ID requirements?

Are casinos now requiring that you show an ID to cash out chips or cash sports bets even below $10k? I know it used to only be an issue if you cashed over $10k but has it changed now due to the IRS/$600 rules? I posted this in blackjack since it is probably more desired knowledge among that crowd but feel free to move if needed.

Quote: camz1969

Are casinos now requiring that you show an ID to cash out chips or cash sports bets even below $10k? I know it used to only be an issue if you cashed over $10k but has it changed now due to the IRS/$600 rules? I posted this in blackjack since it is probably more desired knowledge among that crowd but feel free to move if needed.
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The question is...why do you care if they ask for ID?

Blackjack players don't want to give it up for obvious reasons.

But l, if it's tax related issues it's a moot point. Just follow the tax requirements and do what's required and everything is good.

If they want your ID for whatever government regulations regarding money laundering or KYC BS its.not a big deal. Just give it to them

If they want it to identify you as an AP that's a different issue.

I’m just curious if they are or not. The curiosity is more related to AP players or just people who would rather remain anonymous to casinos. It doesn’t matter if it’s for government reasons, once you show it the casinos have your info on a high def camera. It seems a little detrimental to some AP players especially.

As far as I know, it depends pretty much entirely on the property, their SOP, and local gaming commission regulations. None of them are going to flat out tell you their internal limits but with enough play and cashing out you can get a rough idea.

Quote: AitchTheLetter

As far as I know, it depends pretty much entirely on the property, their SOP, and local gaming commission regulations. None of them are going to flat out tell you their internal limits but with enough play and cashing out you can get a rough idea.
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I have had a lot of experience with Title 31/BSA anti-money laundering procedures for casinos. I would say that the "typical" casino will start asking for ID when cashing in $3000 or more. The casinos I taught at were told to ask at $3000 but it was not required for the patron to present ID until they went over $10,000 cumulative. The whole point of asking at lower amounts it just to track when someones cumulative gets
to $10,000

So if I'm a Victor and buy-in for $2,500 and win $600 then cash-out for $3,100, the cage may ask for ID. They aren't gonna know I had a credit line of $2,500 and they won't care about the winning $600 because I bought in for cash. Or I could win to $10,100 and they'll fill out a CTR unless I take a check for $7,600 and take my $2,500 cash back.
BTW, how soon do these casino winners checks expire? Do they have to be cashed-in within 90 days, 180 days, 365 days, or longer? I kind of want to stack them up to a big number.

Quote: ChumpChange

BTW, how soon do these casino winners checks expire? Do they have to be cashed-in within 90 days, 180 days, 365 days, or longer? I kind of want to stack them up to a big number.
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Check with the issuing property.

So my question is based around the new $600 IRS rule that was supposed to take effect in 2023. Are all casinos now required to take down info for any cash out over $600? I’ve been told that might be the case. Has anybody cashed out over $600 in the last few weeks and been required to show ID?

Quote: camz1969

So my question is based around the new $600 IRS rule that was supposed to take effect in 2023. Are all casinos now required to take down info for any cash out over $600? I’ve been told that might be the case. Has anybody cashed out over $600 in the last few weeks and been required to show ID?
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What $600 IRS rule? Do you have a link to it?

Quote: ChumpChange

So if I'm a Victor and buy-in for $2,500 and win $600 then cash-out for $3,100, the cage may ask for ID. They aren't gonna know I had a credit line of $2,500 and they won't care about the winning $600 because I bought in for cash. Or I could win to $10,100 and they'll fill out a CTR unless I take a check for $7,600 and take my $2,500 cash back.
BTW, how soon do these casino winners checks expire? Do they have to be cashed-in within 90 days, 180 days, 365 days, or longer? I kind of want to stack them up to a big number.
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If you pay off your marker with it they will probably not because it is determined by how much CASH they give you.

I don't know if the new $600 reporting threshold applied to casinos, but it is on hold and will not see the light of day soon. I don't understand why people who complain about paying their taxes don't want the IRS going after tax cheats, but few people have gone broke under-estimating the stupidity of the masses.

The $600 reporting threshold is form 1099-K.

It's on hold until next year 2024.

It's a form sent out by 3rd party vendors (CC, debit card etc) to merchant vendors who receive sales over $600. Primarily it's implementation is to create more conforming by vendors on eBay Amazon etc who under report their income.

It doesn't have any Casino implications that I can see.

Quote: darkoz

The $600 reporting threshold is form 1099-K.

It's on hold until next year 2024.

It's a form sent out by 3rd party vendors (CC, debit card etc) to merchant vendors who receive sales over $600. Primarily it's implementation is to create more conforming by vendors on eBay Amazon etc who under report their income.

