![]() ![]() Your jackpot win just sent a signal back to the casino’s monitoring room, so an attendant will rush over to verify your win. A casino worker will quickly home in on you.Įxpect a quick visit from one of the casino workers. You’re going to have to pay tax on all of your winnings, and the casino will issue you a W-2G form, a special IRS document designed specifically for “certain gambling winnings.” The good news is that if you’re a frequent gambler, you can deduct the money you spent while chasing that jackpot-provided, of course, that you kept records of both your wins and your losses. We’re going to assume that you won more than $1,200. You’re going to have to fill out a tax form. We’re happy for you, but before you count your winnings, there are a few things you should know. ![]() Depending on the size of the jackpot, your life might change from this point forward. You’ve won the jackpot, and you’re about to walk out of the casino a winner. ![]() Suddenly, you realize what you’re looking at. You put money in the slot machine, pull the lever (or press the button, on most modern machines), and watch the symbols come up. ![]()
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