All money won on a cruise ship, even winnings that are less than $1,200 and do not require issuing a Form W-2G, must still be reported by the individual taxpayer using IRS Form 1040. This includes money won from table games such as blackjack, baccarat, roulette, craps and poker, as well as bingo and keno wins, race and sports betting and slot ... I won a slot machine jackpot on a cruise ship and was ... I won a slot machine jackpot on a cruise ship and was given a win/lose statement. How does that work? - Answered by a verified Tax Professional Everything You Need to Know About Cruise Ship Casinos
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That’s because making the casino inviting — and easy to get to — rakes in more cash for the cruise lines. But if you’re a casual gambler, then you might not realize there is something more that the cruise lines often do to make even more money. Cruise ship casinos offer some of the poorest payouts of any casino you’ll find.
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It seems that NCLhave machines that pay out more that 95% but you need to look for them: NCL is the only cruise line to have their slot machines certified to pay out more than 95%. The number of certified machines varies on each ship. Strictly Slots Magazine and Casino Publishing Group independently audited machines for certification.
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