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rainman
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January 5th, 2021 at 11:54:44 AM permalink
Quote: Mission146

Maybe Wizard can interview her if they've spoken before. I'm not going to interview Slotlady...I want to know what sort of handshakes might be going on with the land casinos that actually allow the filming to take place there, so whoever I interview is getting absolutely grilled.



I doubt she would divulge contract details but who knows I have heard of 18yo's
prozema
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January 5th, 2021 at 11:58:55 AM permalink
Quote: Mission146

Maybe Wizard can interview her if they've spoken before. I'm not going to interview Slotlady...I want to know what sort of handshakes might be going on with the land casinos that actually allow the filming to take place there, so whoever I interview is getting absolutely grilled.



In one of the lady luck HQ videos she is approached by security because she is filming. I think it was at the hard rock tampa. She provided some kind of paperwork to them so I had assumed the casino was aware she would be filming in advance and some form of an agreement was reached. The video continued after the conversation with security.
TDVegas
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January 5th, 2021 at 12:06:30 PM permalink
A lot of them get prior clearance to film. Some of them have had problems with casinos only wanting them to show winning or bonus sessions. IOW’s don’t show too many losses. “It doesn’t help our business.”

NG claims he’s losing upwards of $300,000 to $500,000 every year playing high limit slots and it doesn’t matter how many subscribers, Patreon accounts or merchandise he sells....he will never profit from playing slots and running a YouTube channel.

So the question is asked...if it’s not making money, you are effectively maintaining and running a slot channel to lose money. The channel simply offsets some of the losses.

Seems like an odd “profession” that really isn’t a profession.

It basically comes down to them wanting to share their enjoyment of slots and I assume, revel in the attention it gives them. Accolades, pats on the back, high fives, etc. on wins. Slot Lady is very nice looking and I assume she knows it helps based on all the comments she receives.

NG is pretty good with giving you FULL reality. He basically, AFAIK, uploads ALL his sessions. Lady Luck and others edit or omit losing content.
prozema
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January 5th, 2021 at 12:13:25 PM permalink
Quote: TDVegas

A lot of them get prior clearance to film. Some of them have had problems with casinos only wanting them to show winning or bonus sessions. IOW’s don’t show too many losses. “It doesn’t help our business.”

NG claims he’s losing upwards of $300,000 to $500,000 every year playing high limit slots and it doesn’t matter how many subscribers, Patreon accounts or merchandise he sells....he will never profit from playing slots and running a YouTube channel.

So the question is asked...if it’s not making money, you are effectively maintaining and running a slot channel to lose money. The channel simply offsets some of the losses.

Seems like an odd “profession” that really isn’t a profession.

It basically comes down to them wanting to share their enjoyment of slots and I assume, revel in the attention it gives them. Accolades, pats on the back, high fives, etc. on wins. Slot Lady is very nice looking and I assume she knows it helps based on all the comments she receives.

NG is pretty good with giving you FULL reality. He basically, AFAIK, uploads ALL his sessions. Lady Luck and others edit or omit losing content.



TL/DR

I assume this says you think NG is better looking than Lady Luck. ;-)
rdw4potus
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January 5th, 2021 at 12:29:03 PM permalink
Quote: Mission146

Maybe Wizard can interview her if they've spoken before. I'm not going to interview Slotlady...I want to know what sort of handshakes might be going on with the land casinos that actually allow the filming to take place there, so whoever I interview is getting absolutely grilled.



