Lower Activation for Jackpots Seen as Costly by Casino Leaders

casino-interior-75x75The Internal Revenue Service has recently proposed a change to lower the reporting rules for casino player winnings. They suggested lowering the trigger on jackpots from $1,200 to $600 on games such as slots, table games and keno. However, the suggestion was highly criticized by US casino gaming industry leaders as unnecessary. According to a gaming analyst from Wall Street, casinos could lose about $530,000 per year if this change indeed takes place. Moreover, casinos would face additional costs to hire more people to make service calls to reset the games after a jackpot is hit.

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