![]() Once again, it's not what you cash out of the machine. ![]() That would be a total coin-out of $95, since your total pays for those wagers is that amount. Let's say that in total you received $75 in line hits and a $20 bonus. Coin-in is not a count of how much currency you've inserted into the machine, but instead a cumulative total of wagers made.Ĭoin-out is its counterpart - it's a cumulative accounting of how much you've been paid back on those wagers. Let's say you pick a slot machine and bet $1 per spin and do 100 spins. So let’s start by going back to the definition of coin-in/coin-out previously posted on the site: Coin-in, simply speaking, is the total amount of bets made. This is a common confusion point for many players. I got a win/loss statement from a casino and they say money in 80,000+ and money out 70,000+. I am going to be writing off my losses (obviously more than my wins) but I don’t understand my win loss statement. ![]() Please explain this so I can explain it to my tax preparer. There is no way in the world I put in a million dollars during a year in to the slots. According to them I have over a million dollars in coin in. I’m trying to understand my win/loss statement from San Manuel in California. It states coins out + jackpot pay out – coins in = a loss in my case. I’ve received a couple of questions around win/loss reporting recently, and tax season is getting underway, so it seems like a good time to revisit these topics.
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