- 5000 Dollar Slot Machine Winners
- 5000 Dollar Slot Machine
- 5000 Dollar Slot Machine Huge Handpays
- 5000 Dollar Slot Machines
- 100 Dollar Slot Machine Winners
- Top Dollar Slot Machine
Players dream of hitting a big jackpot when they play the slots. When that day comes for you, you'll have questions about the taxes you must pay on the winnings.
Hand Pay Jackpots
When you hit the winning combination of symbols for a large jackpot, your slot machine locks up. Depending on the machine, the lights on top of the machine may come on and start flashing, music may play or bells ring. A slot attendant arrives promptly to see what you have won.
5000 Dollar Slot Machine Winners
On jackpots smaller than $5,000, an attendant verifies that you hit the jackpot and then assists you in claiming your money at the cashier's cage. In the case of a large or progressive jackpot, the casino may have technicians come and check the machine to certify that it was functioning properly when the jackpot hit. If you hit one of the wide-area progressive machines such as MegaBucks, the slot company that operates the game comes out and verifies that machine before giving you a check.
When you hit a jackpot, you have the option of taking your winnings in cash or check. Usually, large amounts are paid by check. In the case of the MegaBucks or similar multi-million dollar jackpots, you receive a check for the partial amount, and then you have 90 days to decide if you want to be paid a lump sum or an annual annuity on the balance. If you select the lump sum option, you receive only a percentage of your actual winnings. For example, the full winnings of one multi-million slot jackpot is paid in 25 annual installments, or you can take a lump sum of 60 percent of the winnings.
- The story i came up with that makes the most sense. Is he got REALLY lucky in Vegas and is already living a pretty happy life. So, instead of saving the money he won in gambling, he just said 'Fuck it' and did a $5,000 dollar.
- This Xplosive Slots slot machine captures the action of a train robbery with 5 reels that are ablaze with peril and excitement. The 5 reels are set in front old steam train riding through a wall of fire with.
Like some older online casino slot machines, the Black Diamond lets you tweak your bets to the fullest. The lowest coin denomination available in the game is 0.25 credits, but since you always play 4 coins.
IRS Withholding
5000 Dollar Slot Machine
All casino winnings are subject to federal taxes. However, the IRS only requires the casinos to report wins over $1,200 on slots and video poker machines or other games such as keno, lottery or horse racing. When you have a win equal to or greater than $1200, you are issued a W-2G form. This form lists your name, address and Social Security number. The casinos are not required to take out withholding tax on jackpots under $5,000 as long you supply your Social Security number. If you don’t provide your Social Security number, the casinos withhold 28 percent on small jackpots.
You can request a specific amount of withholding tax to be taken out of any jackpot you win. Some players like to do this to avoid a big tax payment in April when they file their income tax returns. The additional withholding may not be necessary if you keep a log book. The law allows you to deduct gambling losses up to the amount of your winnings. You can only do this if you have documentation of your losses. Keeping a diary or log book is the way to do this.
Proper Identification
Casinos can refuse to pay you until you produce proper identification—a photo ID such as a driver’s license, military ID or passport.
If you don’t produce an ID, you are photographed and the casino holds your winnings until you come back with proper ID. For this reason, you should always carry a valid form of identification with you when you visit the casino.
When the casino checks your identification, it also checks your age to make sure you are legally old enough to play. The minimum age for gambling varies from state to state, but under-age gamblers are not be paid if they hit a jackpot. This is the law in all jurisdictions, and it has been upheld in court.
Plan Ahead
Before you start playing your favorite slot machine you should have a plan for the day you hit a jackpot. Players become excited when they hit the big one, and this may affect the decisions you make about your winnings. It is helpful if you know ahead of time how much withholding you want taken out or whether you want a check for all or some of the amount.
BlueEagle
I believe that advice for when to accept an offer during the Top Dollar bonus game has been discussed a few times. However, the only relevant discussion I could find is in a thread for another game.http://wizardofvegas.com/forum/gambling/video-poker/21294-extreme-x-poker/#post439574
Top Dollar is a strange one, does the game tell you whether keeping the win is Optimal or whether one should try again? I understand how the game works, but I've never played it. Does the game give the probabilities of hitting certain results?
I finally remembered last night to take a photo of the strategy guide. The strategy for accepting the offer is based on the offer amount. The 'best play says' that will be displayed after about 20 seconds is based on the strategy and is not a definite indication that the next offer will be higher or lower.
'Although individual results are random, the best overall strategy is to select [Take Offer]
If the 1st offer is at least 50
![5000 5000](https://assets.vegasslotsonline.com/vegasslotsonline.com/assets/uploads/games/wgs-technology/images/triple-10x-wild.jpg)
If the 2nd offer is at least 45
Or if the 3rd offer is at least 35'
(This photo of the game info screen is from the Top Dollar machine in the high limit room at Aliante.)
tringlomane
Note this is 'Double Top Dollar'. Original top dollar may be different. But if it is, I doubt it is by much.
BlueEagle
In the Wizard of Vegas game guide for slots under Advice:In Top Dollar, if you watch the little screen, it will eventually give you advice, after about 20 seconds. It shows it quickly, so pay attention. You should follow this advice.
The key point that I want to make for this thread is that the 'Best play says' advice of 'Try Again' or 'Take Offer' is based solely on the strategy that can be found in one of the Info/Help screens. The advice of 'Try Again' does not guarantee that the next offer will be higher.
