Online casinos and slots are still a relatively new option, and so we get a lot of questions about them. Today let’s look at a couple of common questions we get from players.
Are online games regulated the same way casino slots are? Are the chances or payback percentages less or more? I feel uneasy trusting the online platforms.
Sarah H.
When it comes to the Online Casinos listed here, they are regulated state by state, just as commercial casinos are. That means the games have to meet testing requirements, follow similar (if not the same) rules and must be approved.
When it comes to paybacks, they are generally better than in person casinos. And we actually get more information from online slots, as they usually share the return to player (RTP) information right within a slot’s pay table. We’ve seen games up to above 96 percent – very healthy compared to the as low as 85% often found in physical casinos.
There are other online casinos that operate offshore, however, commonly dubbed Crypto Casinos as they encourage the use of crypto as an option to play. Those don’t follow the same regulations and players should be careful accordingly. All of the Online Casino options listed on Flip The Switch have been reviewed and approved by our team, meaning you can trust those options to be regulated and fair.
How do taxes work when you play online slots? Is it still considered a Jackpot at $1200 or does it change with online slots?
Kandace E.
When playing the legal Online Casino options listed on our site, it’s the same legal regulations as playing in a casino, so the reporting amount is identical. The same W2G tax document is generated, and you report them the exact same way at tax time.
If you have questions about online slots, we’re here to help! Submit your questions and we’ll answer them in future posts.
