High limit slot win
j/k nice hit
Congrats, that's a HUGE win.
I will check the tax form later to see if that says the exact name
Quote: TranscendI was rounding up the exact amount was more like 8910 in taxes, 33% and unfortunately I do not remember the exact name of the game sorry. it was a 27kk win due to hitting 3 sevens different colors but each had a triple feature on it, i want to say it was diamonds i know the machine next to it is a triple diamond machine, but i don't think that's exactly what this one was
I will check the tax form later to see if that says the exact name
That's BS too. There are no Red/White/Blue machines at any denomination that pay $27000 for any combo. And a casino will not withhold more than 20% for the federal gov't. Finally, tax forms don't identify the name of the game being played other than "slots", "vp", or "keno" etc, just the amount of the bet.
I suggest this thread be closed.
I don't think there's a reason to close this thread, yet. It seems that, since this is Transcend's local casino, he could prove that $27,000 is a possible payout simply by taking a picture of the machine, so I'm definitely going to allot some time for him to do that, first.
He said they were all triples, so the picture would just have to show a base pay of $3,000 for Mixed Sevens.
Quote: rdw4potus$27,000 is $1,000*3*3*3. That's a very common payout on a 3 reeled $25 slot. Also, math is fun.
Would it work that way, or would they just add the Triples and make it straight 9x? I believe I've seen it go both ways, depending on the machine, but I admit to not knowing for sure how it works for that one. Under normal circumstances, I have no reason to be interested in any of those machines. I'll have to look at the RW&B Sevens machine at Wheeling Island and see how that works.
Quote: Mission146Would it work that way, or would they just add the Triples and make it straight 9x? I believe I've seen it go both ways, depending on the machine, but I admit to not knowing for sure how it works for that one. Under normal circumstances, I have no reason to be interested in any of those machines. I'll have to look at the RW&B Sevens machine at Wheeling Island and see how that works.
It is much more common for 3 triple multipliers to be paid out as 27X but some machines will work out a lower payout. I have seen machines that only pay 1 multiplier and the others just become wilds as well as the 9X you show.
Quote: CrystalMathAll of the IGT 3 reel machines that I have experience with would multiply the multipliers, and not add them, so 27x is feasible.
Yep, they are just added in things like super times pay poker. I have seen them multiplied in most other games.
The fishiest thing to me is that he hits a jackpot that is worth more than a fast-food worker's annual salary and he can't remember what machine he hits it on. I hope to have so much money someday that winning $27k isn't that memorable to me.
Quote: tringlomaneI hope to have so much money someday that winning $27k isn't that memorable to me.
hehehe. Thought about that. I've definitely never won that much on a slot machine. But I have had some slot jackpots on machines I couldn't name. I could almost certainly walk directly to the machine, but I wouldn't know without looking if it were blazing 7s or red/white/blue or double diamond or 3/4/5x pay or... at least for my own part, I just sort of lump all those games together into the "boring 3 reel single line slots that I use for freeplay when VP is excluded" category.
Quote: tournamentkingWhat sealed this for me was both the tax amount, and the fact that he remembers what type of machine he was playing next to, but not the one he says he hit a large jackpot on. No one would ever claim such a dumb thing unless they got caught trying to make something up for whatever reason.
I've hit two jackpots in my life:
$1,250-September 2011
$4,0xx.xx-June or July 2012
I couldn't tell you as I sit here what machine I hit the $1,250 on in September, and that was my first ever jackpot. I can point out the type of machine it was if in the casino, but never recall what it was called after that. It was just a $5 single-line non-progressive machine in a State with a statutory maximum base pay percentage of 95%, so absolutely no way would I touch that machine now.
On the other hand, the 4k and change was on a Quick Hits Blazing 7's $2.00 Max Bet flat-top machine, which I also wouldn't play these days, because it is not a Progressive machine. However, I always forget whether it was June or July. You'd think I'd remember the month, but if you don't believe me, Forum member, Tiltpoul, saw the original physical tax form.
Quote: tournamentkingThat's BS too. There are no Red/White/Blue machines at any denomination that pay $27000 for any combo. And a casino will not withhold more than 20% for the federal gov't. Finally, tax forms don't identify the name of the game being played other than "slots", "vp", or "keno" etc, just the amount of the bet.
I suggest this thread be closed.
