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Question of the Day - 05 January 2023

Q:

Questions. We get lots and lots of questions.

A:

Many people think the casinos can control jackpots. I’ve heard some say, “They’re saving it for the holiday” (or the weekend). Is this possible?

With computers, (practically) anything's possible. But with the random number generators that generally determine the outcomes of slot machines, not so much.

Both are beside the point, at least as far as how the casinos manage their slot floors is concerned. It's against gaming regulations for anyone, casinos and players, to "control" the outcome of a gambling game, of which "saving it for the holiday" would be a prime example. And with the average hold of a slot machine at around $250 per day, the casino would be short-sighted indeed to do anything illicit, such as gaffing a slot in order to delay a jackpot for some more opportune time, which could threaten their money-minting licenses. 

 

Can I get a Nevada seasonal ID if my home is in Canada?

Sorry, but no. Here's the rule straight off the website for the Nevada Department of Motor Vehicles: "Seasonal resident identification cards are marked with a designation that the holder is a seasonal resident and is licensed in another state [italics our own]. You must meet the requirements for a Nevada ID card. These cards are not issued to tourists from foreign countries."

 

What's the deal with the "no-swearing-on-the-mic" rule at Ellis Island karaoke? It's in a bar. In a casino. After 9 p.m. In Las Vegas. It seems like a weird bit of prudery in a city festooned with giant billboards of women in g-strings and a seemingly endless parade of trucks advertising "Girls Direct to Your Room!"

We asked Ellis Island and got this official response. "Simple answer on this one: The karaoke lounge is connected to our restaurant, which is all ages." So they're protecting whatever virgin ears are there for dinner or, perhaps more accurately, the sensitivities of parents where their kids are concerned.

 

With tax time just around the corner, I was wondering: When you win a hand-pay jackpot at a casino, it is customary to tip the slot attendants. Are those tips tax-deductible?

The short answer is no. And that's not even if you can deduct losses against your gambling wins in the first place, which most people can no longer do, since the tax reform of 2018 raised the standard deduction such that it negates itemizing deductions (e.g., mortgage interest, medical expenses, and gambling losses).

That said, it's a different story if you can claim to be a professional gambler and you fill out a Schedule C for your gambling "business." That's the case for a small enough number of taxpayers that we can make it a rule of thumb for everyone else: You cannot deduct tips, even if you can deduct losses. 

 

I read QoD about 8 a.m. Eastern. It just occurred to me that's 5 a.m. Pacific. Just wondering what time "today's" becomes "yesterday's."

Our website is set on Pacific Time. So QoD goes live at midnight in Las Vegas, which means today's QoD becomes yesterday's at 3 a.m. Eastern the following day. 

 

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Comments

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  • Dave_Miller_DJTB Jan-05-2023
    Time zones
    You got your math wrong. 
    
    >> today's QoD becomes yesterday's at 9 p.m. Eastern. 
    
    That should say 3am Eastern. 

  • William Nye Jan-05-2023
    Pacific time
    Seems that midnight in Las Vegas is 3am eastern?  

  • shadow520 Jan-05-2023
    @Dave and @ William
    Just came to say the same thing.  Midnight PST is 3am EST, not 9pm.

  • Vegas Fan Jan-05-2023
    Time 
    3am it is, then. I find the whole time thing confusing. Like on the news when they tell you about things that have happened"tomorrow". Guess the whole "Internet time" thing never happened/never will. 

  • Deke Castleman Jan-05-2023
    corrected
    3 a.m. Eastern it is. 

  • [email protected] Jan-05-2023
    Gaming Losses
    I still deduct gaming losses, since my itemized deductions exceed the standard deduction.  That said, I just found out something interesting.  Earlier this year I hit a $8K Royal in Atlantic City and discovered for the first time that North Carolina no longer allows gaming deductions, so I had to pay estimated NC tax on my winnings.  This had been in place for a number of years, but since I hadn't hit any royals for awhile I didn't notice the difference between my federal and state returns, which weren't enough to trigger penalties.  Just a notice that people need to check their state income tax rules as well as the federal rules when evaluating gaming wins and losses. (Note that I report all my gaming winnings, not just those for which I get a W-2G.)

  • Kevin Lewis Jan-05-2023
    Tip the attendant? Why??
    I can understand. perhaps, back in the old days, the change girl would sell you a roll of quarters, and in some casinos, they can cash out TITO tickets. But otherwise, what exactly deserves a tip? Counting out the money into your outstretched hand? Feh! As far as the paperwork goes, that's done by a suit and/or the cashier.
    
    When I lose $1000, no one tips me $10.