Lion's Share
Quote: Mission146Nah, I'd have taken the Kitty Cat's share.
The problem is that you have to wait for a hand-pay to cash out.
For $150, this is not really worth it, unless I really don't want to play any more. If I hit something that was a hand-pay anyway, that's different.
Quote: AxiomOfChoiceThe problem is that you have to wait for a hand-pay to cash out.
For $150, this is not really worth it, unless I really don't want to play any more. If I hit something that was a hand-pay anyway, that's different.
But there are only 2 possible "traditional" handpays in the game. It doesn't happen much. If I ever get around to playing it, I'll put $30 at risk, either bust, play to $100, or when I get sick of playing.
Quote: AxiomOfChoiceThe problem is that you have to wait for a hand-pay to cash out.
For $150, this is not really worth it, unless I really don't want to play any more. If I hit something that was a hand-pay anyway, that's different.
That's fine, I'm used to it at Vintage Vegas at The D. Many of those machines must be a handpay for any amount $50+.
Quote: Mission146That's fine, I'm used to it at Vintage Vegas at The D. Many of those machines must be a handpay for any amount $50+.
Mermaids is the same. I just keep drinking while I wait.
Quote: Mission146That's fine, I'm used to it at Vintage Vegas at The D. Many of those machines must be a handpay for any amount $50+.
It was greater than $50 not greater than or equal to $50. I learned that the hard way cashing out at exactly $50 in nickels and them having to come by and refill the hopper.
Quote: rudeboyoiIt was greater than $50 not greater than or equal to $50. I learned that the hard way cashing out at exactly $50 in nickels and them having to come by and refill the hopper.
Oh yeah...LMAO!
Quote: WizardHow would these players accomplish that?
By being a UK National with an ITIN. Gambling winnings are not taxable under UK Law, and the US/UK tax treaty protects this. In exchange for flights, room, board and £50,000 upfront or 40% of the winnings if it drops , I would be happy to sit at the machine for 12 hours a day seven days a week for the six months my visa waiver would allow me to be in the country.
Quote: CroupierBy being a UK National with an ITIN. Gambling winnings are not taxable under UK Law, and the US/UK tax treaty protects this. In exchange for flights, room, board and £50,000 upfront or 40% of the winnings if it drops , I would be happy to sit at the machine for 12 hours a day seven days a week for the six months my visa waiver would allow me to be in the country.
I think the UK is treated the same as Canada. I'm not an accountant but my understanding was what kenerman wrote in this post. What I think would happen if you hit the jackpot is they would withhold a large percentage automatically, I think 40%. You could then file a US tax return to get it back, but you would have to claim offsetting losses. I tend the only money you would get back of it was offsetting losses you could justify.
Again, this is out of my area and welcome correction if I'm wrong.
The philosophy in this country is pretty much that whenever there is any kind of economic event the government is entitled to a cut.
Which brings the machine back below 100%. So much risk getting started on this machine keeps it safe from a team I think. They have to pay labor, the machine could break or be removed, possibly just to spite any team. Sure then you could play whatever the money goes to, but the money is no longer in one basket. Labor kills it because someone you pay too low anyways just does it planning to rip you off. Then go the lawsuits adding more risk even if you think you'll win.Quote: CroupierBy being a UK National with an ITIN. Gambling winnings are not taxable under UK Law, and the US/UK tax treaty protects this. In exchange for flights, room, board and £50,000 upfront or 40% of the winnings if it drops , I would be happy to sit at the machine for 12 hours a day seven days a week for the six months my visa waiver would allow me to be in the country.
Quote: CroupierI would be happy to sit at the machine for 12 hours a day seven days a week for the six months my visa waiver would allow me to be in the country.
Well, there are certainly worse things with less of a payoff.
If I could be flat on my back for two years, surely I could sit on a flagpole for seven and a half months."
Quote: rxwineWell, there are certainly worse things with less of a payoff.
