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Thread: Question about taxes.

  1. #1
    I have heard that Table Game big wins don't count as Handpay Jackpots/don't generate W2G's. Is this correct? For example, someone said he won $5,000 on a Roulette Game and didn't get a Jackpot/Handpay/W2G. He got a free game in a slot machine later that night and he won $1200 from it and got the JHW. He was like,"Weird how I won much more money on the Roulette Game and didn't get a JHW, but on the slot machine, I got less and got the JHW."

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  3. #3
    Originally Posted by Tasha View Post
    I have heard that Table Game big wins don't count as Handpay Jackpots/don't generate W2G's. Is this correct? For example, someone said he won $5,000 on a Roulette Game and didn't get a Jackpot/Handpay/W2G. He got a free game in a slot machine later that night and he won $1200 from it and got the JHW. He was like,"Weird how I won much more money on the Roulette Game and didn't get a JHW, but on the slot machine, I got less and got the JHW."
    Different games have different thresholds for W-2'gs. The roulette win was probably accumulated anyway. You don't get a W2-G on a machine for an accumulated win of $1200 or more, just a $1200 or more jackpot.
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  4. #4
    Originally Posted by Tasha View Post
    I have heard that Table Game big wins don't count as Handpay Jackpots/don't generate W2G's. Is this correct? For example, someone said he won $5,000 on a Roulette Game and didn't get a Jackpot/Handpay/W2G. He got a free game in a slot machine later that night and he won $1200 from it and got the JHW. He was like,"Weird how I won much more money on the Roulette Game and didn't get a JHW, but on the slot machine, I got less and got the JHW."
    I am not a tax professional but I recall looking at this a few years ago and it appears that no W-2 is issued at a table game unless (1) you have won at least $600 and (2) were paid at least 300 times your original bet. See https://www.irs.gov/pub/irs-prior/iw2g--2019.pdf

    The bottom right of the first page is a decent summary of when a W-2 G must be issued.

    Section one later in the document refers to when the casino (aka the "payor") must issue a W-2 G for "other wagering" not otherwise mentioned. This appears to apply to table games.

    By contrast under section 3 of this IRS reg slot machines cause a W-2 G to be issued in a slot machine if $1,200 is paid and $1,500 for keno machines. (No offset by the amount of your initial wager)

    So it looks like no W-2 for table games unless there is some kind of carnival side bet like a six point Fire bet in craps. I am unaware of any such side bet in roulette.
    Last edited by FABismonte; 02-14-2019 at 03:38 PM.

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