Rules on filming are bizarre. Mystic Lake here in MN allows stills of jackpots, but no video ever. Treasure Island (MN) allows video but no stills, and they haven't un-banned anyone who was 86ed under the old (no filming anything ever) rules. MGM Springfield allows filming of bonuses only, and discrete approval on a machine by machine basis is required. Mohegan Sun (CT) allows filming of machines but not other patrons. Same at Red Rock - no filming of any part of another person is allowed. Speaking of Red Rock - Red Rock allows filming but GVR doesn't. And, I guess, Aria and NYNY do but Bellagio doesn't. Wynn and Venetian have granted specific requests to film, but then not actually told security or slot attendants to stop harassing the approved filmers. Cosmo, D, and the Plaza all actively support filming slots; but the music is so loud at the D that every video on Youtube gets overdubbed to avoid copyright issues. Plaza and ElCo both seem to support folks who want to film tables. I guess they both have private areas? Or enough confidence that there won't be enough demand to require the release of a reserved table. Hard Rock Tampa, but not Hard Rock Hollywood, allows filming of both slots and tables. And, they've actually added machines and changed denominations at the request of the MG21 channel. I didn't expect a channel to have that much clout, but I guess MG21 does bet big ($50ish/spin).

After the first couple trips, I think this starts to be a pretty lavish free vacation for these folks. Only a very few actually profit. But the ADT leads to free food, suites, spa services, etc., the air miles keep racking up, and the monetization and merchandise sales offset some of the gambling losses. There are worse ways to spend a weekend or two a month.

One thing that stands out - there are almost no filmed sessions from advantage slots. And, that can't be an accident. Even the channels that play the newest and flashiest slots seem to skip new flashy AP slots. I think these folks are smart enough to know not to broadcast some things, and I take that to be refreshing.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
Mission146
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January 5th, 2021 at 12:33:47 PM permalink
Quote: TDVegas

A lot of them get prior clearance to film. Some of them have had problems with casinos only wanting them to show winning or bonus sessions. IOW’s don’t show too many losses. “It doesn’t help our business.”



I believe that. Kind of questionable on the casino's part to be fine with filming, but only if the person is going to show profitable sessions or sessions with free games. I'd almost say questionable of the Youtuber to accept those terms, if they have, but they can do whatever they want.

Quote:

NG claims he’s losing upwards of $300,000 to $500,000 every year playing high limit slots and it doesn’t matter how many subscribers, Patreon accounts or merchandise he sells....he will never profit from playing slots and running a YouTube channel.

So the question is asked...if it’s not making money, you are effectively maintaining and running a slot channel to lose money. The channel simply offsets some of the losses.



Lot of ways to look at that. Maybe he figures it wouldn't change his gambling proclivities to not have the channel, so might as well offset it a bit with all of that other stuff. Definitely eats into the expected loss of playing the machines at least a little bit...I'd have a tough time believing that he'd do all of those things if they were unprofitable or not worth the hourly of their own accord.

Quote:

Seems like an odd “profession” that really isn’t a profession.

It basically comes down to them wanting to share their enjoyment of slots and I assume, revel in the attention it gives them. Accolades, pats on the back, high fives, etc. on wins. Slot Lady is very nice looking and I assume she knows it helps based on all the comments she receives.

NG is pretty good with giving you FULL reality. He basically, AFAIK, uploads ALL his sessions. Lady Luck and others edit or omit losing content.



I honestly don't know why Youtube viewers make comments like that, "Hey, you're really pretty." Do they expect that she's going to reply, "Oh, you think I'm pretty? Do you want to go out sometime?" I don't know. As long as they enjoy what they're doing on some level, I guess who cares?

That sounds like NG has a pretty good channel. If I did a Youtube channel of -EV slots, then I'd probably have it be NOTHING but losing. I'd play penny slots for sub $1 spins and be like, "Well, there went $20 making fifty cent bets in...oh, looks like three and a half minutes. Wasn't that fun?"
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rdw4potus
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January 5th, 2021 at 12:36:49 PM permalink
Quote: Mission146


That sounds like NG has a pretty good channel. If I did a Youtube channel of -EV slots, then I'd probably have it be NOTHING but losing. I'd play penny slots fort sub $1 spins and be like, "Well, there went $20 making fifty cent bets in...oh, looks like three and a half minutes. Wasn't that fun?"



