![]() ![]() It's a bummer because, in the moment, you lose the whatever percent, but at the end of the year, you can get it back (for smaller jackpots, anyways). That also has the benefit of giving you the most fun for your money.Īren't winnings offset-able by losses up to the amount of the declared winnings? If you have a club card (at least for M and for Harrah's but I don't know about other companies), you can get a gross losses statement. It's actually a major bummer to have to declare a big jackpot on your federal taxes and probably have to pay taxes on it. ![]() I don't know how much this matters to you, but with only 1 credit bet at $1 denomination, you can't hit a taxable jackpot-otherwise, you could. ![]()
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