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I was proud of how well he handled it and told him so at the time. Professionally, I advise you to take most or all the jackpot as a check. This is where I walked right into trouble. This includes financial crimes related to money laundering and corruption. Are you ready to win a big jackpot the next time you play a slot machine? You do have another choice to make, however. Luckily for me, the slot attendant arrived right about then to save me. I swore right while looking the floor manager in the eye. Finally, you get paid. Are you ready to win a thousand-dollar slot machine jackpot? It is what I remember whenever I tip my slot attendant after winning my own taxable jackpots. Ask questions. He kept walking, now with a frown. Should I stick to the plan I had had in mind? I know because some of you have won even bigger jackpots while playing slots. If you choose to accept a taxable jackpot, then you will receive a W-2G. I imagine you know what happened next. Be nice. What about the remainder? Should I just go on with my day? A slot attendant comes. There is another aspect to accepting a lot of cash you should probably be aware of. The CTR is a reporting requirement for U. Thank me later. I remember telling the floor manager how unreal and dreamlike it felt. Next up is the hand pay and more decisions. After you get the hand pay, will you stay or will you go? How he handled a big jackpot reminded me of what it was like. Are you sure? Basically, you need a plan in case you win a taxable jackpot. I always remember how upset this taxable jackpot winner was whenever I work with a slot attendant. I was just trying to be helpful. A really big jackpot! The danger of not keeping gambling records is having to pay income taxes when avoiding them, or getting a refund later, was entirely possible. I know some of you can indeed imagine it. They just nodded to themselves and started hitting the cash-out button. I even asked the slot attendant to pinch me. So, I wrote this article so you can do better than I did and perhaps as well as Richard if you won a large taxable jackpot. Under those circumstances, how much cash can you carry without it being in your hand or sticking out somewhere for anyone to notice? Get My Free Report Revealing…. But, there are some slight changes to this process when winning big jackpots. So far, this is my largest jackpot won playing slot machines. That was embarrassing. One time I was sitting two seats away from someone who looked like they had never been in a high limit slots room at a casino. One of my biggest issues with slot machine casino gambling has been the surprises, like winning an unexpectedly large jackpot. You can choose to walk away. Feel free to ask the casino for security to walk you to your car. You win a jackpot. The machine locks up. I looked down, saw the 2,credit hit, looked up at the floor manager looking at me, and swore. I remember the moment clearly. One final note about getting home. Slot attendants are great. To be ready, think it through in advance. For them, any gambling income from their annual visits to U. But, at that moment, I felt the need to do so. Anyway, they looked both nervous and like they wanted to go. Will you leave the casino or will you make a night of it? Either way, for a large jackpot where you ask for cash, you can expect banded stacks sometimes called bricks of hundred-dollar bills. Tip 2: This is your chance to meet a floor manager. Make friends, if you can. Once again, make sure you have a plan in case you win. That is if your plan includes requesting some or all your taxable jackpot in cash. As the floor manager and slot attendant walked away after the hand pay, they began walking by me. Get to know them. And, you have your I. Or, was my plan of gambling all day ruined? Treasury Department. I care that you have a plan. Someone else shows up to verify the jackpot. Apparently, as usual with income taxes, what to do is very individualized. But, I do appreciate the sentiment. Unlike me, try to remember where you parked your car. If you keep good gambling records, it usually works out well to choose to not pay federal taxes. I was checking to see if I could cycle my bankroll on this slot machine. Do you know that look? Can you imagine how I was feeling? {PARAGRAPH}{INSERTKEYS}Are you ready? Keep gambling records just in case you win a big jackpot. Sorry about that!