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Casino High Limit Slots Hand Big Pays

4/4/2022
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Casino High Limit Slots Hand Big Pays 5,9/10 5702 votes

The average payout on slot machine varies among slots but you are going to find a higher return-to-player percentage in the recommended online casinos as compared to the traditional slot machines. Blood Suckers slot and 1429 Uncharted Seas slot have a very high RTP of over 98%. In that sense, high limit games pay much more than regular games, with their paytable often starting with hundreds of dollars (or some other currency the casino operates with). These machines resemble (but aren't literally) jackpot machines, as they can pay nearly as much as those.

Whilst many people decide which slot to play based on the theme, special features or promotional offers, the savvy gamblers steer towards slots with the highest RTP. The house edge of online slot machines can vary widely, and it stands to reason that the lower the house edge, the better your chances of winning.

Top RTP SlotsRTPBet LimitsFree SpinsPaylinesRowsReels
Jack Hammer 297.10%£0.50 – £25010-2099315
Simsalabim97.50%£0.25 – £125Yes2535
Retro Reels Extreme Heat97.50%£0.30 – £112.50Up to 203035
Devil’s Delight97.60%£0.20 – £40Yes2035
Kings of Chicago97.80%£0.05 – £50Up to 30535
Starmania97.87%£0.10 – £20101035
Blood Suckers98.00%£0.25 – £50102535
1429 Uncharted Seas98.60%£0.10 – £100255035
Jackpot 600095.10 – 98.90%£1 – £2No533
Mega Joker99%£1 – £5No533

Of course, you should keep in mind that only the best slot sites to win offer high payout games from which you can take advantage. The return to player percentage of a game is measured over thousands of game rounds, and it stands to reason that the higher the RTP, the better the deal for the player. With this in mind, I have decided to create a list of the 10 online slots with the highest RTP.

#10 Jack Hammer 2 (NetEnt) – 97.1% RTP

Jack Hammer 2 is the first of many NetEnt slots to make this top 10 list. This entertaining slot has a crime and adventure theme, captured in a comic book style. There are an impressive 99 bet lines in this game, providing plenty of opportunities to win. It also boasts a variety of interesting features that make the game exciting to play, whilst creating chances to win. The Sticky Win feature sees any winning symbol combinations held in place for a free re-spin, and they continue until no new wins are created. There is also a free spin feature, where you get up to 20 free plays, where all wins are doubled and extra wilds randomly land on the reels. Jack Hammer 2 has a player-friendly RTP of 97.1%

#9 Simsalabim (NetEnt) – 97.5% RTP

This magical themed slot recreates all the excitement of a magic show. The stage is set, with symbols such as a magician’s wand and top hat, a caged dove and a Houdini-style chained chest. The hypnotist is wild, helping to complete winning symbol combinations. When you play Simsalabim, keep your eyes peeled for 3 bunny rabbit symbols on the first 3 reels. These trigger the bonus game, where you pull rabbits from the hats to reveal cash prizes of up to 50500 coins. The slot also features a free spins round, which provides the potential for big wins thanks to the triple payouts. All these features combine to provide a great RTP of 97.5%.

#8 Retro Reels Extreme Heat (Microgaming) – 97.5% RTP

The RTP of 97.5% is one of the highest you will find in the Microgaming slots selection.Retro Reels Extreme Heat has an old-school feel, with symbols you’d expect to see on a classic fruit machine, including cherries, lemons, bells, bars and 7’s. At the same time as providing a retro feel, it includes many features which you’d expect from a modern video slot. There is a free spin bonus, where you can get up to 20 free plays with all wins doubled. There are also wild substitutions and scatter pays. A highlight is the innovative re-spin feature. After any spin, you can choose to spin just one reel, which allows increased chances of winning.