That used to pretty much be the premise of Vegas Low Roller's channel. He really was a low roller. Take $100 in, add $20 free play, make $0.80 bets for 20 minutes, hope to break evenish, repeat.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
Mission146
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January 5th, 2021 at 12:38:46 PM permalink
Quote: rdw4potus

That used to pretty much be the premise of Vegas Low Roller's channel. He really was a low roller. Take $100 in, add $20 free play, make $0.80 bets for 20 minutes, hope to break evenish, repeat.



Yeah, but I'd never show really good bonus games or any winning sessions. I'd definitely be sure to show the bonus games that led to a final result of less than 10x bet.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rdw4potus
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January 5th, 2021 at 12:44:17 PM permalink
Quote: Mission146

Yeah, but I'd never show really good bonus games or any winning sessions. I'd definitely be sure to show the bonus games that led to a final result of less than 10x bet.



I could see Axel being good with this schtick too. Start each video super excited, then get madder and madder as the money bleeds away. Then just deadpan snark in the closing.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
DRich
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January 5th, 2021 at 12:56:18 PM permalink
Quote: USpapergames



The only reason why I'm even playing your guy's game is because it's what's required for you to take my work seriously



It is not working.
At my age, a "Life In Prison" sentence is not much of a deterrent.
Wizard
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January 5th, 2021 at 12:57:20 PM permalink
Quote: rxwine

You should do an interview with her or other slot player channels on what they’ve learned about running a gambling channel like that for profit. The pros and cons.



YouTube has a strict rule against revealing how much money anyone earns on YouTube. So, on the big question, she would be silenced. I personally think it ranges from about 0.5 to 1 cent a view, in general.
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Mission146
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January 5th, 2021 at 1:19:06 PM permalink
Quote: Wizard

YouTube has a strict rule against revealing how much money anyone earns on YouTube. So, on the big question, she would be silenced. I personally think it ranges from about 0.5 to 1 cent a view, in general.



I would want to know how much, if anything, she's getting from the casinos themselves over and above the usual comp expectations given her ADT.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rsactuary
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January 5th, 2021 at 1:26:55 PM permalink
Quote: Wizard

YouTube has a strict rule against revealing how much money anyone earns on YouTube. So, on the big question, she would be silenced. I personally think it ranges from about 0.5 to 1 cent a view, in general.



Interesting, because Lady Luck HQ has posted videos discussing this topic. Here's her latest:

https://www.youtube.com/watch?v=_2a1Ezyvkx8

Admission: I have not actually watched this video, so perhaps the lede is misleading.
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January 5th, 2021 at 1:34:56 PM permalink
Quote: Mission146

I would want to know how much, if anything, she's getting from the casinos themselves over and above the usual comp expectations given her ADT.



Maybe Wizard can submit for a list of questions to ask her in advance.

She may choose not to answer some. Up to her of course. Same with others. Sometimes you can get answers if you word the question carefully. Someone may not tell you how much they make from their slot channel, but they might tell you if it's more or less than a 40 hour a week minimum wage after losses (expenses) EDIT
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January 5th, 2021 at 1:38:33 PM permalink
Quote: rsactuary

Interesting, because Lady Luck HQ has posted videos discussing this topic. Here's her latest:



You'll notice she doesn't specifically say how much she makes, at least that I can see, but leads the viewer down a path where a good estimate can be made.

Tangenine Travels does a similar video where they are very careful to state YouTube rules on income disclosure.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Mission146
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January 5th, 2021 at 1:44:20 PM permalink
Quote: rsactuary

Interesting, because Lady Luck HQ has posted videos discussing this topic. Here's her latest:

https://www.youtube.com/watch?v=_2a1Ezyvkx8

Admission: I have not actually watched this video, so perhaps the lede is misleading.



The title is not misleading. It would seem that having a successful slot channel is the real advantage play. I imagine there are several people (if not a hundred) trying to do it for every one that is actually successful.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
smoothgrh
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January 5th, 2021 at 1:55:31 PM permalink
Side note on slot channels: they're great for the slot collectors community and for those interested in the history of video games.

I've bought a few slot games after watching videos from guys like VegasPlankton and RandomSlots.