It doesn't have any Casino implications that I can see.
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I am guessing there must be some specific change for the Gig workers because the $600 1099 limit has been in place for a long time.

Quote: DRich

Quote: darkoz

The $600 reporting threshold is form 1099-K.

It's on hold until next year 2024.

It's a form sent out by 3rd party vendors (CC, debit card etc) to merchant vendors who receive sales over $600. Primarily it's implementation is to create more conforming by vendors on eBay Amazon etc who under report their income.

It doesn't have any Casino implications that I can see.
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I am guessing there must be some specific change for the Gig workers because the $600 1099 limit has been in place for a long time.
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It's going after ebay sellers and the like. Paypal and EBay only report if you sell over 200 transactions and $20,000 in sales.
If you reached both those marks, they send out forms to the seller and the IRS. It was set to go down to $600 and one transactions.
Paypal, venmo, and some cash apps were all subject to it, but zelle wasn't. Not sure why, but lots of sellers are now taking zelle but its a bad deal for buyers.
.

Thank you guys. One of my friends had told me he was being IDed for smaller cash outs recently (not Vegas) and we were thinking it was due to the IRS changes. Sounds like it isn’t. Might be going to Vegas soon and I prefer to play anonymously. It is not to do with avoiding taxes lol. I just prefer casinos not have my info.

Quote: camz1969

Thank you guys. One of my friends had told me he was being IDed for smaller cash outs recently (not Vegas) and we were thinking it was due to the IRS changes. Sounds like it isn’t. Might be going to Vegas soon and I prefer to play anonymously. It is not to do with avoiding taxes lol. I just prefer casinos not have my info.
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I have seen this as well and I am pretty certain I know why they do this.

But it has nothing to do with the IRS.

Quote: DRich

Quote: AitchTheLetter

As far as I know, it depends pretty much entirely on the property, their SOP, and local gaming commission regulations. None of them are going to flat out tell you their internal limits but with enough play and cashing out you can get a rough idea.
link to original post

I have had a lot of experience with Title 31/BSA anti-money laundering procedures for casinos. I would say that the "typical" casino will start asking for ID when cashing in $3000 or more. The casinos I taught at were told to ask at $3000 but it was not required for the patron to present ID until they went over $10,000 cumulative. The whole point of asking at lower amounts it just to track when someones cumulative gets
to $10,000
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I thought that he $3000 comes into play because that is the level where SARs get filled out.
https://www.fincen.gov/sites/default/files/shared/sar_guidance_casino.pdf

Quote: darkoz

Quote: camz1969

Thank you guys. One of my friends had told me he was being IDed for smaller cash outs recently (not Vegas) and we were thinking it was due to the IRS changes. Sounds like it isn’t. Might be going to Vegas soon and I prefer to play anonymously. It is not to do with avoiding taxes lol. I just prefer casinos not have my info.
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I have seen this as well and I am pretty certain I know why they do this.

But it has nothing to do with the IRS.
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Can you show some restraint on pickups ? I Thought you were better then that my friend.

Quote: camz1969

Thank you guys. One of my friends had told me he was being IDed for smaller cash outs recently (not Vegas) and we were thinking it was due to the IRS changes. Sounds like it isn’t. Might be going to Vegas soon and I prefer to play anonymously. It is not to do with avoiding taxes lol. I just prefer casinos not have my info.
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I know at the casino I work at They ask for your name on any cashout of $500 - $999 and an ID for any cashout above $1000, any buy-in exceeding $500 (you will not be asked for ID but still labeled HA) and any buy-in exceeding $2500 total (playing unrated.). This is because you are labeled as "high action" (HA). Anything over $2500 buy-in makes them fill out a Multiple Transaction Report (MTR) which they need ID for. I'm not quite sure why they ask for ID on HA. I know they use that information to confirm with the pit their cashout, probably to avoid structuring? I've never hassled with them since I was playing rated anyways, and I wasn't caught until ~50 playing hours later when surveillance recognized me. Keep in mind this was a small casino of ~200 slots and a pit of 10 tables in the middle of nowhere. Every casino is different with their rules though.

My advice is for low-limit ($5-15 min bet) AP's is to not hassle with the ID dance if you have no heat. Casinos don't give much of a shit about you. Also keep in mind this is an opinion and just like everyone else's, can be right and wrong in some senses

Quote: richodude

Anything over $2500 buy-in makes them fill out a Multiple Transaction Report (MTR) which they need ID for. I'm not quite sure why they ask for ID on HA.

The law requires MTL's (Multiple Transaction Logs) be filled out starting at $3000 and does not require an ID. A description works just fine. Your casino is being overly cautious, which is their prerogative.