Casino Jackpots now taxable on some RC ships

Quantum class ships and other select ships will now be giving out W2-G tax statements for hand pays so Casino wins be taxable for US citizens. Casino Royale will be issuing win/loss statements upon request at the end of the year.:(

How will this affect those who are not resident in the US?

:confused:

Don't all ships sailing out of the US do this?

I've received a number of W2-G's from Carnival over the past few years.

Only 2 cruises on RC and have yet to get a payout so can't compare.

:confused:

Don't all ships sailing out of the US do this?

I've received a number of W2-G's from Carnival over the past few years.

Only 2 cruises on RC and have yet to get a payout so can't compare.

Yes, if you win enough you'll always get one

Casino winnings have always been taxable to US citizens, regardless if you receive a W-2G. the losses are only deductible when claimed on the Schedule A. You have to report gross winnings on the front of the 1040 - you cannot net them against any losses.

I'm not sure how it works exactly with non-US citizens.

I received a hand pay on Freedom and once they knew I was British they just took the statement away. The UK does not tax winnings.

:confused:

Don't all ships sailing out of the US do this?

I've received a number of W2-G's from Carnival over the past few years.

Only 2 cruises on RC and have yet to get a payout so can't compare.

I have received many hand pays over the years from RC and never gotten a W2-G from them.

I have received many hand pays over the years from RC and never gotten a W2-G from them.

Royal issuing the W2-G is a relatively new policy.

There's a sign in the casino on Oasis now stating the policy.

Royal issuing the W2-G is a relatively new policy.

ok... so the policy (which is new) is as follows

if you win 300x your bet you will have to fill out the form. So essentially it only applies to slots because no other game has those odds. Furthermore if you dont have your ID you will have to go to your room and get it before they give you the payout.

ok... so the policy (which is new) is as follows

 

if you win 300x your bet you will have to fill out the form. So essentially it only applies to slots because no other game has those odds. Furthermore if you dont have your ID you will have to go to your room and get it before they give you the payout.

Is there a winning amount before issuing a tax statement. In US casinos, slot pay of $1,200 require hand pay therefore triggering tax statement. I'm not sure how they would track table winnings. Never understood the different tax treatment between them. I know, someone will post that you should report any winning, but let's get real.

On my allure cruise in july, won 1300 on a slot and asked about the taxes, they said they dont give w-2 with the reason of "international waters" so things must have changed recently. When it comes to table games, in the US, when someone wins 10,000$ or more(in a casino's business day of 24 hours which starts at a somewhat secret time in order to prevent people to know when to cut it off) there is a paperwork processed on them. Also, any transaction above 10,000$ will force the casino to do a special report to the irs, this includes buying chips in the casino. It is also important to know, the casino can also run this report to the irs on any amount if they have any suspicions. But like it is mentioned, it is on the honor system mostly, and casino's SOP will vary when they issue a w-2 on table games winnings. my father is a table games manager, and the topic intrigues me. I may have missed something but i think that is about right for a us land based casino

Is there a winning amount before issuing a tax statement. In US casinos, slot pay of $1,200 require hand pay therefore triggering tax statement. I'm not sure how they would track table winnings. Never understood the different tax treatment between them. I know, someone will post that you should report any winning, but let's get real.

The sign posted stated $1,200.00 on the slots. I didn't read the rest of it.

I have had many a hand pay over the years without one.

I questioned it since we were in international waters.

They actually apologized for having to give it to me. They said that were instructed about 2 weeks prior to that of the new policy.

Apparently same as if in the U.S. The jackpot was for $1200.00

Quantum class ships and other select ships will now be giving out W2-G tax statements for hand pays so Casino wins be taxable for US citizens. Casino Royale will be issuing win/loss statements upon request at the end of the year.:(

So what you're saying is that up until now you've been a tax cheat by not reporting this income and you're sad now because you will no longer be able to lie about your gambling winnings.

I wish that I had gotten a payout that required being paid by hand EVER.

:eek: :cool:

So what you're saying is that up until now you've been a tax cheat by not reporting this income and you're sad now because you will no longer be able to lie about your gambling winnings.

Whatever:rolleyes:

So what you're saying is that up until now you've been a tax cheat by not reporting this income and you're sad now because you will no longer be able to lie about your gambling winnings.

Really, is that what I said. I thought I only stated information for all about a new policy that RC was implementing and their rationale for doing so. I also stated that I had never received a W-2G for a hand pay.

I must have missed the post in which I stated I had never reported my winnings and have lied in the pat.

You, sir, are in desperate need of a lesson in reading comprehension.

On a related note, RCI are also sharing guest account information with customs at disembarkation ports.

These show all purchases made onboard and would include any cash advances made at the Casino, it would seem. They are sent electronically.

The first I was made aware about this was on the Oasis TA sailing arriving at Port Everglades last October.

Why would cash advances made in the casino matter to customs? I would not think that you would have to report that since it was my money and I lost it in the casino.

Why would cash advances made in the casino matter to customs? I would not think that you would have to report that since it was my money and I lost it in the casino.

I think you have to declare anything over $10K cash to customs. Movement of money is one indicator of something nefarious going on.:cool:;)

I assume RCI is just following IRS rules:

Report gambling winnings on Form W-2G if:

The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine,

The winnings (reduced by the wager) are $1,500 or more from a keno game,

The winnings (reduced by the wager or buy-in) are more than $5,000 from a poker tournament,

The winnings (except winnings from bingo, slot machines, keno, and poker tournaments) reduced, at the option of the payer, by the wager are:

$600 or more, and

At least 300 times the amount of the wager, or

The winnings are subject to federal income tax withholding (either regular gambling withholding or backup withholding).

Haha...I would gladly pay tax if I could win that much. If I break even I consider that good luck.

On a related note, RCI are also sharing guest account information with customs at disembarkation ports.

 

These show all purchases made onboard ...

I have read that people who buy expensive items in the shops on the ship are getting caught by customs if they don't declare the items on their customs forms.

Last time I bought a watch that was 2800.00

I declared it. It was fun.

1. they thanked me for being honest

2. they took me into a back room and while they were assessing my fee I got to watch them raid other peoples bag. Very entertaining..

In the end it took about an extra 30 minutes and appx 60.00 in taxes

no big deal