It's illegal on both ends.... It's illegal for the player to attempt to misrepresent their winings to the IRS (re:structuring) and it's also illegal for the casino to falsify it's reports to the IRS (because they'd have to lie about the jackpot essentially).Quote: Ayecarumba
This known as "structuring" and is illegal. This very practice has resulted in shutdowns of casinos while armed government agents collect and carry boxes of records out the door. A few weeks later, there's an announcement that significant fines are being imposed, and most importantly, gaming licenses are lost.
Is it really "structuring?"
A quick google leads me to think that typically involves attempting to avoid the mandatory CTR on a $10K+ transaction by breaking it down into smaller deposits.
Think of it this way: player has the right to claim $1500, but if he chooses to accept less, where is the harm?
Can't the two of them have a meeting of the minds on something different than what he's entitled to?
Hello, freedom of contract.
I thought I had read somewhere that in Nevada it WAS against gaming regulations to have a misleading visual representation of the odds, ie, the graphics should accurately reflect the $ 1000 award space by making it much skinnier than the others.Quote: Mosca
I think that her point is that it isn't a truly random wheel. There are 22 spaces on a classic WoF slot, but the frequency of hits for the $1000 space isn't 1/22. Yeah, I know, who would have thunk it.
I thought I had read somewhere that in Nevada it WAS against gaming regulations to have a misleading visual representation of the odds, ie, the graphics should accurately reflect the $ 1000 award space by making it much skinnier than the others.
So, what do the gaming regulations in Nevada say about that, IF anything ?
In another case, an acquaintance bet on an outcome at a strip book. They had it listed at +800, while it was listed at about +150 at every other book. After it won, the manager haggled with him and got him to accept a payout somewhere in the middle. Could he have gotten the full amount? What if it was +8000?