The American Gaming Association has recognized Representative Dina Titus and Darin LaHood for her campaigns towards raising the threshold for reporting slot winnings tax from $1,200 to $5,000. Under federal law, casino patrons were previously obliged to report any slot machine winnings upwards of $1,200 or more, while the machine was removed from the casino and the patron signs a W-2G tax reporting form. Following the work of Titus and LaHood, the threshold of which patrons now have to report winnings would be pushed upwards of $5,000. Slot jackpots have gradually increased with inflation over recent years, however the $1,200…

American Gaming Association (AGA) President and CEO Geoff Freeman released the following statement after the Internal Revenue Service (IRS) today released its final regulation on its 2015 proposal for tax reporting of slot winnings. “Today’s final IRS regulation is a big win not only for gaming companies and millions of casino visitors, but also for state and local governments who would have received fewer gaming tax dollars as a result of what would have been burdensome federal requirements,” said Freeman. “Our grassroots campaign mobilized thousands of casino customers, members of Congress from 11 states urged restraint and compelling research demonstrated…