The Bill (AB219) allows the state to collect 75% of any unredeemed slot machine wagering vouchers that go unclaimed past a printed expiration or up to six months.
The bill initially fell short of the required two-thirds majority vote, but after a recess called by Senate Majority Leader Steven Horsford, D-North Las Vegas, the Senate resumed the session and voted 14-7 in favor of the bill. The measure now goes to Gov. Brian Sandoval for his signature. The new law takes effect on July 1st.
During committee hearings, casino representatives said most unclaimed slot machine vouchers average $5. But over time, and and across all Nevada casinos, the sum can reach millions of dollars every year. According to industry observers, Nevada casinos collected $11 million in unclaimed slot winnings during a 12-month span. Currently all Nevada casinos do pay revenue tax on the unredeemed winnings they keep.