For players, they can also be a helpful insight into how much they’re spending over time, so budgets can be made or adjusted. Why do these records matter? They can help reinforce gambling logs and other data to show a more complete gambling picture when you have taxable gambling wins you’re offsetting with gambling losses on your tax return. Some are mailed, some are available online through casinos’ online portals, and some (mostly at smaller or less tech-savvy casinos) require the filling out of a form to request the documentation, which will be sent out after it’s processed.ĭepending on what else is offered, there may be additional fields of data presented on the report, and some casinos go above and beyond this, which I’ll talk about shortly, but that’s the basic goal. This data is generally presented in a calendar year format on an annual basis. The way each casino handles this varies widely, but the general concept is the same – how much did you win or lose on slots, and how much did you win or lose on table games. However, one concrete way where this data becomes available to the player, in a helpful way, is the production of win/loss records. Most players use a players card whenever they’re on a casino property, and that players card compiles a lot of data that helps the casino’s marketing department develop offers to bring players back into a casino.
Casinos are known for providing ups and downs financially.
