Northern Express
What Really Happens When You Hit a Slot Machine Jackpot
After a slot machine win, you have to fill out a W-2G form and pay federal tax on all of your winnings. If the jackpot is more than $25,000, the casino will issue a check. Some casinos offer a free room and dinner for the winner. If you win more that $1 million, casinos will offer either a cash payout or an annual fixed sum. For some large progressive jackpots, it can take hours. You could have a wait days or weeks for your money. It's at the discretion of the guest. The Megabucks in Nevada is handled by game manufacturers.