#7 Devil’s Delight (NetEnt) – 97.6% RTP

Unleash your inner devil in this NetEnt video slot. Set against a fiery backdrop and tombstones, the 5 reels are filled with symbols from the underworld.Devil’s Delight is packed full of exciting features that provide plenty of chances to stack up the wins. The devil wild expands to cover entire reels. Whilst the free spins bonus features win multipliers of up to x5. Yet the real highlight of the game is the unique Soul Reaper bonus game. Match the correct sin to each character their soul will be added to the Soul-O-Meter whilst you reap a coin prize. When the Soul-O-Meter is filled with 15 souls, the Sin Spins feature is activated. Here, you get 10 Sin Spins where you can pocket some juicy rewards. With so many cool features and a high RTP of 97.6%, this is one hell of a slot!

#6 Kings of Chicago (NetEnt) – 97.8% RTP

Kings of Chicago mixes the best elements of a video slot with classic poker. The game is played with a deck of cards, which is shuffled before each round. Unlike normal slot machines, where payouts are made for matching symbols across paylines, in this slot, you win if you have a poker hand on one of the five paylines. The game includes a joker, which substitutes for all cards. Plus, the scatter label can randomly appear on any card. Get 3 or more and free deals, the equivalent of free spins are triggered. You can bag up to 30 free deals in the special feature and all wins are doubled. This innovative slot machine provides a unique twist on what you expect from a video slot, and boasts an impressive RTP of 97.8%.

#5 Starmania (NextGen) – 97.87% RTP

With colourful star symbols set against a pretty outer space background and a spacey, ethereal soundtrack, this NextGen slot is a real treat for the senses. Wilds are stacked onto the reels boosting your shot at winning combinations. There is also a free games feature, where extra stacked wilds can help create some big wins. The game features 10 paylines and wins are paid in both directions. With every line win, you also have the option to gamble your prize, for a chance to double or even quadruple your win multiple times. The great graphics, exciting features and favourable RTP of 97.87% make Starmania a real hit with players.

#4 Blood Suckers (NetEnt) – 98% RTP

The vampire genre has never been more popular, and it is the inspiration for this spooky NetEnt slot. You’ll see various Blood Suckers adorning the reels, along with the weapons to fight them off. It is not merely the impressive 98% RTP that draws players to this slot, but also the rich selection of special features. There are wild substitutions, scatter pays, free spins with triple payouts and a vampire slaying bonus game. Trigger the bonus and you will find yourself in an ancient burial chamber, filled with coffins. Open the coffins to slay vampires, earning coin wins with each creature you defeat.

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#3 1429 Uncharted Seas (Thunderkick) – 98.6% RTP

This video slot from Thunderkick is visually stunning. The reels are replaced with a medieval style hand-drawn map and the symbols include a variety of sea creatures and beasts as well as sun, moon and star symbols. The slot includes a wild symbol which expands to cover entire reels, helping to create bigger wins. There is also a free spins bonus where you can earn up to 50 free goes. 1429 Unchartered Seas has a rewarding RTP of 98.6%, one of the highest you will find in a video slot, making it a popular choice with players.

#2 Jackpot 6000 (NetEnt) – Up to 98.8% RTP

Jackpot 6000 is a thrilling classic slot machine from NetEnt with a real old-school vibe. You can play with up to 5 paylines active, betting between 1 and 10 coins per spin. It is highly recommended to play with the maximum bet of 10 coins however, as this creates the possibility of triggering Supermeter mode. In this game mode, you can win a mystery prize of between 10 – 6000 coins when just 2 joker symbols land anywhere on the reels. Also, getting 3 jokers on a payline in Supermeter mode guarantees a jackpot payout of 6000 coins. When you play Jackpot 6000 with 1 – 8 coins, the RTP is a paltry 74.9% – 79.2%. Yet with 10 coins in play, the RTP ranges from 95.1% – 98.8%. The variance is because Supermeter mode is skill based, so you can directly impact the outcome.