But Slotlady is by far my favorite channel for both documenting games and feeling like I'm there at the table/machine.
rainman
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January 5th, 2021 at 3:38:42 PM permalink
I watch the 1A audit guys quite frequently and have ascertained
that a youtuber with about 100k subscribers can make
8-15k a month there is a lot of variables (a video goes viral ect...)
They also make a portion from patreon's affiliate links and Merch. t's. hats and crap.
ChumpChange
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January 5th, 2021 at 4:15:02 PM permalink
Back in the old days if your video went viral with over 10,000 views, it usually brought in a lot of haterz and became unmanageable.
TDVegas
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January 5th, 2021 at 5:25:37 PM permalink
Quote: Mission146

I believe that. Kind of questionable on the casino's part to be fine with filming, but only if the person is going to show profitable sessions or sessions with free games. I'd almost say questionable of the Youtuber to accept those terms, if they have, but they can do whatever they want.


I’m guessing they would rather not accept those terms....but they do. MG21 abides by their rules at Northeast casinos.

Quote: Mission146

Lot of ways to look at that. Maybe he figures it wouldn't change his gambling proclivities to not have the channel, so might as well offset it a bit with all of that other stuff. Definitely eats into the expected loss of playing the machines at least a little bit...I'd have a tough time believing that he'd do all of those things if they were unprofitable or not worth the hourly of their own accord.


Almost all of them “hawk” for likes. My guess is they get something back and view the “work” as justifying their slot habit on some level....even though they don’t make money. Some of these players are playing 800-1,000 yearly sessions of high limit slots. I don’t want to say degenerate because it seems all of them have the bankroll to keep playing...but my guess is they ARE addicted to slots.

Quote: Mission146

I honestly don't know why Youtube viewers make comments like that, "Hey, you're really pretty." Do they expect that she's going to reply, "Oh, you think I'm pretty? Do you want to go out sometime?"


Slot lady is ALWAYS getting hit on by subscribers. Same would likely go for Lady Luck except she brings her husband to every session. Both likely “court” the attention (subscribers) their looks bring.

I have no idea how their high limit play is funded....but some have offered how. I believe Lady Luck has stated she has a “job” in marketing, but has also said public relations. So, who knows. NG claims to run an online jewelry business but will not name it and has also mentioned having “family money”. I have no idea what slot lady does, nor others. I do suspect that some or all are not being entirely truthful about their bankroll funding. Then again, it’s their business.
Last edited by: TDVegas on Jan 5, 2021
Mission146
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January 5th, 2021 at 5:36:41 PM permalink
Quote: TDVegas

I’m guessing they would rather not accept those terms....but they do. MG21 abides by their rules at Northeast casinos.


Almost all of them “hawk” for likes. My guess is they get something back and view the “work” as justifying their slot habit on some level....even though they don’t make money. Some of these players are playing 800-1,000 yearly sessions of high limit slots. I don’t want to say degenerate because it seems all of them have the bankroll to keep playing...but my guess is they ARE addicted to slots.



Maybe so. Far be it from me to question what anyone wants to do; if I had my ideal life, then I'd basically never do anything. lol

Quote:

Slot lady is ALWAYS getting hit on by subscribers. Same would likely go for Lady Luck except she brings her husband to every session. Both likely “court” the attention (subscribers) their looks bring.



I don't know how I feel about that characterization. I guess I would say that, if it's true, good on them given that relative physical attractiveness (and especially so if female) is definitely a salable commodity in the video medium. On the other hand, they look how they look, so I think the immediate assumption that people are going to want to make is that they are, "Using their looks," even if they might well be doing the same exact thing if they looked differently.

Maybe they would get fewer views if they were less attractive, but I would suggest that says more about the person who cares about the appearance of their preferred spinner of slot machines.