I don't see what you are trying to accomplish by acting the way you are. I hope most new members do not need to deal with your utterly poor behavior as one of their first experiences here. Luckily many other make up for your lack of manners. First off I did not say it was a Red/White/Blue machine, I said different colors, one of which was green. Second who said I only withheld federal taxes? I also withheld state taxes, $7500 Federal, $1350 State. Sorry I didn't know whether the form would say the game or not, I don't sit and stare at the form that hard to know. I like your suggestion to close my thread when you contribute nothing to it.
Quote: Mission146It seems that Transcend is being challenged as to the veracity of his account.
I don't think there's a reason to close this thread, yet. It seems that, since this is Transcend's local casino, he could prove that $27,000 is a possible payout simply by taking a picture of the machine, so I'm definitely going to allot some time for him to do that, first.
He said they were all triples, so the picture would just have to show a base pay of $3,000 for Mixed Sevens.
Thank you Mission, and you are correct the base pay was a $3,000 for mixed sevens, with a 9x multiplier for a total of $27,000. Unfortunately I can not take a picture of the machine since the machine was removed within a week of my win, as well as, pictures are very frowned upon in the casino I frequent, I am there often enough that I don't want to cause any strife needlessly.
Quote: tringlomaneYep, they are just added in things like super times pay poker. I have seen them multiplied in most other games.
The fishiest thing to me is that he hits a jackpot that is worth more than a fast-food worker's annual salary and he can't remember what machine he hits it on. I hope to have so much money someday that winning $27k isn't that memorable to me.
I don't sit at any game and try to play them because I always play them, I go by feel for slots. As stupid as it sounds but it has worked out for me. It was 4am when I hit the jackpot and my only thought was to laugh get paid and leave I didn't care what machine it was because I figured it would always stay there and not be removed so quickly. I could walk straight up to the machine and point it out and exactly where it was, just not the exact machine. I recall what it looks like just not the name of it.
Quote: tournamentkingWhat sealed this for me was both the tax amount, and the fact that he remembers what type of machine he was playing next to, but not the one he says he hit a large jackpot on. No one would ever claim such a dumb thing unless they got caught trying to make something up for whatever reason.
Again you add nothing but poor behavior to my thread, as stated above tax amount was federal and state, second the machine that was next to it is a machine I have hit several times for a jackpot for $2,000 or more I was also sitting at this machine waiting to get paid for a $2,000 hit when I hit the machine next to it leaning over playing it for $27,000. Finally, now you call me dumb and act like I made the whole thing up.
Here is to appease your disbelief and ask that if you are going to post in any of my future threads that you act in a civilized manner and with respect, a forum is a place for information sharing, not flaming.
And if you are doubting the picture, check the date on the form and the date I joined the forum.
I'm not confident in this story either, however you are wrong about the max being 20% Im sure they can hold 30% It has been discussed here a few times. Some tax forms say the exact game and combination you hit, I have some. 27k is an odd amount, however He didn't claim to be playing red/white and blue. lots of slots have mixed 7'ns not just RW&B.Quote: tournamentkingThat's BS too. There are no Red/White/Blue machines at any denomination that pay $27000 for any combo. And a casino will not withhold more than 20% for the federal gov't. Finally, tax forms don't identify the name of the game being played other than "slots", "vp", or "keno" etc, just the amount of the bet.
I suggest this thread be closed.
At least you know how to post a picture. That's something I had trouble with and feel dumb myself for failing at. When I started the thread about a $50,000 hit on a vp machine and wanted some experts to explain the hold that led to it, I couldn't. And BTW Axel if you're reading this, I did ask RS to email his winning picture directly to Mr. Shackleford since you went ballistic over it. I heard back today that he sent it and it was confirmed received by our forum host. Did you know they know each other? In my ongoing research here I saw they did an interview, he's a failed ap who found success in vp otherwise, and other things that I can see would cause trouble for you vp players. Interesting.
Quote: tournamentkingOh, Transcend, if this were important enough I'd ask why that form doesn't show the denomination or amount of the bet, why 30% instead of 20%, where those state taxes were deducted, which state deducts 5%, why you waited until now to put up that picture, why you still don't know what type of machine it was, etc. You'll probably hit another one so please remember some of that if you would again like congrats.
At least you know how to post a picture. That's something I had trouble with and feel dumb myself for failing at. When I started the thread about a $50,000 hit on a vp machine and wanted some experts to explain the hold that led to it, I couldn't. And BTW Axel if you're reading this, I did ask RS to email his winning picture directly to Mr. Shackleford since you went ballistic over it. I heard back today that he sent it and it was confirmed received by our forum host. Did you know they know each other? In my ongoing research here I saw they did an interview, he's a failed ap who found success in vp otherwise, and other things that I can see would cause trouble for you vp players. Interesting.