Mobcasinos
If it was me I would rather choose the Take offer. Choosing try again does not guarantee you anything. It is more risky than just taking the offer.
Mission146
If it was me I would rather choose the Take offer. Choosing try again does not guarantee you anything. It is more risky than just taking the offer.
By that same standard, tossing a Jack of Spades that would otherwise start you with a pair of Jacks is more risky than holding the JQKA of Diamonds that you were dealt with it, which would you rather do?
Vultures can't be choosers.
AxelWolf
In the Wizard of Vegas game guide for slots under Advice:
The key point that I want to make for this thread is that the 'Best play says' advice of 'Try Again' or 'Take Offer' is based solely on the strategy that can be found in one of the Info/Help screens. The advice of 'Try Again' does not guarantee that the next offer will be higher.
The key point that I want to make for this thread is that the 'Best play says' advice of 'Try Again' or 'Take Offer' is based solely on the strategy that can be found in one of the Info/Help screens. The advice of 'Try Again' does not guarantee that the next offer will be higher.
5000 Dollar Slot Machine Huge Handpays
On some machines this advice thing was hard to noticed. IIRC it slowly scrolls across the digital screen in green letters. I didn't really notice it at first, it's not like I had that many good opportunities to play it. I was just winging it on the last offer depending on how much it was.5000 Dollar Slot Machines
I do believe MaxPen pointed it out to me, he also has some experience with TD. You can grab his attention, he's probably over gloating in the election thread.On the rare occasions I have a good reason to play TD I now do what it says to do(I think The Wizard would agree) in the long run it should work out better for you. I had better results taking its advice. Legally I don't think they can offer long term bad advice. I wouldn't treat it any different than a table game or VP strategy. It may not work out each time, however in the long run it's the best way.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
tringlomane
Legally I don't think they can offer long term bad advice. How to win at slots every time.
Probably not. And in New Jersey at least, they must offer the correct advice, or the game wouldn't be legal.
100 Dollar Slot Machine Winners
IcarianX
I play 3 Credit - $25 Dollar Top Dollar Deluxe at a 'Boutique' Casino in Eastern Pennsylvania. Its slowly becoming the game I transition more to, from $100 WOF.
I come up with this conundrum when playing, because I've had this happen multiple times
Offer 1 - 35 Credits (Pass No thanks) $875
Offer 2 - 100-10-5-X2-X2 = 460 Credits $11,500
I almost wish they would show you the offers you missed. Theres a part of me that wants to push it and go to the next offer, but in the 3 times its happened, I've taken the offer everytime. its a 25$ game, I couldn't imagine its average multiple payout much higher than that.
Honestly it has paid out more than the 2 Credit - 100$ Top Dollar games I've played at the Seminole Casinos in Florida (avoid them like the plague)
I come up with this conundrum when playing, because I've had this happen multiple times
Offer 1 - 35 Credits (Pass No thanks) $875
Offer 2 - 100-10-5-X2-X2 = 460 Credits $11,500
I almost wish they would show you the offers you missed. Theres a part of me that wants to push it and go to the next offer, but in the 3 times its happened, I've taken the offer everytime. its a 25$ game, I couldn't imagine its average multiple payout much higher than that.
Honestly it has paid out more than the 2 Credit - 100$ Top Dollar games I've played at the Seminole Casinos in Florida (avoid them like the plague)
Top Dollar Slot Machine
Nathan
A good rule of thumb is to not be greedy. I have read that a guy had a good offer on just $1(100) and decided he wanted the $1000 prize and held out for it. He ended up with $15 and was mad. Don't be greedy.In both The Hunger Games and in gambling, may the odds be ever in your favor. :D 'Man Babes' #AxelFabulous 'Olive oil is processed but it only has one ingredient, olive oil.'-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D 'For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?' Wizard, August 21st. :D
Boz
I play 3 Credit - $25 Dollar Top Dollar Deluxe at a 'Boutique' Casino in Eastern Pennsylvania. Its slowly becoming the game I transition more to, from $100 WOF.
I come up with this conundrum when playing, because I've had this happen multiple times
Offer 1 - 35 Credits (Pass No thanks) $875
Offer 2 - 100-10-5-X2-X2 = 460 Credits $11,500
I almost wish they would show you the offers you missed. Theres a part of me that wants to push it and go to the next offer, but in the 3 times its happened, I've taken the offer everytime. its a 25$ game, I couldn't imagine its average multiple payout much higher than that.
Honestly it has paid out more than the 2 Credit - 100$ Top Dollar games I've played at the Seminole Casinos in Florida (avoid them like the plague)
I come up with this conundrum when playing, because I've had this happen multiple times
Offer 1 - 35 Credits (Pass No thanks) $875
Offer 2 - 100-10-5-X2-X2 = 460 Credits $11,500
I almost wish they would show you the offers you missed. Theres a part of me that wants to push it and go to the next offer, but in the 3 times its happened, I've taken the offer everytime. its a 25$ game, I couldn't imagine its average multiple payout much higher than that.
Honestly it has paid out more than the 2 Credit - 100$ Top Dollar games I've played at the Seminole Casinos in Florida (avoid them like the plague)
With that level of play, you would be a king in Vegas. Not sure what VF can be giving you of value in comps.
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