Don't get me wrong, there are some entertainment segments where appearance arguably should matter...I just don't really think it's one of them when the main point of it is, "Watch this slot machine."
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Mission146
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January 5th, 2021 at 6:12:48 PM permalink
Quote: TDVegas



I have no idea how their high limit play is funded....but some have offered how. I believe Lady Luck has stated she has a “job” in marketing, but has also said public relations. So, who knows. NG claims to run an online jewelry business but will not name it and has also mentioned having “family money”. I have no idea what slot lady does, nor others. I do suspect that some or all are not being entirely truthful about their bankroll funding. Then again, it’s their business.



Based on Lady Luck's video, she could fairly comfortably fund her high-limit play on Youtube revenues. She didn't say that, but November was looking like a 30k+ month for her. If you figure high-limit slots are going to hold around 5%, that gets her what...600k in total spins? Some sessions will go better than others, of course.

But then you have to get into free play, comp value, etc., etc...plus whatever other revenue sources she has.

I guess I'd be interested in the funding of the play for her first several videos; I think Youtube pretty much has her covered now.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
TDVegas
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January 5th, 2021 at 9:36:17 PM permalink
Quote: Mission146

Based on Lady Luck's video, she could fairly comfortably fund her high-limit play on Youtube revenues. She didn't say that, but November was looking like a 30k+ month for her. If you figure high-limit slots are going to hold around 5%, that gets her what...600k in total spins? Some sessions will go better than others, of course.

But then you have to get into free play, comp value, etc., etc...plus whatever other revenue sources she has.

I guess I'd be interested in the funding of the play for her first several videos; I think Youtube pretty much has her covered now.


$30,000+ per month? I’m not getting that. Her December views were around 2.3 million for 41 sessions. If we assume $3 per 1,000 views....that’s about $7,000 for the month or around $175 per session. Considering she’s wagering at times anywhere from $25 to $200 per spin, I don’t see how it could be a money maker or even close.

If we take it up to $5 per 1,000....ipso fatso, $11,500 or $285 per session. Still nothing compared to her potential losses. I don’t think she sells merchandise but possibly has a patreon account and gets chat money.

Now, maybe my math isn’t right...but this is what I got.
ChumpChange
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January 5th, 2021 at 9:49:13 PM permalink
Her table game buy-ins have been $1000-$1500 lately, I haven't seen her double her session money yet, but I haven't looked hard.
I had a $1000 buy-in on a play money video blackjack game tonight and doubled my money in 11 hands, and another time in 7 hands. My losing streaks were losing $1000 in 77 hands and again in 110 hands.
Mission146
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January 6th, 2021 at 6:14:31 AM permalink
Quote: TDVegas

$30,000+ per month? I’m not getting that. Her December views were around 2.3 million for 41 sessions. If we assume $3 per 1,000 views....that’s about $7,000 for the month or around $175 per session. Considering she’s wagering at times anywhere from $25 to $200 per spin, I don’t see how it could be a money maker or even close.

If we take it up to $5 per 1,000....ipso fatso, $11,500 or $285 per session. Still nothing compared to her potential losses. I don’t think she sells merchandise but possibly has a patreon account and gets chat money.

Now, maybe my math isn’t right...but this is what I got.



I thought it said her projected revenue for the month in question was 30k+ (per Youtube) on the video that was linked. I watched probably the first 7-8 minutes of it, which was enough time to learn that it would have been better for her had I watched all of it...but 7-8 minutes is still pretty good. Maybe I'll play it again and let it run while I go off and have a smoke, or something. The information was really good...I probably at least owe her having the whole thing play through once.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
TDVegas
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January 6th, 2021 at 9:15:21 AM permalink
Quote: Mission146

I thought it said her projected revenue for the month in question was 30k+ (per Youtube) on the video that was linked. I watched probably the first 7-8 minutes of it, which was enough time to learn that it would have been better for her had I watched all of it...but 7-8 minutes is still pretty good. Maybe I'll play it again and let it run while I go off and have a smoke, or something. The information was really good...I probably at least owe her having the whole thing play through once.


