Combine that with the continued lower threshold of handpays, and it can create some uncomfortable scenarios for gamblers who truly got lucky.įor higher rollers, it’s been a continual paperwork nightmare, although some casinos have launched Fast Pay, a way to consolidate handpays down to one paper per day per casino, although that can still mean a ton of paperwork for regular gamblers. Other laws changes, such as the increase of the standard deduction in 2018, can create challenges for players with occasional gambling and/or handpay scenarios to write off their gambling winnings. Bets have gone up, but the magic handpay number has not. inflation inevitably means that what $1,200 was worth in 1977 is not the same now.

While a few years ago, there was a failed effort to actually lower the handpay threshold, the latest effort, by gaming industry leaders to lobby the Trump administration to review the regulation, seeks to raise it. Did you know the handpay jackpot reporting threshold of $1,200 was set in 1977? If you did, you’d probably not find it surprising that a variety of attempts have been made over years to change that threshold to be higher.

Handpay slots