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Author Topic: Home printed tickets from TITO and taken to local casino, PROBLEM?  (Read 28839 times)

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Offline mark1120

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #20 on: August 10, 2014, 09:59:34 AM »
There is no ink. The image on the ticket is done thermally/heat. Specially coated paper to work with thermal printers.

Ahh....good to know.  Thanks for the info!  May have to give TITO a try after all.

Offline cyenergy

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #21 on: September 12, 2014, 07:18:28 PM »
Yea our paper turns totally black in 90 days new type of paper that can"t be redeemed.

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Offline LINDAM

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #22 on: September 13, 2014, 06:15:46 AM »
If you don't mind living in a very small room with very drab ,boring and hard furniture, and have your toilet 3 ft. from your bad. eating really crappy food, being Bubu's best friend. NOT getting to go to the Casino for a while. Hell........go for it.
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Offline jay

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #23 on: September 13, 2014, 07:11:52 AM »
A printed expiry date and a bit of programming on the back end would be equally.effective as fancy paper.

The problem with that sort of paper is that poor storage could get very costly.

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #24 on: September 17, 2014, 06:14:32 PM »
Why not change the words "cashout ticket" to "play money ticket" or "fantasy ticket"?
I have too many hobbies! Electronics, gunsmithing, Miatas, arcade games, metal detecting, etc...

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Offline cyenergy

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #25 on: November 20, 2014, 06:09:47 PM »
if the ticket is over 1199 you can use the redemption machine that is accumulated credit.
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Offline rokgpsman

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #26 on: November 20, 2014, 06:47:43 PM »
if the ticket is over 1199 you can use the redemption machine that is accumulated credit.


yes but you'll need to fill out the accompanying IRS form.  :rotfl:
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Offline rickhunter

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #27 on: November 20, 2014, 07:03:18 PM »
I'm pretty sure the only event that triggers a w2g is a slot win over 1199.  You could insert 13 $100 bills into a slot machine and then cash out the ticket, that shouldn't make you fill out a w2g.
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Offline rokgpsman

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #28 on: November 20, 2014, 07:05:13 PM »
I'm pretty sure the only event that triggers a w2g is a slot win over 1199.  You could insert 13 $100 bills into a slot machine and then cash out the ticket, that shouldn't make you fill out a w2g.
yeah, that sound right, I wasn't thinking something thru.
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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #29 on: November 20, 2014, 07:06:49 PM »
I'm pretty sure the only event that triggers a w2g is a slot win over 1199.  You could insert 13 $100 bills into a slot machine and then cash out the ticket, that shouldn't make you fill out a w2g.
Rick,  You are correct.  I have done it in the past.  Only winnings over 1199 triggers the w-2

Offline cyenergy

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #30 on: January 08, 2015, 09:17:36 PM »
No ink how is it printed on the ticket ?
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Offline Sunrise Side

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #31 on: January 08, 2015, 09:53:58 PM »
Thermal paper. Paper turns black when heat is applied.

Offline cyenergy

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #32 on: January 24, 2015, 03:41:38 PM »
Mine prints out money with my face on it.
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Offline qbert

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #33 on: January 24, 2015, 04:42:54 PM »
I'm pretty sure the only event that triggers a w2g is a slot win over 1199.  You could insert 13 $100 bills into a slot machine and then cash out the ticket, that shouldn't make you fill out a w2g.
Rick,  You are correct.  I have done it in the past.  Only winnings over 1199 triggers the w-2
The law in the States is any single win over $1199 triggers a w2 form. You could have many smaller wins in one machine that total $2500 hit the cash out and no w2 required.
I remember many slots in NJ that the top payout would be $1199 so the casino would not have to be bothered with the additional paperwork. But that was years ago.
Rich
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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #34 on: January 31, 2015, 09:12:59 PM »
hookers will take the fake ticket get a freebie
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Offline WizzardsSon

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #35 on: June 10, 2015, 07:06:11 PM »
It simply wont work , Its like trying to cash a lotto ticket that you photo copied ...
Armyof1

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #36 on: June 10, 2015, 07:33:54 PM »
Yes, I remember years ago when the Jack-Pots were not as high as they are now, like in the Eighty's & Nineties, the Top Award on a Dollar machine was $1199.
I don't know the limit now. I haven't seen anyone around here in the Mountain Casino's win any Jack-Pots for several years.
That's why I haven't (been up the hill) since January.
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Offline jay

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #37 on: June 10, 2015, 11:05:26 PM »
There technically is no limit. $1200 triggers a W2G so the top award was typically $1199 so they could avoid this.

What would you prefer $1199 or slightly less than $899.... ???

If the award was $1199 you get to keep it.
If its $1200 - The casino is required to hold a min of 25% taxable earnings and will issue a W2G and you will get slightly less than $899.00

On larger wins such as a progressive the government hold rises to 50% but I am unsure of the exact amount.

If I was to win - I am Canadian -  they hold 35%

In Canada we have a healthier philosophy around wins. Since we are betting with after tax money, our winnings are not taxable at all. Same for our lotterys.

Only the Casinos pay taxes on profits.... however part of their gaming license is that 50% of profit goes to charity.
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Offline LINDAM

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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #38 on: June 11, 2015, 04:05:07 AM »
In PA they ask if you want taxes taken out. If you play with a card, you can use your Win/Loss statement to offset the taxes.
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Re: Home printed tickets from TITO and taken to local casino, PROBLEM?
« Reply #39 on: June 11, 2015, 05:07:08 AM »
if you get a big hit you can take all gaming  money lost  to off set taxes even lottery tickets, race track ect ,  the old days before players card was much easier  to show lots of  $$$ lost by having change girls write in your book casino use to give you  $100 racks of dollars added up quick  and 1 r 2 $500 racks of $5 tokens helped  get change off one girl  go cash in on other side of casino , remember your tax money is helping those  people  stay home and watch oprah all day imo

 

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