“This creates an unnecessary burden on the gaming industry, an economic driver for Southern Nevada and other communities nationwide where slot machines exist,” she said.Ī similar bill in the Senate has yet to be filed. Adjusted for inflation, that amount would be $5,000 today.Ĭurrently, a jackpot win of $1,200 or more requires the casino or business to shut down a machine and demands IRS paperwork for the winning customer, Titus said. ![]() Titus said the current threshold was set in 1977. ![]() Guy Reschenthaler, R-Pa., would raise the $1,200 trigger for reporting winnings to $5,000 instead. Baskow/Las Vegas Review-Journal) - Citing inflation, the Congressional Gaming Caucus filed a bill Thursday to raise the threshold when gamblers are required to report their slot machine jackpot wins to the Internal Revenue Service. ![]() The Congressional Gaming Caucus filed a bill Thursday, March 3, 2022, to raise the threshold when gamblers are required to report their slot machine jackpot wins to the Internal Revenue Service. A guest plays a slot machine with others nearby at Red Rock Casino on Tuesday, Dec.
0 Comments
Leave a Reply. |