#1 Mega Joker (NetEnt) – Up to 99% RTP

Whilst Jackpot 6000 boasts an extremely high RTP, it is just beaten to the top spot by another NetEnt classic slot; Mega Joker. Bet with just 1 coin and the RTP is an underwhelming 76.9%. Yet on the other hand, a max bet of 10 coins elevates the RTP to between 89.1% – 99%. Furthermore, it provides bigger payouts and the Supermeter mode. In Supermeter mode, you need to choose the bet level and the optimum level at which to collect your winnings. It is this element of skill which can increase the RTP. The skill component, retro style and engaging gameplay make Mega Joker a firm favourite with players.

Frequently Asked Questions

Because our goal is to keep you well informed we have put together a list of the most frequently asked questions and our team of experts has provided the answers below.

🏆 What are the best paying slots?

The best paying slots are the ones that feature a high RTP because that translates to a small house edge such as NetEnt’s Jack Hammer 2 slot or Simsalabim, with a return to player percentage of over 97%.

✍ How do I choose a good slot machine?

In choosing a good slot machine a player should look for high payouts, volatility and the features of the game itself. For example, you are bound to have a higher return on your investment while playing a slot with free spins and multipliers.

💱 What is the average payout on slot machines?

The average payout on slot machine varies among slots but you are going to find a higher return-to-player percentage in the recommended online casinos as compared to the traditional slot machines. Blood Suckers slot and 1429 Uncharted Seas slot have a very high RTP of over 98%.

🎰 What is a high variance slot machine?

High variance slots are destined for gamblers who are willing to play for huge wins.Kings of Chicago is a great example in that direction because it features not only a high RTP but also a high variance, which makes it ideal for our example. Flexible betting limits, free spins and a unique twist on slots as we know them are just a few perks of enjoying this title.

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Jan 30 '18 at 17:09

Casino High Limit Slot Winners

Tax Advice for Casino Players: W2-G Handpay Jackpots, Filing as a 'Pro' and More

The feeling of stress and anxiety that comes when filing taxes can be overwhelming for anyone, but especially for casino players that hit slot jackpots or enjoy other high stakes gaming.

Everyone has a different opinion about how to file, and there are very few resources available that give gamblers peace of mind. That’s why I recently sat down with Ray Kondler of Kondler & Associates. Ray is a Certified Public Accountant based in Atlantic City and Las Vegas.

He’s also one of the top national experts on gambling taxes.

While Ray works closely with the World Series of Poker, he also serves slot and table players in all 50 states. In our fascinating conversation, Ray gave us the insider’s look at gambling taxes, keys for minimizing the chances of an audit, and tips for paying as little as possible… while staying within the bounds of the law, of course!

Here are the highlights from our great conversation. (You can also watch or listen to the full episode below.)


The First Thing Gamblers Should Know About Taxes

One of the most common questions new gamblers ask is, “When do I have to report my winnings?” The answer actually varies depending on what you play.
Casinos will issue W-2Gs for winnings greater than $1,200 from a slot machine or $5,000 from poker. The moment you hit the jackpot, a casino staff member will bring the W-2G to you at the machine to get a signature (although new technology is emerging in high limit slot areas that lets players electronically sign the W-2G so they can get back to playing right away). The casino sends a copy of all W-2Gs to the IRS.
(Table game players don't face the same level of scrutiny. Casinos don't issue W-2Gs for table games like craps and blackjack.)
Did you know that the IRS matches up the W-2Gs the casino sends with your tax return?
This is extremely important! If you fail to file those winnings on your tax return, in most cases, the IRS will send a notice asking you to amend your return.
Want to protect yourself from an audit? Download our FREE Casino Player's Logbook to start keeping better records of your gambling activity.

As Ray points out, this practice isn’t limited to land-based casinos. Cruise lines also issue W-2Gs, and US Citizens are required to pay tax on gambling income earned worldwide — not just in the US.
The bottom line is, if you receive a W-2G, don’t ignore it. The IRS sure won't...
Once gamblers know which winnings to report, the next question is usually, “How do I minimize my tax bill?”


