garycarla]

Having hit a few jackpots over $1200 (the U.S. / IRS limit for receiving a W2G in a stateside casino), on cruises, I have NEVER gotten a "tax form". Do you really know someone who has?

 

I hit over $1200 and they did one of those forms. I was under the understanding that was part of their agreement with docking in the states, etc.

 

And of course, as a good citizen, everyone would report it anyways.

[aces389]

NCL will give you a 1099 for slot wins over $1,200 but RCL does not. Can't say why. Don't know what Carnival does.:)

[nyflush]

NCL will give you a 1099 for slot wins over $1,200 but RCL does not. Can't say why. Don't know what Carnival does.:)

 

Do you sign anything on Carnival?

[garycarla]

NCL will give you a 1099 for slot wins over $1,200 but RCL does not. Can't say why. Don't know what Carnival does.:)

 

Actually it is a W2-G, not a 1099, which is used for earned income. It is treated different on your tax form.

[WhenIsOurNextCruise]

Celebrity and RCL do NOT give you a W2-G and do not get your social security number. Also, if you itemize deductions, you can write off losses up to the amount of reported winnings. Most people who have winnings can offset them with losses - but be aware you should get a statement from the casino to back up the losses in the event of an audit. That's why playing with a player's card is important.

[nyflush]

Celebrity and RCL do NOT give you a W2-G and do not get your social security number. Also, if you itemize deductions, you can write off losses up to the amount of reported winnings. Most people who have winnings can offset them with losses - but be aware you should get a statement from the casino to back up the losses in the event of an audit. That's why playing with a player's card is important.

 

I have never been on RCL or Celebrity so if someone wins over $1200 on a slot machine they do not send this to the IRS and if you play without a card then there is no record of who won is that right?

[LemurCat]

I have never been on RCL or Celebrity so if someone wins over $1200 on a slot machine they do not send this to the IRS and if you play without a card then there is no record of who won is that right?

 

Nope, they have to fill out a slip to account for the cash coming out of the cage, or to account for a credit to your shipboard account (depending on how the casino pays out). Casinos ALWAYS have a paper trail with their big wins. There is no escaping it.

[slotaddict]

Fortunatley for me on my last cruise on the Pearl, I won about $ 4200.00, 2 $ 1,000.00 hits and smaller ones. So no tax form for me.:D

[nyflush]

Fortunatley for me on my last cruise on the Pearl, I won about $ 4200.00, 2 $ 1,000.00 hits and smaller ones. So no tax form for me.:D

 

Thats the way to do it!

[MacAndrews]

...last cruise, all the machines were coinless. no coins, just paper money. they pay out in tickets, that you cash at the casino cashier or play in another machine. (same as most land-based casinos)

 

Jesus, Mary and Joesph I wish I had thought of the paper ticket sytem. It has been a huge change to the Casino industry. I read that when the MGM Grand was first opened it took four tractor trailers just to haul in all the quarters.

[Fishbait17]

I hit over $1200 and they did one of those forms. I was under the understanding that was part of their agreement with docking in the states, etc.

 

And of course, as a good citizen, everyone would report it anyways.

 

Just got a W-2G on the Pearl for a jackpot hit of EXACTLY $1200 (was hoping it would stop at $1199 lol or go waaay higher, it was a Cashman bonus). The difference may be "winning" over $1200 vs. a "jackpot hit" over $1200. You can hit unlimited $1000 hits and not get a W-2G, but one spin that hits over $1200, you get a W-2G for that one spin only.

 

Robin

[garycarla]

Yep, the rules are to issue a W-2 at exactly $1,200 or more. I personally would be more than happy to just take $1,150, but nooooooo......

 

Not sure why they do not set those bonus levels to come just short of $1,200. What a pain, on so many levels.

 

Yes, you could hit $1,000 bonus jackpots all day long. No W-2g will be issued. Of course, you are technically supposed to report ALL winnings.

[slotaddict]

Or you could be like me and your win/loss statement (mostly loss) cancels it out.:eek: