How much money does a casino

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Otherwise, for 2022 winnings, the payer must send the form to you by January 31, 2023. In some cases, you'll get the W-2G on the spot. If you don't have a SSN, then you'll need a taxpayer identification numbe (TIN).

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You also need to provide your Social Security number.If a W-2G is required, the payer (sports betting parlor, casino, racetrack, lottery, etc.) will need to see two forms of identification. Your reportable winnings will be listed in Box 1 of the W-2G form. The payout doesn't have to be 300 times the wager for these types of winnings). For poker tournament winnings, the threshold is $5,000.For keno winnings, the threshold is $1,500.For bingo and slot machine winnings, the threshold is $1,200.Generally, you'll receive an IRS Form W-2G if your gambling winnings are at least $600 and the payout is at least 300 times the amount of your wager. Taxes on Gambling Winnings: You Might Get a Form W-2G

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