Filing as a Professional Gambler

Hand
When Ray sits down with a client, one of the first decisions they make is whether the player should register as a professional gambler.
Most slot players wouldn't even think of filing as a professional. (To be honest, I didn't even know that was an option before speaking with Ray). For slot players, especially retirees or those with limited other income, filing as a professional gambler comes with a unique set of advantages.
In most states, a normal casino player (aka amateur gambler) can only write off casino losses up to their total winnings. So, for example, if you have $100,000 in W-2G winnings, but lost $150,000 during the year, you can only write off $100,000 of losses when filing taes.
***Note: some states (Connecticut, Illinois, Indiana, Massachusetts, Michigan, West Virginia, and Wisconsin) do not allow amateur gamblers to deduct gambling losses from their winnings. The only way around this is to file as a professional and deduct losses as an “expense of doing business” on a Schedule C.
On the other hand, a professional gambler can deduct other expenses associated with their casino play (it's a JOB after all - ha!). If they have $100,000 in W-2Gs, they can write off $100,000 in losses AND subscriptions to gambling resources, travel and meal expenses, home office expenses, and legal/professional fees. Professionals can then actually show a net loss on their Schedule C (Self-Employment) tax return and deduct it against their other income (like taxable Social Security income).
So who can qualify as a professional?
It turns out, qualifying as a pro isn’t based on winnings. It’s actually based on how much time someone spends gambling. Someone who plays slots five or six hours per day and has no other job could most likely file as a professional. This is especially useful for gambling retirees!
When advising retired clients, Ray recommends filing as a professional as soon as their Social Security income is taxable (over $40,000). This allows any below-the-line gambling losses to reduce taxable income.
Filing as a professional makes sense for many casino players, but there also are a few downsides to be aware of.
First, filing as a professional increases your chances of being audited.
Another downside is if you file as a professional and win a significant amount, you’ll have to pay Social Security tax.
Depending on the amount of Social Security tax, it may be smarter to file as an amateur. This is something Ray and his team help their clients figure out. They’ll complete the tax returns both as a professional and as an amateur. Then they will see which filing status makes the most sense for the client for that particular year.
It’s also worth noting that filing as either a professional or amateur one year doesn’t lock you in to that status for following years. For example, let’s say you filed 2016 tax return as an amateur gambler. In 2017, you gambled the same amount of time, but due to an increase in winnings, it makes more sense to file as a professional. This is allowed by the IRS. You can decide which filing status is right for you on a year to year basis.


How to Protect Yourself From a Tax Audit

While casual and moderate gamblers have a relatively low chance of being audited, the prospect of being audited is stressful for anyone. Ray says the most important thing you can do to protect yourself is to keep good records.
It might be a pain in the neck, but everyone should keep clear, detailed records — especially if you’re filing as a professional.
Ray recommends using a dedicated credit/debit card to charge all gambling-related expenses. Then keep track of all gambling activity with a logbook.
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Want to protect yourself from an audit? Download our FREE Casino Player's Logbook to start keeping better records of your gambling activity.

Most of Ray’s clients log their activity in a spreadsheet at the end of the week, but he has many clients that keep daily records. While there are several logging apps available to gamblers, they tend to be clunky or difficult to use. Some clients use old-fashioned pencil and paper, but Ray recommends keeping a spreadsheet.
The team at Kondler & Associates have even created several logbook spreadsheet templates they send to their clients to simplify the process.
Some gamblers think of keeping logbooks as an unnecessary step. Instead, they simply rely on the win-loss statements casinos send out to their loyalty club members. This can be effective, but any gambling done at other casinos (where they don’t have a loyalty card), isn’t reflected in those statements.
By keeping a logbook, you can ensure your losses at any casino (even those where you aren’t a loyalty member) are accounted for in your taxes. This lowers your tax bill and protects you
Ray also points out that even if you failed to keep a good logbook in the past, you can go back and recreate it. In the event of an audit, the IRS can request ATM receipts to prove your records are accurate. But if you claim to have gambled with cash from a safe deposit box, no one can prove otherwise.

