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LVRJ: Uncashed payout tickets could bring millions to the state

#1

LVRJ: Uncashed payout tickets could bring millions to the state

http://www.lvrj.com/news/uncashed-payout-tickets-could-bring-millions-to-the-state-118488179.html

or

http://tinyurl.com/4kdsf48

<a href="http://tinyurl.com/4kdsf48">
http://tinyurl.com/4kdsf48</a>

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#2

I do not think there should be an expiration date on the payout tickets. I have presented a few that were "expired" but they were honored anyway.

I also do not think the state should be entitled to the money from expired tickets or unused gift cards from retailers.

Rather after a reasonable time period, say 5 years, the retailer or casino can then book the unused ticket as income and then pay tax on it, but still honor it if it should be presented at a later date.

Sure it is a sleazy way for casinos to make a few extra dollars, but the convience of ticket-in, ticket-out is worth it to the customers.

#3

Although I disagree, since the state already claims unused gift cards from retailers, then logically they should be allowed to claim uncashed payout slips as well.