Friday, July 10, 2020

Chinook Winds slot machine player wins $1.5 million jackpot

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Chinook Winds Winner

An unidentified woman won a slot machine jackpot of more than $1.5 million early Saturday morning at Chinook Winds Casino Resort.

A photo shared with Lincoln City Homepage confirms a progressive slot machine jackpot win of $1,585,455.05 shortly after midnight at the casino, 1777 NW 44th St. in Lincoln City.

According to an eyewitness who wished to remain anonymous, a woman wagered the maximum $3 bet on a Monopoly slot machine and was immediately whisked away by security.

“Somebody’s life just got changed,” the bystander said. “Not mine, but, hopefully, they needed it.”

The image, whose metadata included a digital timestamp and location information verifying that the photo was authentic, shows a gray box with the wording:

Call Attendant

Jackpot Handpay

$1,585,455.05

Chinook Winds staff on duty at 1:30 a.m. said it was unable to comment on the win, stating, “We can neither confirm or deny.”

Chinook Winds Casino winner

According to tax calculations, the winner should take home nearly $850,000.

In Oregon, gambling wins under $600 are exempt from income tax. Since it is over that amount, the winner is looking at approximately $155,000 in state taxes.

They will have 25 percent of the jackpot automatically withheld by Chinook Winds to be given to the federal government. That would amount to $396,363.76 and doesn’t cover total taxes owed on the win.

Having joined the highest tax bracket, the winner must pay about 34.56 percent tax, so they will owe 9.56 percent or $151,569 to the feds.

The Federal Insurance Contribution Act (FICA) tax that funds Social Security and Medicare is another 2.74 percent, or $43,419.

The breakdown doesn’t take into consideration filing status or whether the person lives in another state or a number of other factors, but the individual(s) should pocket approximately $839,474 when Oregon and the IRS are done.

Tax TypeMarginal Tax RateEffective Tax Rate2018 Taxes*
Federal37.00%34.56%$547,868
FICA2.35%2.74%$43,419
State9.90%9.76%$154,695
Total Income Taxes47.05%$745,981
Income After Taxes$839,474
Retirement Contributions0
Take-Home Pay$839,474

Source: SmartAsset

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Justin Werner
Justin Wernerhttps://wernerhost.com/
Justin Werner is founder and publisher of Lincoln City Homepage and a journalist reporting news for the fine citizens of Lincoln City, Oregon and beyond. He's on a mission to seek out truth and isn't afraid to be the tip of the spear for freedom of the press. When he's not wearing his reporter hat, you can find him enjoying the Oregon Coast with his wife and three children.

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