No, Sydney. A jackpot payout is not a loss- it;s a business expense. The casino would have to report a net loss to the IRS, which would get it red-flagged immediately since casinos are very profitable. Also, they couldn’t save enough taxes to make up for the money they gave away.
That’s the trouble with all the ideas people have mentioned. Yes, they could steal all the money back, but they would just (at very best) break close to even.
No, Sydney. A jackpot payout is not a loss- it;s a business expense. The casino would have to report a net loss to the IRS, which would get it red-flagged immediately since casinos are very profitable. Also, they couldn’t save enough taxes to make up for the money they gave away.
That’s the trouble with all the ideas people have mentioned. Yes, they could steal all the money back, but they would just (at very best) break close to even.