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There is a litany of lengthy sequential steps the casino has to take in most gaming jurisdictions to change the percentage return more in the casino’s favor.Earlier this year, as part of an expansive rewrite of gambling tax law, the IRS put forward the idea of lowering the mandatory reporting minimum for slot machines to 0.At present, the fortuitous player winning a ,200 jackpot will find that the machine automatically shuts down until a casino employee arrives with your W2-G....

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A reportable jackpot may not even offset your losses from when you sat front-and-center on that same machine one hour prior.Dear Mark: If the automatic W2-G reporting on a slot machine is for a jackpot of ,200, does that hold true for higher-denomination machines as well? Bill W.2billion Studio City complex in Macau....

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I am going to Las Vegas in October – my first trip – for the World of Concrete convention at the Las Vegas Convention Center. With thousands of machines on the floor, it is not cost-effective for casinos to vary the payouts on weekends, holidays, and yes, Marv’s concrete convention.Certainly, Bill, you can keep track with meticulous records of your losses to offset any winnings, but few, if any, casual gamblers do....

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Dear Mark: Longtime reader, first time writing in. A reportable jackpot may not even offset your losses from when you sat front-and-center on that same machine one hour prior.Those 0 jackpots will not only trigger a tax form, but if you play another hour or two, your taxable winnings will probably be long gone by the losses you incur, and your tax liability will still be outstanding....