I didn’t put $10,000 into the machines – I didn’t have a budget of $10,000 for the trip, but I did make enough wagers for that to be plausible (and, working out to about a 90 percent payback, is also well within reason for overall slot paybacks as well). That does match up with my records, which indicates I spent $1,000 at their casinos gambling over the course of my trip.

I recently returned from a trip to Vegas, and they tracked $10,000 of coin-in on my play at one chain, and $9,000 of coin-out, meaning a total loss of about $1,000. The total win/loss, however, should match up with how much you spent, because in the end the total wagers and wins will still align with your total win/loss for that period of time at that casino. Similarly, coin-out is every single payout (perhaps minus jackpots, which will generally have its own column on the report) for that same window of time. It’s not tracking how much money you’re inserting into the machine. So when you’re seeing cumulative figures like $1 million or $80,000 of coin-in, it’s simply adding up every single wager tracked on your players card for that period of time. 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.

San manuel casino coin machine