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Player’s Club cards--magnetic-strip cards that when inserted into
the casinos’ slot machines electronically track the player’s wins
and losses. During 1996, Paula had several Player’s Club cards,
but she did not use them because she thought they were a “jinx”.
As far as the record reveals, Ronald also used no Player’s Club
card when he gambled at slot machines. Consequently, the only
Casinos Magic records of petitioners’ slot machine play are those
that relate to the casinos’ reporting, on Form W-2G, Certain
Gambling Winnings, of slot machine winnings over $1,200.4
In 1996, the Bay St. Louis Casino Magic issued 24 Forms W-2G
to Paula and one Form W-2G to Ronald, reporting aggregate slot
machine winnings in 1996 of $99,500 ($98,250 for Paula and $1,250
for Ronald) on total bets placed of $4,975–-reflecting a 20-to-1
payoff on each individual jackpot. In 1996, the Biloxi Casino
Magic issued 10 Forms W-2G to Paula and one Form W-2G to Ronald,
showing aggregate winnings of $39,400 ($37,800 for Paula and
$1,600 for Ronald).5
During 1996, petitioners also had these other gambling
winnings and losses:
4 Forms W-2G, Certain Gambling Winnings, are required to be
issued for table game winnings of $600 or more and for slot
machine winnings of $1,200 or more. Sec. 6041(a); sec. 7.6041-1,
Temporary Income Tax Regs., 42 Fed. Reg. 33286 (June 30, 1977).
5 The record does not indicate the amounts of bets placed
with respect to these Biloxi Casino Magic winnings.
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Last modified: May 25, 2011