More tends to work out really well for the casino.

Which brings us to the other reason Fastpay is ingenious. If you consider hand pays can often take 15 or more minutes to complete, that’s an additional 45 minutes playing time which otherwise would have been idle. Someday, “handpays” in Strip casinos could be a thing of the past.

Having one’s information in the casino’s system means when a taxable jackpot is hit, the player simply enters a PIN, the paperwork is done electronically, and the player can continue with nearly zero delay in play.ĭuring our visit, we saw a player hit at least three taxable jackpots (at one point, she had $30,000 in credits on the machine), and her play was virtually uninterrupted. The secret to Fastpay is players provide their personal information before they play. We are not polishing all that.Īlso as promised, Fastpay does reduce “legwork and paperwork, freeing up more time for play.” The system also “eliminates errors associated with manual completion of paperwork,” whatever those might actually be. For most players, waiting for a hand pay is exciting stuff, but for high limit players, they’d prefer to just play on. And the casino, of course, but we’ll get to that in a minute.Īs advertised, Fastpay allows jackpots to be processed with zero delay and without attendant assistance. And possibly the last loss-leader in Las Vegas.Ĭosmo makes good on its promise, as Fastpay provides a number of advantages to the player. Don’t get us started.įastpay is available at Cosmopolitan exclusively, so we figured we should find out more. The IRS has suggested $600 be the cut-off.

When the High Limit Slot Lounge opened, Cosmopolitan touted a new system for “processing jackpots right at the machine.” As most slot players know, winning a jackpot of more than $1,200 in a Las Vegas casino means filling out tax forms so The Man can get his cut of your hard-won windfall. Unfortunately, photos are not allowed in the Cosmopolitan’s High Limit Slot Lounge, so we cannot show you the photo you are currently viewing. The high limit area is spacious and welcoming, and the free cookies are spectacular. The Cosmopolitan Las Vegas recently opened a new High Limit Slot Lounge.

New high limit slot jackpots