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- Threshold for tax reporting from slot wins raised by Trump tax bill</p>
<p>James Powel and Susan Tompor, USA TODAYJuly 25, 2025 at 9:36 AM</p>
<p>For gamblers, the impact of President Donald Trump's signature tax package is much like a night at the tables: you win some, you lose some.</p>
<p>Tucked away in the nearly 900-page mega tax-and-spending bill is a provision that raises the minimum win slot-machine win that requires hand-payments and tax reporting at casinos.</p>
<p>Signed into law on July 4, the One Big Beautiful Bill Act lifts the maximum win before casinos must issue a WG-2 form and shut down the machine to $2,000, up from the long-time figure of $1,200 and ties the threshold to inflation.</p>
<p>The section takes effect in 2026 with the inflation index starting in 2027.</p>
<p>A patron plays a slot machine at the Bally's casino in Tiverton, Rhode Island.</p>
<p>American Gaming Association Senior Vice President of Government Relations Chris Cylke praised the provision to the gambling industry trade publication SBC Americas.</p>
<p>"Raising the slot tax reporting threshold to $2,000 and indexing it to inflation is a long-overdue modernization that reduces regulatory burdens and improves the customer experience," Cylke said.</p>
<p>The association noted in a 2022 press release that the $1,200 threshold was created in 1977. A Bureau of Labor Statistics inflation calculator indicates that the threshold would be over $6,600 in June of 2025 if it had been tied to inflation.</p>
<p>Nevada Rep. Dina Titus (D) told Las Vegas CBS affiliate KLAS that the provision does not go far enough.</p>
<p>"While raising the slot reporting threshold to $2,000 is a step in the right direction, it is still inadequate," Titus, a champion of the SLOT Act that would raise the threshold to $5,000, explained. "The IRS Advisory Council recommended this threshold be raised over $5,000 and indexed to inflation."</p>
<p>Gamblers lose tax break in the 'Big Beautiful Bill'</p>
<p>On the losing side, gamblers will be taking a hit courtesy of a separate tax provision in the newly created law.</p>
<p>Starting in 2026, gamblers winning $1,000 can only deduct 90% of their losses, down from a previous 100% deduction.</p>
<p>The amount of losses players can deduct is limited to their winnings, and deductible losses cannot exceed total winnings for the year.</p>
<p>Titus introduced the My FAIR BET Act on July 7 to restore the 100% deduction for gamblers.</p>
<p>"We should be encouraging players to properly report their winnings and wager using legal operators," Titus previously told USA TODAY in a statement. "The Senate change will only push people to not report their winnings and to use unregulated platforms."</p>
<p>This article originally appeared on USA TODAY: Trump tax bill gives slot players higher reporting threshold on wins</p>
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