oldbudman
oldbudman
Joined: Nov 26, 2015
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October 7th, 2018 at 9:34:05 AM permalink
In VPfree2 glossary section about W2G's, at the end of the definition was a comment about the casino not having to give out a W2G or 1099 if the payout($1200.00+ for VP) was in free play vs. cash. Is this something the casinos would do if asked by the player? Has anyone experienced this themselves? Interesting concept if it were available.
Zcore13
Zcore13
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Thanks for this post from:
TomG
October 7th, 2018 at 10:18:05 AM permalink
Quote: oldbudman

In VPfree2 glossary section about W2G's, at the end of the definition was a comment about the casino not having to give out a W2G or 1099 if the payout($1200.00+ for VP) was in free play vs. cash. Is this something the casinos would do if asked by the player? Has anyone experienced this themselves? Interesting concept if it were available.



I'm no expert on slot jackpots, but it would seem to me you should get a 1099 for that jackpot instead of a W-2G. When a poker jackpot is hit, 1099's are issued to those that qualify because there was no bet placed in winning the jackpot.



ZCore13
I am an employee of a Casino. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
GWAE
GWAE
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October 7th, 2018 at 4:40:58 PM permalink
Quote: Zcore13

I'm no expert on slot jackpots, but it would seem to me you should get a 1099 for that jackpot instead of a W-2G. When a poker jackpot is hit, 1099's are issued to those that qualify because there was no bet placed in winning the jackpot.



ZCore13



you work at a casino and do not know that you get a w2g on a slot jackpot? Unless I read your post wrong.
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Zcore13
Zcore13
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October 7th, 2018 at 5:01:20 PM permalink
Quote: GWAE

you work at a casino and do not know that you get a w2g on a slot jackpot? Unless I read your post wrong.



You read it wrong. He's asking about free play on video poker and the possibility that there is no w-2g using free play.. In poker if you win a jackpot where there was no wager placed it's a 1099. Maybe legally it's the same in slots? I don't work in slots. I don't care what they do in slots. Just saying if its correct there is no w-2g, it could still be a 1099.


ZCore13
I am an employee of a Casino. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
darkoz
darkoz
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October 7th, 2018 at 7:59:25 PM permalink
Quote: Zcore13

You read it wrong. He's asking about free play on video poker and the possibility that there is no w-2g using free play.. In poker if you win a jackpot where there was no wager placed it's a 1099. Maybe legally it's the same in slots? I don't work in slots. I don't care what they do in slots. Just saying if its correct there is no w-2g, it could still be a 1099.


ZCore13



I've won jackpots on freeplay and always was given a w2g

Never was questioned if it was freeplay or cash either
For Whom the bus tolls; The bus tolls for thee
mustangsally
mustangsally
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October 7th, 2018 at 8:11:49 PM permalink
Quote: oldbudman

Has anyone experienced this themselves?

no. I hit 2 jackpots on video poker over the years using only free play credits and both were well over $1200 and both triggered a w2g.

I would contact that website
and
have someone explain where that info came from and the context of that information specifically.

"In general, IRS Form 1099 are not given for Video Poker wins (unless the win involves a free drawing or lottery scenario).
Neither a W2-G or 1099 are given for wins paid in "Free Play"."


At least in Nevada and California, I have never seen it
Sally
I Heart Vi Hart
unJon
unJon
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October 7th, 2018 at 8:45:41 PM permalink
Quote: mustangsally

no. I hit 2 jackpots on video poker over the years using only free play credits and both were well over $1200 and both triggered a w2g.

I would contact that website
and
have someone explain where that info came from and the context of that information specifically.

"In general, IRS Form 1099 are not given for Video Poker wins (unless the win involves a free drawing or lottery scenario).
Neither a W2-G or 1099 are given for wins paid in "Free Play"."


At least in Nevada and California, I have never seen it
Sally



Sallyís quote says win paid in Free Play. Like an invitational poker tournament where you win $10k in free play. Thatís different than upthread where people are talking about winning a cash jackpot by paying free play into the machine.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
mustangsally
mustangsally
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October 7th, 2018 at 8:50:10 PM permalink
Quote: unJon

Sallyís quote says win paid in Free Play. Like an invitational poker tournament where you win $10k in free play. Thatís different than upthread where people are talking about winning a cash jackpot by paying free play into the machine.

agree.
I did not read that page slow enough

was waiting for the Texans to win NFL game
they did!
Sally
I Heart Vi Hart
unJon
unJon
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October 7th, 2018 at 9:05:42 PM permalink
Quote: mustangsally

agree.
I did not read that page slow enough

was waiting for the Texans to win NFL game
they did!
Sally



No one in this thread read OP slow enough! Looks like same distinction about getting paid FP vs using FP who win $.

Great win by Texans!
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
GWAE
GWAE
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October 8th, 2018 at 3:54:41 AM permalink
Quote: Zcore13

You read it wrong. He's asking about free play on video poker and the possibility that there is no w-2g using free play.. In poker if you win a jackpot where there was no wager placed it's a 1099. Maybe legally it's the same in slots? I don't work in slots. I don't care what they do in slots. Just saying if its correct there is no w-2g, it could still be a 1099.


ZCore13



If you are using free play then you are definitely given a W2g. I wonder if that is technically correct since you are using something that has no cash value. I am betting that if you fought it with the IRS you technically should be given a 1099. No one is going to do that since a 1099 is worse.

If you are given free play instead of cash then there shouldn't be a 1099 or a w2g because you are being given something that has no cash value. Same as when you win a drawing. When they give free play as the prize there is no tax form given.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW

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