If I could be flat on my back for two years, surely I could sit on a flagpole for seven and a half months."
THIS is what she was in?! http://imgick.al.com/home/bama-media/pgmain/img/huntsville-times/photo/2013/12/-2f340c81fa2276db.jpg
With modern conveniences, sitting up there for a year in a cubicle box like that doesn't sound bad at all.
Quote: rxwineWell, there are certainly worse things with less of a payoff.
If I could be flat on my back for two years, surely I could sit on a flagpole for seven and a half months."
Interesting story, but I'm wondering if she graduated high school... :-\
Sit at a exit ramp begging for money. They're all hiring. Doubt you still want it.Quote: rudeboyoiI could use a new car. Where do I have to sit?
Quote: iamthepushAnyone know if the progressive is still active?
It was as of Wednesday, so I would think so.
https://www.youtube.com/watch?v=6919UZMl-rg
He was such a jerk to his wife. Couldn't put that on TV today.Quote: sddude24There was a TV show about this machine...
https://www.youtube.com/watch?v=6919UZMl-rg
I assume the screen name MrFranklinGibbs is still available.
I play and win. I'm a legal resident of the USA but as of now I'm still a South African passport holder. South Africa has no tax on gaming. If I win and say I'm here on vacation and produce my passport, what would the tax implications be?
Would they still withold a sizeable chunk in witholding taxes and would I then have to claim the money back in South Africa?
Just wondering what that would mean for me? And yes, when I get back I fully intend to play the machine providing it hadn't already been hit :)
Quote: TomspurWith regards to the tax situation, what happens in the following instance:
I play and win. I'm a legal resident of the USA but as of now I'm still a South African passport holder. South Africa has no tax on gaming. If I win and say I'm here on vacation and produce my passport, what would the tax implications be?
Would they still withold a sizeable chunk in witholding taxes and would I then have to claim the money back in South Africa?
Just wondering what that would mean for me? And yes, when I get back I fully intend to play the machine providing it hadn't already been hit :)
I don't know the arrangement with S. Africa but it will likely depend on any tax treaty between US and SA. I think all aliens must pay at least 30% witholding on the win to start with. With no tax treaty I expect that you have no way of getting any of that back. That was what happend to Canadians for several years. So you might be better off owning up to your residency.
Quote: kenarmanI don't know the arrangement with S. Africa but it will likely depend on any tax treaty between US and SA. I think all aliens must pay at least 30% witholding on the win to start with. With no tax treaty I expect that you have no way of getting any of that back. That was what happend to Canadians for several years. So you might be better off owning up to your residency.
Yeah, there is a tax convention between the two but it may be moot anyway because I'm not resided in South Africa or I don't have a business entity in South Africa so it would probably mean that the best thing to do would be to own up to my US residency especially since I don't want it to negatively affect my chances of citizenship......
Now all I have to do is win the damn thing :)
Quote: rudeboyoiI'd much rather have an additional $700k than be a resident of this country.
You are saying that like I have free will.....I don't :)
Quote: WizardFor the 100th time, I'm not an accountant, but being from a foreign country doesn't excuse you from obeying US laws while in this country. If you hit a jackpot here, then the government wants its cut, regardless who wins it. For small jackpots, you can get the withholding back by proving you lose most more money that same calendar year. However, it would be hard to prove you lost 2.3 million elsewhere.
I disagree, based on the treaty list I gave (which does not include Canada) and this piece from the IRS:
Quote:
Example.
Mary, a citizen and resident of Ireland, visits the United States and wins $5,000 playing a slot machine in a casino. Under the treaty with Ireland, the winnings are not subject to U.S. tax. Mary claims the treaty benefits by providing a Form W-8BEN to the casino upon winning at the slot machine. However, she does not have an ITIN. The casino is an acceptance agent that can request an ITIN on an expedited basis.
