US taxation on gambling wins

**SlotsWizard** · 3rd September 2007, 12:32 AM

Originally Posted by Simmo!

What I don't get is this:

When you hit a $1200 in a B&M in America you get a "Call Attendent" message up and the screen locks, and you have to do all the IRS forms. So how do high rollers cope with this? If someone is spinning $50/$100 or more a spin, surely that's gonna happen all the time??

I've always wondered that too. Or the people who play big-money blackjack - a $1200 bet that pushes would require a W2-G.

Seems to me like that would take the fun out of it.

I think the high-rollers not only play in a "special area" but are probably given a little bit of leeway with the paperwork, probably by only filling it out at the end of their sessions or something. That's just my guess - if I ever reach that level I'll be sure to let ya know!

(Thanks for taking care of that poker spammer

)

**pokeraddict** · 3rd September 2007, 12:43 AM

Table games do not fall under the same rules as video poker, slots and keno. As long as you do not cross $10,000 in chips across the cage in a 24 hour period there is no IRS notification. Even then it is only a cash activity report, not a W2G.

**dealer wins** · 3rd September 2007, 03:24 PM

Will these new thieving tax rules now affect non USA citizens? Im off to vegas in December and plan on hitting the big slot JP of course!!

I remember about 4 years ago one of our group hit a $5000 slot JP in Caesars Vegas, and because he was from the UK he was paid the whole $5k by the attendant.

Thanks

**lojo** · 3rd September 2007, 09:53 PM

Originally Posted by dealer wins

Will these new thieving tax rules now affect non USA citizens? Im off to vegas in December and plan on hitting the big slot JP of course!!

I remember about 4 years ago one of our group hit a $5000 slot JP in Caesars Vegas, and because he was from the UK he was paid the whole $5k by the attendant.

Thanks

There might be some paperwork you'll want to do in advance. If no one else chimes in with it in the next couple of days I can look it up for you.

**lukins82** · 11th September 2007, 03:49 PM

never won such a big amount to declare

**pokeraddict** · 12th October 2007, 08:34 AM

http://www.pokernews.com/news/2007/1...e-debunked.htm

It looks like Card Player was wrong. The rule never passed and will not go into affect. There will not be a 25% withholding according to Pokernews.com.