Here's How Gambling Winnings Are Taxed

Slots & Poker are taxable events The limit to make it a taxable event is $1200 You are only taxed on your winnings Slot machines now-a-days

Under current policy, slot machine jackpot winnings of $1,200 or more require a W-2G tax form This threshold has not been updated since

200 slot In the , casinos are required to report winnings over a certain threshold to the IRS For instance, if you win $1,200 or more on a slot machine or bingo, or

booongo slot games How Are Different Types of Gambling Winnings Taxed? The IRS mandates the reporting of all gambling winnings as income This includes not just