Taxable payout?

[rascal]

You tip the attendent when they give you a jackpot pay. I tip $20 per thou up to $5K and then a flat $100 for anything over. When I won the $20K I tipped $200. But I know some people who tip $10 per thou.

[Mr. Aces]

I tip $100 on a dollar royal and $40-$60 on aces with a kicker in dollars ($2000).  

[drgw5401]

[QUOTE=rascal](b) the amont you would pay in tax and tip makes it even anyway.
Tip?
[/QUOTE]
 
Always tip the slot attendants that pay you the jackpots.  If it wasn't for them, you wouldn't be getting your money, now, would you???

[rascal]

Steve, what do you consider the correct tipping scale, in terms of $ per thousand won?

[drgw5401]

Steve, what do you consider the correct tipping scale, in terms of $ per thousand won?
 
$20 per thou is good, although I wouldn't stop at $5k flat rate.  Keep it going.  

[macman]

I think it depends on the market. I tip heavily in Vegas, some in
Tunica, less in Biloxi, none in St Louis. Played in AC but no jackpots.

[stephmo]

Actually if you are in a tax bracket where you  lose itemized deductions, you cannot deduct losses against wins. It is a lousy system, but your wins in excess of $1200 are taxable, and your losses are not deductible if your income is large enough to lose the itemized deduction.

[knagl]

My income is hardly large enough, but I wound up paying taxes on a video poker win despite having enough losses that would have otherwise offset the win.  In my tax situation, I was better off taking the standard deduction than itemizing (even with my losses to offset that win), so I took the larger standard deduction but did have to pay taxes on my win.