I may be totally wrong. I’m simply going by what is shown for Google searches on how much money can be made from views. NG Slots also told me “no way” can you cover your losses, and he has double the subscriber amount that Lady Luck HQ has. My understanding on YouTube terms of service is she isn’t even supposed to disclose her earnings for herself regardless. I watched her video....and it seems like she generalizes a bunch. Even so, I dispute her numbers. If 2 million views is earning $30,000 month....something is crazy.
ChumpChange
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January 6th, 2021 at 9:25:44 AM permalink
They get paid by minutes too. A 3 minute video that gets a million views doesn't get paid as much as a half hour video that gets a million views. I've got my AdBlocker on so if I watch 10,000 videos, nobody gets paid anyway.
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January 7th, 2021 at 12:20:35 AM permalink
Quote: TDVegas

I may be totally wrong. I’m simply going by what is shown for Google searches on how much money can be made from views. NG Slots also told me “no way” can you cover your losses, and he has double the subscriber amount that Lady Luck HQ has. My understanding on YouTube terms of service is she isn’t even supposed to disclose her earnings for herself regardless. I watched her video....and it seems like she generalizes a bunch. Even so, I dispute her numbers. If 2 million views is earning $30,000 month....something is crazy.

They might be negotiating a loss rebate with the casinos they play at.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Tanko
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January 7th, 2021 at 3:44:41 AM permalink
Ryan Kaji, 9, Tops Forbes’ Highest-Paid YouTube Stars of 2020 with $29.5 Million

"From June 1, 2019, through June 1, 2020, Kaji earned a whopping $29.5 million and nabbed 12.2 billion views on his videos." - Forbes
Mission146
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January 7th, 2021 at 6:14:05 AM permalink
Quote: TDVegas

I may be totally wrong. I’m simply going by what is shown for Google searches on how much money can be made from views. NG Slots also told me “no way” can you cover your losses, and he has double the subscriber amount that Lady Luck HQ has. My understanding on YouTube terms of service is she isn’t even supposed to disclose her earnings for herself regardless. I watched her video....and it seems like she generalizes a bunch. Even so, I dispute her numbers. If 2 million views is earning $30,000 month....something is crazy.



She showed what she claimed to be her little Youtube widget in the video and it said her expected revenue for the month was 30k+. I want to clarify that I'm not making any claims, just relaying what I saw in the video. She did mention that she has strong earnings because of time spent actually watching the video, on average, as well as high interaction rates---such as likes and comments.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Mission146
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January 7th, 2021 at 6:16:21 AM permalink
Jump to 5:00

https://www.youtube.com/watch?v=_2a1Ezyvkx8

Closer to 40k for the month in question.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
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January 7th, 2021 at 8:32:26 AM permalink
Quote: Mission146

Jump to 5:00

https://www.youtube.com/watch?v=_2a1Ezyvkx8

Closer to 40k for the month in question.


Yes, I’ve seen her video. I question the numbers simply because another YouTube channel with 200k subscribers says “no chance” covering slot losses. One of them is either exaggerating, misrepresenting or lying. NG slots says no way can the losses be covered. He gambles at about the same rate as her...and saying he’s losing anywhere from $300,000 to $500,000 per year on high limit slots. I guess it is possible he is not being totally honest in that he may lose that amount...but gets back a lot thru his channel.

I’d rather hear from independent sources.

https://turbo.intuit.com/blog/relationships/how-much-do-youtubers-make-5035/
AxelWolf
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January 7th, 2021 at 8:54:12 AM permalink
Quote: Mission146

Jump to 5:00

https://www.youtube.com/watch?v=_2a1Ezyvkx8

Closer to 40k for the month in question.

Again, I wonder if they make deals with the casinos. Also, do they have other costs associated with their channels such as paying other influencers to mention their channel or any kind of advertising costs?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Mission146
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January 7th, 2021 at 9:34:07 AM permalink
Quote: TDVegas

Yes, I’ve seen her video. I question the numbers simply because another YouTube channel with 200k subscribers says “no chance” covering slot losses. One of them is either exaggerating, misrepresenting or lying. NG slots says no way can the losses be covered. He gambles at about the same rate as her...and saying he’s losing anywhere from $300,000 to $500,000 per year on high limit slots. I guess it is possible he is not being totally honest in that he may lose that amount...but gets back a lot thru his channel.

