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Most machines carry discrete labeling that says “Malfunctions void all pays,” which protects the casino. The attendant will then verify your identification. You won’t get a penny unless you show a valid ID. But once you show your ID, you’ll get your hand filled with bills. If your win is $1,200 or more, you’ll need to fill out a federal income tax form. Yes, the IRS gets a cut. You have to pay federal tax on all of your winnings and the casino will issue you a W-2G form, an IRS document specifically designed for certain gambling winnings.
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