First off the form does not show that info you ask for, No where on the form does it sate denomination or amount of the bet. Second I don't know why the federal taxes were deducted at close to 28% I am not a CPA so I have no clue as to why it is that amount. Third I am not going to show the whole form considering it has three major ways to identify me or steal my identity, SSN, License #, and my taxpayer ID. I live in Illinois, which if you know anything about Illinois might explain some of your tax misconceptions, that and it is taxes....who really understands them. I waited on the picture because I had filed away the form and didn't really feel the need to pull it out, but I didn't realize how much this thread would stir up people. As for the machine, like I said it was removed. I believe they have another like it else where; Next time I go I will take note of it and let you know which machine it is, granted it is the right one.
You seem deluded, and you have a bad memory. Please show where I went ballistic over a picture? I never said he didn't hit this. I said, BIG DEAL anyone can hit something big if they are playing high enough denominations. I was just in shock that anyone on this forum could take his systems seriously.Quote: tournamentkingAnd BTW Axel if you're reading this, I did ask RS to email his winning picture directly to Mr. Shackleford since you went ballistic over it. I heard back today that he sent it and it was confirmed received by our forum host. Did you know they know each other? for you vp players. Interesting.
I have hundreds of thousands in tax forms. Tax forms are meaningless, Its not if you get tax forms, it's how you get tax forms that count. I have seen many guy's hit for hundreds of thousands and they are broke.
I don't think RS is broke, I'm sure he cons/sells his bunk system to enough people in order to make money, god bless him. I don't care if RS is rich or poor. I only hope no one will ever follow his Video Poker Advice. You are so hell bent on proving something with a picture, yet you yourself say, things can be faked. Make up your mind. Do pictures and documentation count or not?
You are so anti video poker yet both of your hero's are all about Video Poker. So when you prove RS is a VP winner, then you prove yourself wrong. I get the feeling you just talk and don't listen.
Let me explain something. You said, "you vp players." I am not just a VP player. Unlike you, I have an open mind. I play slots as well. I have a feeling I have played way more slots then you. AAMOF, I currently play slots and have over 300k +EV coin in this year. I play anything and everything I have +EV at. I don't care if its VP, Slots, Blackjack, billiards, sports or Tiddlywinks.
I'm sure the wizard dose know RS, I believe he Banned him from this site and had some pending challenge with him. I'm not sure what Mike knowing RS has to do with anything. A large percent of AP's and gambling authorities know RS, 99% of them think his systems are out in left field. He is highly criticized by many.
Quote: TranscendFirst off the form does not show that info you ask for, No where on the form does it sate denomination or amount of the bet. Second I don't know why the federal taxes were deducted at close to 28% I am not a CPA so I have no clue as to why it is that amount. Third I am not going to show the whole form considering it has three major ways to identify me or steal my identity, SSN, License #, and my taxpayer ID. I live in Illinois, which if you know anything about Illinois might explain some of your tax misconceptions, that and it is taxes....who really understands them. I waited on the picture because I had filed away the form and didn't really feel the need to pull it out, but I didn't realize how much this thread would stir up people. As for the machine, like I said it was removed. I believe they have another like it else where; Next time I go I will take note of it and let you know which machine it is, granted it is the right one.
The picture you posted shows that exactly 28% federal tax was withheld. A friend in the business tells me that casinos are required to withhold 25% from American citizens who provide a social security number, 28% for those who do not and 30% from non citizens. Her casino withholds 28% from both of the first two groups. I didn't ask what the threshold was for having nothing withheld.
That 27k figure rings a bell, albeit on a smaller scale. Earlier this year my wife got a 7 and two triple diamonds on a $1 machine of the same name. It paid $2700 (3x3x3). She opted for no taxes to be withheld.
I'm one of the bigger skeptics on this forum and I can usually tell when someone is not entirely forthcoming. Just because I don't call you out doesn't mean I don't know who you are. :-) In this case I just don't know enough about slots to form an opinion.
I don't like seeing anyone being put on the defensive unless their claims are completely outrageous. On the other hand, some experienced members are asking legitimate questions. You could clear the air if you choose to.
Show the entire form with the sensitive information redacted. Tell us why you can't remember a slot that you hit for 27k a scant six weeks ago and why you think that machine was removed. Finally, post a picture of the form you received for the 2k that you won minutes before the 27k. It has the same Oct. 1 date on it right?
Quote: 1BB
That 27k figure rings a bell, albeit on a smaller scale. Earlier this year my wife got a 7 and two triple diamonds on a $1 machine of the same name. It paid $2700 (3x3x3). She opted for no taxes to be withheld.
