The IRS has proposed that the tax threshold be lowered on all land based casino wins. The proposal would see single wins of $600 or more be taxed rather than the current limit of $1,200. This will result in your machine locking when you hit a single win of $600 or more and you'd have to claim it as income each year. Nothing is final yet and the issue will be discussed over the next 3 months.
The casinos are being backed by the American Gaming Association, who views the proposal as unreasonable and unnecessary.
Americans May be Paying Taxes on Land Based Casino Wins of $600 or More
Readers of this topic also read:
lcb activities in the last 24 hours
Join the club
- new members
- members online
- guests online
- new posts
- free games played
Join today and start earning rewards
You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.