I’d rather hear from independent sources.

https://turbo.intuit.com/blog/relationships/how-much-do-youtubers-make-5035/



I agree with independent sources. However, if you take 38k and multiply it by twelve, then you're safely in the range of what NG Slots claims to be losing annually. Well within the range, in fact. I'm not going to claim either of them are misrepresenting or lying because I have no direct experience whatsoever in that regard. There are a lot of, "It could bes," involved.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Mission146
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January 7th, 2021 at 9:36:14 AM permalink
Quote: AxelWolf

Again, I wonder if they make deals with the casinos. Also, do they have other costs associated with their channels such as paying other influencers to mention their channel or any kind of advertising costs?



I don't imagine you'd have advertising costs, unless they're paying for bot subscribers or actual people who subscribe on a compensated basis. I should imagine any such thing would violate Youtube's Terms of Service. I'm primarily interested in any direct deals with the casinos and that's what I'd ask about. Other than being curious about incoming revenues, I don't really care so much about their relationship with Youtube and wouldn't want them to say anything that could maybe get them in trouble.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rsactuary
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January 7th, 2021 at 9:38:32 AM permalink
Quote: Mission146

I agree with independent sources. However, if you take 38k and multiply it by twelve, then you're safely in the range of what NG Slots claims to be losing annually. Well within the range, in fact. I'm not going to claim either of them are misrepresenting or lying because I have no direct experience whatsoever in that regard. There are a lot of, "It could bes," involved.



And then multiply it by 0.65 because that is income that they'll have to pay taxes on.
TDVegas
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January 7th, 2021 at 9:39:30 AM permalink
Quote: AxelWolf

Again, I wonder if they make deals with the casinos. Also, do they have other costs associated with their channels such as paying other influencers to mention their channel or any kind of advertising costs?


Every so often I see “The Big Jackpot”, aka Scott Richter aka “The email spam king” on the marquee of a Las Vegas casino advertising he will be playing slots on certain days. My guess is they throw him something.
Mission146
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January 7th, 2021 at 9:47:48 AM permalink
Quote: rsactuary

And then multiply it by 0.65 because that is income that they'll have to pay taxes on.



In theory.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
ChumpChange
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January 7th, 2021 at 9:52:21 AM permalink
The tax implications on The Big Jackpot must be astounding.
rsactuary
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January 7th, 2021 at 11:09:34 AM permalink
Quote: ChumpChange

The tax implications on The Big Jackpot must be astounding.



On his jackpot winnings? probably not monetarily as he's likely at a net loss. The bookkeeping of that would be quite onerous.

But revenue from YouTube would be considered income and that has to be claimed and taxes paid. No offsetting losses on that.
rdw4potus
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January 7th, 2021 at 12:06:29 PM permalink
Quote: rsactuary


But revenue from YouTube would be considered income and that has to be claimed and taxes paid. No offsetting losses on that.



Aren't there? it's all part of a professional gambling business, I think. So expenses and losses would net against all streams of income that are generated as a part of the overall "business" endeavor.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
AxelWolf
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January 7th, 2021 at 1:05:30 PM permalink
Quote: rdw4potus

Aren't there? it's all part of a professional gambling business, I think. So expenses and losses would net against all streams of income that are generated as a part of the overall "business" endeavor.

But if you're making money overall then obviously you are on the hook for paying the taxes..

I don't believe the top slotting channel people are losing money... It doesn't make any sense to me..

If they are losing money I have a feeling it's only part of a grand scheme where they believe big profits will come in at some point...
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
AxelWolf
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January 7th, 2021 at 1:21:35 PM permalink
I'm not sure If I can articulate this well but I'll try.

After hearing a GWAE podcast regarding the online gambling slot channels I noticed there was some club or whatever that people joined who verified the streamers/video makers were legitimate using legitimate money etc.

