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tonyfsu21

Casino & W2-G Form

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Let me preface my question with the fact that I am a tax paying American citizen.

Question- If the ship is presumably in international waters when the casino is open and the ship is not registered in the United States then why do I have to pay tax on my casino winnings over $1199.99? I understand the fact that most cruises are closed loop so I end up back in the US eventually but why is a W2-G thrown at me while I’m at sea? I recently won some money and left my wallet w/ license in my stateroom. I had to go retrieve my license late night for this W2-G and in doing so I woke up my little kids. Wife not happy. 

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50 minutes ago, tonyfsu21 said:

Let me preface my question with the fact that I am a tax paying American citizen.

Question- If the ship is presumably in international waters when the casino is open and the ship is not registered in the United States then why do I have to pay tax on my casino winnings over $1199.99? I understand the fact that most cruises are closed loop so I end up back in the US eventually but why is a W2-G thrown at me while I’m at sea? I recently won some money and left my wallet w/ license in my stateroom. I had to go retrieve my license late night for this W2-G and in doing so I woke up my little kids. Wife not happy. 

Was this a slot winning? Every time I win money on Blackjack I Never have to fill out a tax form.. The only time I did was for a slot win.. 

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1 minute ago, AGSLC5 said:

Was this a slot winning? Every time I win money on Blackjack I Never have to fill out a tax form.. The only time I did was for a slot win.. 

Yes, sorry I should have been clear on that. This was a win on a slot machine 

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I believe  it has to do with the payout odds on the bet. Generally, slot jackpots are frequently  over 1000-1.  I have seen the same W2-g action on progressive  payout  hits on tables that exceed those odds. It may be lower, as low as 600-1

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1 hour ago, TJ! said:

too bad casinos defies math, science, logic, and perhaps physics.

This is true lol.. But in all seriousness I really do win sometimes.. I play blackjack which is part strategy and part luck... When both are on my side I have come out a winner and walked a way with a few thousand.. 

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10 hours ago, monctonguy said:

Wife should have been happy..you woke them up cause you won $!!!!....:8_laughing:

Trust me that no amount of money won in that casino would compensate for my two kids being up all night crying. Needless to say, I bring my wallet with me now! 

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1 hour ago, Cez said:

So you are the one splitting 10's when dealer shows 6 !! 🙂

NO!!! I NEVER do that. That Drives me CRAZY when anyone splits 10's.. I get up and leave the table when someone does that!! 

 

20 hours ago, YoungEmptyNesters said:

 

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I think I’m ahead money wise with casino Royale  but not by much. The perks of the club were decent at one time but I’m not impressed at all with the current program. The cruise certificates are useless because there are way too many stipulations for applying them. IMHO NCL and even the lowest tier budget line Carnival have better player programs for people that spend significantly in the casinos. RC needs to toss the “new” program and start over with something that’s more refined. 

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