Nevada gamblers let $22M in cashout tickets expire last year. Where did the money go?
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Nevada gamblers let $22 million in cashout tickets expire last year. The state collects 75 percent of expired wagering vouchers and the casino licensee keeps the rest. Clorissa Pierce of Farmington, New Mexico likes playing slot machines in Las Vegas. She doesn't like the fact that she has to pay for the vouchers when she redeems her money.
Nevada recorded an all-time record for slot wins at $9.8 billion last year. The state collected $7.2 million in expired wagering voucher fee payments in 2013. A change in the law that took effect in 2021 expanded the collection sources of expired vouchers to include all games that issue wagsering vouchers. Industry members suspect changing operations and visitor behavior during the pandemic contributed to an increase in vouchers circulating. Some casinos limited their coin operations after the coin shortage in 2020. For some, vouchers with low values are not worth the trip to the cage. For others, they are a waste of money.
