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Slot Video Game Transactions

The calculation of gross gaming revenue for slot and video games is much like that for table games.

The process begins with the player. Coins or tokens are inserted into the coin slot and fall into the hopper. Ass the coin or token falls it triggers an electronic sensor that validates it as genuine and registers one coin-in

Modern-day slot devices also include currency acceptors that place credits on a slot device for play. Although the currency inserted in these acceptors does not fall into the hopper, it does not register an appropriate amount of coin-ins for statistical purposes.

When a low-level jackpot is won by the player, it is paid by the slot device itself. The coins held in the hopper are used to make these small payouts. If the hopper does not have enough coins or tokens to complete the payout, a machine fill becomes necessary.

At least one slot supervisor and another slot employee complete a jackpot/fill slip and obtain a fill bag or bucket from a slot change booth.

The amount of coins/tokens used to make a machine fill are predetermined by management and are counted and prepared by a slot booth personnel.

Upon replenishment of the hopper, the slot device is permitted to complete the payout. For jackpots that exceed specified amounts, the slot device will 'lock up' and require that a hand paid jackpot be made.

According to Internal Revenue Service code, all slot device jackpots that exceed $1,200 require that a form W2-G be completed and filed. Because a special IRS document is required, it is logical to assume that all jackpots that exceed $1,200 require the completion of a jackpot/fill slip.

In an attempt to gain more control over slot operations, most casinos place the jackpot/fill slip requirement at a level well below the $1,200 amount; many will place it at a $1,000 level.

Coins or tokens that fall into a hopper that has reached its predetermined level are automatically diverted into the drop bucket located in the slot cabinet below the slot device.

At a time designated by management, the revenue accounting process for slot devices begins with the slot drop. The drop process begins with a security officer and the slot drop team leader obtaining the slot cabinet keys from the casino cashier's cage.

The slot drop team consists of employees from the hard count/coin room, security, and accounting.

The hard count employees are responsible for pulling the slot drop, security officers watch the drop buckets as they are loaded on to a hydraulic cart, and the accounting employee is an observer.

As drop buckets are pulled from the slot cabinets, a tag with each respective slot machine number is placed on top of the coins/tokens. This will be used to identify where that bucket came from when the weigh process begins.

Once the hydraulic cart is filled with the buckets, the entire drop team transports the buckets to the hard count room.

If the drop is not yet completed, the buckets are securely locked in the hard count room. Upon completion of the drop, the slot cabinet keys are returned to the casino cashier's cage.