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Under IRS rules you must report winnings from any type of gambling activityincluding lotteries racing bingo sports slot machines and cardsno matter how much you. For practical purposes it does not make sense to report winnings every time you win 50 cents in a slot machine. News Blog Casino Tips Tricks San Diego Ca Golden Acorn Casino And Travel Centerhow Are Casino Winnings Taxed Golden Acorn Casino When you have a win equal to or greater than 1200 you are issued a W-2G form. How much taxes do you pay on slot machine winnings . In some cases the tax 25 is already deducted by the casino before you are paid your winning. The answer actually varies depending on what you play. If you hit a single jackpot of 1200 or more you will have to fill out a W-2G tax form and since you are not from the US they will withhold 30. Casinos will issue W-2Gs for winnings greater than 1200 from a slot machine or 5000 from poker. Many players will tip somewhere between a half to one percent of t

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