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If you want to win a big jackpot you should be using maximum number of coins. I have seen two players who won playing the slots but never received the jackpot because they did not play with the maximum coins. It should be crystal clear at the screen of the slots but it is a casino and you cannot do anything about it. How Much State & Federal Tax Is Withheld on Casino Winnings? If you are lucky enough to win when you go to the casino, you will not necessarily have to report the winnings on your tax returns. Jun 29, 2015  Another thing she told me was, you can contact the casino at the end of the year, and if you use one of their cards in the machines you are playing, they track your winnings and losses, so they can send you your stats showing exactly how much you've put into the machines over the past year. Apr 04, 2017  The good news is that if you’re a frequent gambler, you can deduct the money you spent while chasing that jackpot—provided, of course, that you kept records of both your wins and your losses. A casino worker will quickly home in on you. Expect a quick visit from one of the casino workers. Travel to Vegas and try to win big at the casino. But before you do, make sure you understand the tax laws that govern gambling winnings. A lucky few carry home a lot of money. If you win big.