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Another thing to consider for slot players is how to handle the tax liability from a 'group pull'jackpot (for those that don't know, this is where a group pools money and hits the high limit slots in search of JACKPOTS). Let's say you and four other players decide to throw equal money into a pot and hit the high-limit slot rooms. If the group hits the jackpot, only ONE person will sign the W-2G, meaning that person accepts all of the tax liability (even though they only took 20% of the winnings!).
The way to avoid getting stuck footing the entire tax bill is to document the payouts with 1099s. If you win a big jackpot in a group pull, make sure to gather the other players’ full names, addresses, and Social Security numbers before handing out the money. Then issue a 1099 to each player for their share of the winnings.
If you do the extra step of issuing 1099s to the people in the winning group pull, then when you file your taxes, you can feel comfortable only claiming your 20% take of the jackpot on your tax return because you'll have a nice paper trail to show the IRS if they come sniffing around.


Comps and the IRS

When casinos issue comps, gamblers can potentially receive incentives worth thousands upon thousands of dollars. So, how does the IRS tax these comps?
The short answer is they don’t tax comps.
In over 30 years of working as a CPA, Ray has never seen a 1099 issued for comps. This would be a record-keeping nightmare for casinos if they had to document every meal or lodging comp for tax purposes.
He has seen 1099s issued for prizes though. For example, if there’s a drawing and you win $2000, you’ll receive a 1099 for “other income”. This is also true for prize winnings like free cars or other expensive merchandise. While it’s different from a W-2G, it’s still required to report on your taxes, but these are extraordinary circumstances.
Regarding normal comps, there’s no need to report them as income.

Professional Help for Gambling Taxes

Whether you’re a slot player, table gamer, or poker player, there’s a good chance you’d rather spend your time playing than worrying about taxes.

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There are a lot of extremely talented CPAs all around the country, but many don't have a clue how to minimize tax winnings because they rarely see it. Ray's team works on minimizing tax exposure from gambling winnings all day every day
So, if you have any questions about gambling taxes, feel free to reach out to Kondler & Associates HERE. They never charge for calls or emails, and they’re extremely quick to reply. They’re an incredibly valuable resource, so don’t hesitate to reach out. For more on Ray and his firm Kondler & Associates, visit KondlerCPA.com.
Want to protect yourself from an audit? Download our FREE Casino Player's Logbook to start keeping better records of your gambling activity.

2 Comments
FEB 3 '18
I'd like to add a little color to this article by pointing out a few changes that will go into effect for the 2018 tax year as a result of the new tax bill. Professional gamblers used to be able to deduct expenses as well as offset winnings with losses. The new way, their deduction is capped at the amount of winnings. More significantly, for mid-rollers like myself (I do $4,000 - $5,000 a day coin on slots over about 28 days a year in Vegas; some years I have no handpays and some years I have a few) - while it is true that winnings can still be offset with losses if you itemize, because of the increase in the standard deduction as well as the elimination of the personal exemption(s) and capping of property/state tax deduction at $10,000, the threshold for itemizing has basically been doubled. Whereas in the past, I have always been able to totally offset W-2G winnings with losses, with the new law and my current level of still allowed itemizable deductions (mortgage interest and property/state income tax) I would now have to have at least $12,000 in W-2Gs to be able to itemize, and even then, I would still end up paying Fed taxes on that first $12,000. Finally, with respect to group pulls - I've organized several and I have always been lucky to have a UK resident participating who is not subject to taxes OR withholding. Under the new tax law, I will not do one unless that condition is present. I'm not saying you shouldn't do one, they're a lot of fun, but if you do, make sure you consider the tax implications and discuss how you are going to handle a handpay with the participants ahead of the event. Hitting a big win and then determining that 12% or 22% or more is going to have to come off the top is not going to be a welcome surprise to the group.
FEB 6 '18
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