Ever lose a slot machine ticket and wondered what happened to that money?
Turns out that Vegas gamblers left over $35 million over the past five years in tickets on the floor, in the wash, in travel bags, etc. Some of that money ends up belonging to the Nevada state government. And Nevada has done well over the five years since the law was enacted, averaging nearly $8 million annually in expired slot voucher collections in the past four years of complete reporting. In the fiscal 2016 year alone, there was almost $12 million worth of abandoned tickets. From that, the state received $8.78 million. The rest went back to the casinos. It’s sorta like those gift cards you’ll buy this week (last-second) for Christmas that will get lost or unused. It’s been a brilliant move for casinos and the business world. They know we’re morons and will forget or lose things of value.
Numbers from :
So far this #NFL season, players have lost $32,310,316 to fines & suspensions. https://t.co/SvXBNQuwQR…
— Robert Raiola, CPA (@SportsTaxMan) December 20, 2016
This Way Out®:
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