Basically you needed to join this network to get credibility that your videos and streaming was legitimate(not using free play casino action or whatever)

Sounds great on the surface, but then I was thinking those guys are basically blackmailing people into joining their network if they want credibility and making all the subafilliate profits from everyone in their network( Fing genius)


No doubt the the top guys doing that are getting generous wagering requietments. Loss rebates and all kinds of perks thus giving them an advantage on the slot play and on top of that all the affiliate revenue they get when people deposit money in the casino they tout. It's actually masterful.. How do U get into this?
Last edited by: AxelWolf on Jan 7, 2021
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Mission146
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January 7th, 2021 at 2:26:37 PM permalink
Quote: rsactuary

On his jackpot winnings? probably not monetarily as he's likely at a net loss. The bookkeeping of that would be quite onerous.

But revenue from YouTube would be considered income and that has to be claimed and taxes paid. No offsetting losses on that.



I'm not so sure. It seems to me that you could at least make the argument that the slot machine losses are a business expense, at least any that exceed your slot machine wins (which you would just offset against losses dollar for dollar).
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Mission146
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January 7th, 2021 at 2:29:00 PM permalink
Quote: AxelWolf

I'm not sure If I can articulate this well but I'll try.

After hearing a GWAE podcast regarding the online gambling slot channels I noticed there was some club or whatever that people joined who verified the streamers/video makers were legitimate using legitimate money etc.

Basically you needed to join this network to get credibility that your videos and streaming was legitimate(not using free play casino action or whatever)

Sounds great on the surface, but then I was thinking those guys are basically blackmailing people into joining their network if they want credibility and making all the subafilliate profits from everyone in their network( Fing genius)


No doubt the the top guys doing that are getting generous wagering requietments. Loss rebates and all kinds of perks thus giving them an advantage on the slot play and on top of that all the affiliate revenue they get when people deposit money in the casino they tout. It's actually masterful.. How do U get into this?



First few paragraphs sound like a variation of the Better Business Bureau. That's basically the business model there.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rxwine
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January 7th, 2021 at 2:36:20 PM permalink
Can Slotlady become a corporation, and is there an advantage to that?
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Mission146
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January 7th, 2021 at 2:51:37 PM permalink
Quote: rxwine

Can Slotlady become a corporation, and is there an advantage to that?



I guess she technically could and any advantage would be that it would enable her to sell shares. I don't know why she would want to do that. I think it would perhaps make more sense to establish herself as a Limited Liability Company (LLC), but I still don't see any real benefit to that. Unless she's going to have people working with her as some sort of partnership, there's no real tax benefit. She could contribute property to herself (the LLC) tax-free, but again, no real benefit unless she's wanting to have partners. I also don't know what property there would really be to contribute.

She'd have to worry about potentially getting sued for something for it to really make any sense at all, then the LLC would afford some degree of protection against being sued in her personal capacity. Honestly, unless she really expects to be sued at some point, it would just create a headache for her with no real benefit that I can think of.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rdw4potus
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January 7th, 2021 at 4:48:48 PM permalink
Sarah is Canadian, so she may not be a great test case or theoretical for the slots-as-a-business idea. At least, not as far as US tax rules are concerned.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
smoothgrh
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January 7th, 2021 at 6:31:34 PM permalink
I just watched Sarah play the Star Trek: The Next Generation slot machine, and I'm just happy she's doing this.

I'm not visiting casinos, so it's like going and observing someone who's playing. Much like watching other kids play video games when I'm low or out of quarters.
ams288
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January 8th, 2021 at 8:38:52 AM permalink
Quote: smoothgrh

I just watched Sarah play the Star Trek: The Next Generation slot machine, and I'm just happy she's doing this.

I'm not visiting casinos, so it's like going and observing someone who's playing. Much like watching other kids play video games when I'm low or out of quarters.



I like to see her test out the new slots.

More often than not I say to myself “yeah, I’d never play that in a million years.”
Ding Dong the Witch is Dead
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