Question about eviction

Just curious - this may have been answered before- I know all offers are cancelled when evicted but what about things that are earned - such as cash back- or an even better instance where a casino has a double jackpot promotion as follows

Hit a jackpot between July 1-15 and get freeplay equal to that amount valid between 16-31

You hit 9 jackpots and then get banned on the 15th. Are the obligated to follow through? There was also a cash option of 1/2 the freeplay- would this change the situation at all?

Quote: Wizardofnothing

Just curious - this may have been answered before- I know all offers are cancelled when evicted but what about things that are earned - such as cash back- or an even better instance where a casino has a double jackpot promotion as follows

Hit a jackpot between July 1-15 and get freeplay equal to that amount valid between 16-31

You hit 9 jackpots and then get banned on the 15th. Are the obligated to follow through? There was also a cash option of 1/2 the freeplay- would this change the situation at all?

I don't think anybody short of a gaming attorney could answer that one.

I can see it going either way in court, depending on why you were banned and the language of the offer, as well as the laws in place at the time.

Did this happen to you?

If you were tresspassed, I wouldn't take a chance on going back to the casino. I assume all offers are off the table, including cash back.
I'd run it past a gambling attorney if the amount in question is more than his fees would be.

Quote: billryan

If you were tresspassed, I wouldn't take a chance on going back to the casino. I assume all offers are off the table, including cash back.
I'd run it past a gambling attorney if the amount in question is more than his fees would be.

IMO if they 86 you they should pay you your value.

I don't disagree with you. However, I wouldn't risk being arrested over it.

Quote: AxelWolf

IMO if they 86 you they should pay you your value.

If they allow you to cash out points they should pay you but freeplay has no cash value. For those ofyou that want to argue it does, you might want to reconsider. If it has cash value, casinos will have to start giving 1099's for freeplay and most of us don't want that.

Quote: DRich

If they allow you to cash out points they should pay you but freeplay has no cash value. For those ofyou that want to argue it does, you might want to reconsider. If it has cash value, casinos will have to start giving 1099's for freeplay and most of us don't want that.

if that's the case then how is it people are going to jail for getting extra free play due to glitches? No cash value what's the big deal? They say no cash value when it it suits them and suddenly it has cash value if it helps them.

If they want to 86 you, and don't want to give you your free play then they should return your losses if you had any. Or fine, 86 you and they can just give you all your no cash value free play at once and have security stand there while you play it. I mean seriously unless the person is a threat to others there's zero reason to not honor the deal and give it to you with a few hour's to play it. (they can't be free rolling you). Or they can allow a friend or 3rd party to get your free play or complete the promotion. Even if it's an attorney or something.

And what if it isn' free play they are offering? What if it is cash on some multi level promotion? IE. hit 5 Royals and get x amount extra. Now the player hits 4 and had a 10k in loss, now they 86 him or they just change the promo to now you have to hit a sequence royal and he's done nothing illegal or wrong? Let's say that Bonus was 10k. That's absolutely insane.

I would absolutely rather have a 1099 for all free play if they had to honor any promo or deal they offered. I welcome 1099 for free play, some casinos are all ready doing it. I'll tell you where in person.

Quote: AxelWolf

I welcome 1099 for free play, some casinos are all ready doing it. I'll tell you where in person.

Really? (Please tell.)

I know some states are considering ways to "monetize" free play for tax purposes, but I don't know any that currently do it. We both know $100 free play is not the same as $100 cash, right? In my experience, $100 free play seems to generate about $65 cash, although with no guarantee you will get any cash return on it.

Quote: LuckyPhow

In my experience, $100 free play seems to generate about $65 cash, although with no guarantee you will get any cash return on it.

I'd find a new hobby.

Quote: bobbartop

I'd find a new hobby.

This.

Quote: LuckyPhow

Really? (Please tell.)

I know some states are considering ways to "monetize" free play for tax purposes, but I don't know any that currently do it. We both know $100 free play is not the same as $100 cash, right? In my experience, $100 free play seems to generate about $65 cash, although with no guarantee you will get any cash return on it.

sorry to hear that.

Quote: LuckyPhow

Really? (Please tell.)

I know some states are considering ways to "monetize" free play for tax purposes, but I don't know any that currently do it. We both know $100 free play is not the same as $100 cash, right? In my experience, $100 free play seems to generate about $65 cash, although with no guarantee you will get any cash return on it.

Doesn't sound too Lucky to me.

Quote: LuckyPhow

Really? (Please tell.)

I know some states are considering ways to "monetize" free play for tax purposes, but I don't know any that currently do it. We both know $100 free play is not the same as $100 cash, right? In my experience, $100 free play seems to generate about $65 cash, although with no guarantee you will get any cash return on it.

I don't know that it has anything to do with the state but in a few small NV casinos when you win as little as $50 in a drawing they make you sign a 1099 and they send you one for the total amount at the end of the year.

I didn't get an answer what happen if you're total amount was less than $600.

I don't remember what they do with monthly mailers, obviously people are not signing for that when they pick it up, however they send you something informing you of the amount with some instructions.

Quote: AxelWolf

I don't know that it has anything to do with the state but in a few small NV casinos when you win as little as $50 in a drawing they make you sign a 1099 and they send you one for the total amount at the end of the year.

I didn't get an answer what happen if you're total amount was less than $600.

I don't remember what they do with monthly mailers, obviously people are not signing for that when they pick it up, however they send you something informing you of the amount with some instructions.

If they give cash or prizes they should be collecting a photo ID and ss#. If the total amount they give you in the calendar year is $600 or more than they are required by the IRS to send you a 1099. They can send you one for less than $600 but they are not required to. You should not get more than one 1099 from any casino.

Wouldn't that apply to cash or prizes -- something with a "cash value"? I don't think the casino would want to advertise free-play as having cash value, as that implies it's free play to pick up and walk away with....whereas they prefer to advertise it as "funny money" or "extra play credits", where it just allows the player to play for a little while longer. They'd rather you play an extra 2 hours for your $200 in FP....NOT play the same amount and lose $200 less than you normally would.

Maybe that's their way of getting around issuing 1099's to every person in their casino who gets free-play....sort'a how some machines pay 239 credits on a $5 machine or $1199 instead of $1200 (like on triple bonus plus....or some must hit by $1,199.99).

Quote: LuckyPhow

We both know $100 free play is not the same as $100 cash, right? In my experience, $100 free play seems to generate about $65 cash, although with no guarantee you will get any cash return on it.

This is a thread about eviction. If you're a player who can typically only generate 65% from free play, it's clear that you aren't being evicted for being an AP.

I generally MUCH PREFER free play to cash --- assuming I'm allowed to play the free play on 99%+ machines --- and I'm not limiting this to eviction situations only.

Whether the money is guaranteed or not is a non-issue for me. I'm basing my decisions on EV --- not cash in my pocket today. I gamble enough that these numbers merge over time. For those of us who gamble small relative to our bankroll, how much we have in our pocket today is irrelevant.

At most places, cash comes with 1099s and free play doesn't.

If you're paying taxes appropriately, receiving either cash or free play is a taxable event. But free play has the benefit of you choosing when to collect. If you receive $5,000 in free play in mid December and you're ahead this year --- it makes a lot of sense to postpone playing it off until next year. If you're behind in mid December when you receive this free play, it makes sense to collect it now.

If you receive cash instead of free play, you do not have this flexibility.

There are locations where FP cannot be used on any VP games.

A lot of them