Quote:
Originally Posted by MrClean54
When cashing out Sunday night, I was asked for my players card. They were apparently recording how much I was cashing out with. The cashier said they were required to do that now. Not a large amount, only a few hundred. Has this happened to anyone else? I'm wondering if they are just keeping track for their own purposes, or if it's for the tax man.
This seems strange to me. As for federal law, they're only required to record transactions over 3,000 and only report them if you go over 10,000 in a single gaming day. Some casinos have a lower threshold - I know Hollywood Indiana recently lowered theirs to 2,500. I've never heard of anyone being asked for ID for only a few hundred though. If that really is some new policy it seems really bad as it's going slow down the cage even more and be off putting to your average casual gambler. Whatever the reason, it can't be for tax purposes. When you cash out, they have no idea how much you bought in for nor how much you won or lost at the table.