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Do You Have to Pay Taxes on a Slot Machine Jackpot?

Video Poker and Taxes - Best Online Gambling Sites of 2018 After all, you can't claim any hand pay of $1,200 or more without completing a W-2G right there on the casino floor. For readers who are just beginning to climb the video poker ladder, sticking to $0.50 machines and the like, a big score of $1,200 or more is quite rare. How Are Gambling Winnings Taxed? 3 Things You Need to Know When it comes to casino card games like blackjack, baccarat, roulette, bingo, and slot games, the threshold required by the IRS is $1,200. Skill-based games like poker have a $5,000 threshold reporting limit, and Keno has a $1,500 limit. It’s important to note that these thresholds are not per win, they are per annum.

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Gambling and Taxes | American Casino Guide

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