Situation 1. Assume that Mary won the money on Sunday. Since the IRS does not issue ITINs on Sunday, the casino can pay $5,000 to Mary without withholding U.S. tax. The casino must, on the following Monday, fax a completed Form W-7 for Mary, including the required certification, to the IRS for an expedited ITIN.
Situation 2. Assume that Mary won the money on Monday. To pay the winnings without withholding U.S. tax, the casino must apply for and get an ITIN for Mary because an expedited ITIN is available from the IRS at the time of the payment.
Source: http://www.irs.gov/publications/p515/ar02.html#en_US_2013_publink1000225026
If I get time this week, I will call in a favour or two from some accountants who might be able to advise.
Quote:While MGM is not obligated to keep this outdated game on the floor, loyal Lion’s Share fans have no need to worry; MGM doesn't have any immediate plans to put the lion to sleep any time soon.
“I could move this jackpot to equal or lesser denomination game, but I wouldn’t do that because of the game's following and history. There would be a lot of upset customers,” explained Andrews.
Very interesting.
I was always under the impression they HAD to keep it until the progressive hits.
Quote: ams288I was always under the impression they HAD to keep it until the progressive hits.
They can't keep the accumulated money in the progressive. As I undertsand it, this means they can keep the machine until it hits, or they can transfer the progressive's money to another slot machine.
But this machine is such a draw, I'm quite confident they'll keep it until it hits.
Quote: rxwineEvery time this thread comes up again, I have to check to see if today is the day.
Same here.
And now, of course, I've made it come up again.
Quote: rxwineFor someone who knows the workings of the gaming mechanism, is there any way at all this machine could have a malfunction preventing it from hitting its jackpot?
Anything is possible but my opinion is that the machine is malfunctioning is very unlikely. The mechanism that determines the outcome of a slot pull is not that complicated. Given the low probability of the jackpot and that it didn't get played that much until the recent wave of publicity, the probability of it never being hit is not low enough to suspect anything is amiss.
And of course there was that kid who hit it just hrs before his 21st birthday but they denied payment ;)Quote: DJTeddyBearAnd let's not forget that, as mentioned earlier in this thread, that it WAS hit more than once. Just never with full coin-in.
Quote: AxelWolfAnd of course there was that kid who hit it just hrs before his 21st birthday but they denied payment ;)
thought the person was a she?
https://wizardofvegas.com/forum/off-topic/general/17653-lions-share-has-been-hit-but-she-was-underaged/
:)
Quote: Mission146
Interestingly, you performed better on every single possible paying combination than Smokalott. I also tend to agree with Smokalott's data, and believe there is no reason not to. His results are so close to yours over a sample size 6.35 times larger, and the fact he published his before yours, that there is no way he could have fabricated his results and gotten that close.
A couple of months ago I recorded more play on this machine and will endevour to publish those results here shortly.
Quote: smokalottQuote: Mission146
Interestingly, you performed better on every single possible paying combination than Smokalott. I also tend to agree with Smokalott's data, and believe there is no reason not to. His results are so close to yours over a sample size 6.35 times larger, and the fact he published his before yours, that there is no way he could have fabricated his results and gotten that close.
A couple of months ago I recorded more play on this machine and will endevour to publish those results here shortly.
Thanks for posting that original data on VMB, smokalott. Welcome to the forum!
Quote: AxiomOfChoiceThe only thing that I have learned from this discussion is that I am extremely unlucky.
:( I hope to run like the Wizard if I actually ever get around to trying the machine.
I'll be sure to post here when I win, according to the prophecy(lame?).Quote: 100xOddsthought the person was a she?
https://wizardofvegas.com/forum/off-topic/general/17653-lions-share-has-been-hit-but-she-was-underaged/
:)
This is not an April Fools joke this time.
Quote: ams288Well guys, it's over. Somebody won the 2.4 million jackpot last night.
This is not an April Fools joke this time.
It seems no one's interested anymore...
Actually I went web searching for news about it. I figured it would rate a mention.
Overall I'm glad I didn't waste any money on it.