How does one opt out of withholding ?
Quote: Sabretom2How does one opt out of withholding ?
Just ask. I opted out of both of them, I believe you have to give your SSN, which I did, could be wrong about SSN.
I hope it has some useful, up to date info. I have $12,000 in W-2G's for this year. (Not nearly as much as some, but it's going to significantly affect my AGI this year).
Quote: Mission146Just ask. I opted out of both of them, I believe you have to give your SSN, which I did, could be wrong about SSN.
Yes, you need the SSN and the win must be less than 5k or maybe 4k. I'm not sure which.
Quote: 1BBYes, you need the SSN and the win must be less than 5k or maybe 4k. I'm not sure which.
I've had taxable jackpots between $1500 and a little over $82k, and the choice to withhold anything has always been mine. I'm not seeing where the 28% or 30% comes from though. The attendants have always told me it would be 20% period.
Getting a lot of taxables is fun, but even if you deduct losses totalling everything that you claimed to have won, it screws up your AGI in many cases. That's been my constant headache, because I am not a professional gambler and have never filed as such.
Quote: tournamentkingI've had taxable jackpots between $1500 and a little over $82k, and the choice to withhold anything has always been mine. I'm not seeing where the 28% or 30% comes from though. The attendants have always told me it would be 20% period.
Getting a lot of taxables is fun, but even if you deduct losses totalling everything that you claimed to have won, it screws up your AGI in many cases. That's been my constant headache, because I am not a professional gambler and have never filed as such.
In Illinois anything $1,200 and over on any video machine, poker or slots, requires a hand pay and any hand pay they will ask if you want taxes out. I believe on table games it is if you win over a certain amount of money on one bet or a certain % more, any win of 200 to 1 or greater will be considered taxable. As for the tax percentages, I am clueless on that, nor will I claim to know anything about it. I say take taxes out and they take out what they take out. Earlier someone stated that if no SSN is given that it is 28%, but this might vary state to state or even casino to casino because I gave them my SSN but 28% was still taken out. If I do ask for taxes to be taken out I always request Federal and State. This is my first year of gambling to any amount that would show up on my taxes, but every year prior I have always owed money to the state, so I always request that be taken out as well.
Congratulations on the win, Trancend! I believe you and I hope this doesn't turn into a debate on your honesty.
Quote: teddysI just picked up a copy of "Tax Help for Gamblers" by Jean Scott and Marissa Chien for $2 at the Huntington Press office in Las Vegas.
I hope it has some useful, up to date info. I have $12,000 in W-2G's for this year. (Not nearly as much as some, but it's going to significantly affect my AGI this year).
I found the book very useful, although I skipped over most of the W-2G stuff since I only play table games. Nice find at $2! I paid $25 on Amazon :/.
Quote: tournamentkingGetting a lot of taxables is fun, but even if you deduct losses totalling everything that you claimed to have won, it screws up your AGI in many cases. That's been my constant headache, because I am not a professional gambler and have never filed as such.
Gambling a lot as a non-pro will jack up your AGI, which sucks for Roth contribution income limits (and some other stuff). Even if you barely win or have a losing year! It's really a pain in the ass. Last year I had $24K in winnings and $17K in losses. Bleh. I wish they'd be more reasonable and just let you put down your net on the front of the 1040, would really be a lot easier.
Quote: 1BBI'm sure the casinos have some leeway on their withholding. I'm still puzzled about the removal of the machine but casinos most likely have their own policies on that as well. A woman hit a slot for 800k at Mohegan Sun a few weeks ago and they practically dismantled the machine. It was up and running about six hours later.
Congratulations on the win, Trancend! I believe you and I hope this doesn't turn into a debate on your honesty.
+1
Quote: 1BBI'm sure the casinos have some leeway on their withholding. I'm still puzzled about the removal of the machine but casinos most likely have their own policies on that as well. A woman hit a slot for 800k at Mohegan Sun a few weeks ago and they practically dismantled the machine. It was up and running about six hours later.
Congratulations on the win, Trancend! I believe you and I hope this doesn't turn into a debate on your honesty.
He told me they took it off the floor, so they may have put it back out, I will most certainly look for it next time I am there, but I am just going by what the guy told me. I have no reason to not believe him, he was a really nice guy, even gave me a great comp for a win on a slot, which had never happened to me before.
Quote: 1BBYes, you need the SSN and the win must be less than 5k or maybe 4k. I'm not sure which.
Probably 5K, then, I opted out of one with a win just over 4k.
