Now for casinos who give you the OPTION to withhold taxes or not, what should you do? Well that all depends on how often you gamble, and how big the win is. Technically when you don't win a Jackpot, BUT leave a casino in the positive - you're suppose to claim that win too. You will now be taxed at your tax bracket. They will hand you a form stating your jackpot win and you are now required by law to file those wins as income at tax time. In California and Nevada, they don't take them out. Some hold back ' estimated' taxes immediately, and others don't. Depending on the State or the Casino, they treat this differently. But there are ways of making sure they don't get their hands on it.īasically ONLY when you win a Jackpot Handpay ($1200 or more), the casino is required to get the IRS involved and provide you with a W-2.

The below is represented by my own experiences only within the US and playing slots. I was hesitant to respond as I am by no means an accountant, but I figured I'd offer a bit of guidance. I have received many, many blog suggestions from you all and a recurring one revolves around taxes.

Do casinos withhold taxes on winnings