How much to tip on a $1 million slot win?

Quote: MrV

Quote: mcallister3200

I will generally tip something in order to attempt to preserve my longevity in a specific place.

What do you mean by this, do you actually believe that you'll be denied the right to gamble if you don't tip slot attendants if you get a hand pay?
link to original post

He’s an advantage player, so there’s a pretty reasonable probability that he’ll be denied the, “Right,” to gamble even if he does tip.

What mission said, in some cases I just don’t want to give any additional reason for a slot director or someone to take a closer look or don’t want to give them additional reasons to dislike me If there’s some discretion of an employee on what decision to make.

Quote: Actuarial

Part of the reason was the tip made my after-tax check amount an even $100k, but that marginal tip amount really starts circling around in your brain when you start thinking of what you can buy with $4k.
link to original post

I find that very interesting. I've know of video poker players winning $1,250 (betting $25 and hitting a four of a kind that pays 25 for 1) and begging to tip over $50 to not get the W2G. They were told the W2G would be for $1,250, regardless of the tip.

Quote: Starburger

I have a radical idea. Casinos should just automatically add a 20 percent tip of all jackpots to be split among all of the employees who processed the jackpot. Many restaurants add an automatic 20 percent tip to meals, casinos should follow suit. It would prevent a lot of hassles, employees are guaranteed something, players don't feel pressured to give a lot of money when the tip is automatically added. It's a win win situation. Think of how relieved you feel when tip is automatically put on your restaurant bill. The same would go for jackpots at a casino.
link to original post

I don’t feel relieved when a tip is automatically added to a restaurant bill. 20 % added on all slot jackpots, that’s fine as long as the players get 20% rebate on all losses.

Quote: Hunterhill

Quote: Starburger

I have a radical idea. Casinos should just automatically add a 20 percent tip of all jackpots to be split among all of the employees who processed the jackpot. Many restaurants add an automatic 20 percent tip to meals, casinos should follow suit. It would prevent a lot of hassles, employees are guaranteed something, players don't feel pressured to give a lot of money when the tip is automatically added. It's a win win situation. Think of how relieved you feel when tip is automatically put on your restaurant bill. The same would go for jackpots at a casino.
link to original post

I don’t feel relieved when a tip is automatically added to a restaurant bill. 20 % added on all slot jackpots, that’s fine as long as the players get 20% rebate on all losses.
link to original post

People can factor in what they might tip on certain outcomes as an increase to the House Edge (or not) in whatever way they want to. However, if tips of 20% were MANDATORY, then there's simply no getting around the fact that the effective House Edge of the game is increased.

For example, even with a $0.50 denomination Jacks or Better game that would have no taxables other than the Royal, the pays on the Royal go from 800-FOR-1 to effectively 640-FOR-1, with additional strategy adjustments that would have to be made accordingly. Effectively, the return of the game would drop to 99.1774%, on 9/6, which reflects a roughly 0.3665% increase to the House Edge.

Regarding the previous post on Self Pay, I believe more casinos will be implementing the hand pays to automatically become electronic. The Cosmo already does this. We already do this at self service cash machines, you can cash your ticket there vs going to the cage however there is a limit, so anything over a 1000 at my regular casino I must use the cage.

Quote: mcallister3200

Or how about more casinos just having self pay jackpots up to a certain amount

Be careful what you wish for.

What is the benefit to the casino to do hand pays? It ties up at least one employee for an extended period, as well as shutting down a machine. I think they are required to collect tax information on some payouts but I'm not sure they gain anything by it. I played a promo at South Point where people were waiting close to an hour, it was so crowded.
I'm open to learning otherwise.

Quote: billryan

What is the benefit to the casino to do hand pays? It ties up at least one employee for an extended period, as well as shutting down a machine. I think they are required to collect tax information on some payouts but I'm not sure they gain anything by it. I played a promo at South Point where people were waiting close to an hour, it was so crowded.
I'm open to learning otherwise.
link to original post

Its gaming and federal laws. Yes, it's all about collecting tax information before you get paid. That includes table games, but the paperwork is processed by the floor. The day is coming when all machines are capable with self pay. With todays technology, you can do your taxes online, you can even enter a different country bypassing customs by using a kiosk if you are set up with global entry.

Quote: MichaelBluejay

Quote: Vegasrider

Well from my standards, I was on the cheap side last night. After hitting a Royal for $2k, and netting $1520 after withholdings, I tipped $60. Took forever to get paid and I know why, the cage was overloaded with customers. But again, happy to wait.
link to original post

Easy Vegas suggests $20 on $1200, and $50 on $5000, so by those standards, you weren't cheap.
link to original post

So ballpark for a $ 4000 handpay, about $ 40 ? That is the RF on a $1 denom VP machine, so fairly common ?

Since Starburger mentioned the idea of an automatic tip, I've heard that there was one casino (I believe in Oregon) who does something like this on their table games progressives, but it's on the back end.

For every dollar that is wagered, a percentage goes on the meter, a percentage goes to the reseed fund, and the rest is kept by the house. At this casino, they take a little percentage and put it into a dealer toke fund which is released when the jackpot goes off.

So to be clear, here is the setup with hypothetical numbers:

Instead of...
60% meter
20% reseed
20% house

...it's more like...
58% meter
19% reseed
5% automatic dealer toke
18% house