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Usually, large amounts are paid by check. Gambling laws in Nevada Las Vegas gambling was legalized in How does it work? Louis down from No. By David McGrath Schwartz.Answer 1 of What is the amount of a slot machine jackpot do you have to actually pay taxes on the winnings? Nevada, United States $1, before cashing it out, you will not be visited by the casino staff and given the dreaded tax form. This included major contributions to Nevada's three largest sources of revenue: sales tax, property tax and gaming tax. Nevada hotel casinos account for nearly. Indiana and Pennsylvania both collected more in direct gambling taxes from casinos in than Nevada, according to the American Gaming.