There are a few common ways for this to be handled. The most common way is
for a floorperson to be "assigned" to the high roller while he/she is playing.
Whenever a taxable jackpot is hit, the machine locks up. The floorperson
notes the amount of the jackpot on a clipboard, and immediately resets the
machine so that play can continue with minimal downtime. At the end of play, the
amounts on the clipboard are added up and one big W2-G is issued for the total
of all the jackpots. Usually, hand pays are not required--the machine is set
to just add the jackpot amounts to the credits, same as for any nonjackpot
hand. If this is not an option, the HR can still continue playing while the
money is fetched for a hand pay.
I have also seen machines that can be put into "supersession" mode. When in
this mode, the machine doesn't lock up at all, so the assigned floorperson
must be alert to catch and record taxable jackpots. The $25 3/5-plays at the
Venetian have this option available. As the HR plays on these machines, the
floorperson looks for hands in which 48 or more total credits are won, translates
that to dollars, and records the amount on the clipboard. As above, one
humongous W2-G is issued at the end of play.
Brian
ยทยทยท
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In a message dated 2/21/2005 3:41:35 PM Pacific Standard Time,
out2222lunch@yahoo.com writes:
How are payouts over $1200 (the W-2G trigger) handled for high
rollers?
If a high roller plays 5 coins on a $100 9/6 JoB machine, would play
be suspended to issue a W-2G everytime they hit trips or better?
Seems like that would be a nuisance. Or do casinos make other
arrangements to issue W-2G based on a session result instead of a
hand result for these players?
Since I am not a high roller (nowhere near it, never will be) I am
curious to know the answer. Thanks.
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