Gambling Terminology (According to the IRS) The following terms and their definitions are taken from the IRS and they use these terms in their explanations of gambling. For gamblers terminolo [..]

Also called the casino cage or cashier. A centralized enclosure where the records of transactions are kept, money is counted. Chips or tokens can be purchased or exchanged for cash.

A condition allowing players to sign credit slips, or markers, for cash or chips.

A building or large room devoted to gambling games or wagering on a variety of events.

Also called the cage. The secured area in a gaming establishment where records of transactions, money, and chips are kept.

All of the activities related to legalized gambling and the operation of legal gambling establishments.

Also known as a CHECK used to represent money. At one time, chips were made of ivory or bond, but are now commonly made of composition, clay, ceramic or plastic.

Any mechanical or electronic machine designed to accept coins and to pay coins under certain conditions, especially a slot machine, or pinball, video poker, or horse race machine.

A gift given by managers to favored patrons, such as meals, room, or show reservation.

Also shortened to Line. The amount of money a player has deposited in the casino cage, or the amount of money the casino manager is willing to advance to a player.