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I will keep you abreast, Bill, of any change to the gambling tax law.No, Marv, there is no magic switch that’s flipped from some secret undisclosed location, nor chip or machine swapping happening to hornswoggle unsuspecting conventioneers out of more dough.As for the hold percentage averagescasino near me new orleans hqhq for the Las Vegas Strip, they are approximately 11 percent for nickels, 6-7 percent for quarters, 4 percent for dollars and 3....

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As for the hold percentage averagescasino near me new orleans hqhq for the Las Vegas Strip, they are approximately 11 percent for nickels, 6-7 percent for quarters, 4 percent for dollars and 3.At present, the fortuitous player winning a ,200 jackpot will find that the machine automatically shuts down until a casino employee arrives with your W2-G. Uncle Sam figures that since, by law, gamblers must pay taxes on every dollar they win at casinos, bingo parlors, racetracks, even an informal football bet with Uncle Louie, the IRS might as well capture more with a lower jackpot threshold....

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The IRS is now floating a plan for a bigger share of your jackpots: the meager ones.Those 0 jackpots will not only trigger a tax form, but if you play another hour or two, your taxable winnings will probably be long gone by the losses you incur, and your tax liability will still be outstanding.There is a litany of lengthy sequential steps the casino has to take in most gaming jurisdictions to change the percentage return more in the casino’s favor....

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Believe me, Marv, it is no bang-bang deal when they do. Mice are mice and rats are rats.At present, the fortuitous player winning a ,200 jackpot will find that the machine automatically shuts down until a casino employee arrives with your W2-G....

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The only time that a machine is swapped out is when management believes it is underperforming or decides to convert the machine to a newer or more popular model.Like the best-paced movie scripts, the next big “reveal” for guests is the Industrial Revolution themed loading platform, 23 floors above the ground floor.5 percent for five dollars and above....