A long-awaited update to slot jackpot tax reporting included in the One Big Beautiful Bill Act will take effect in 2026, the Internal Revenue Service confirmed this week.
The updated minimum threshold of $2,000 for slot jackpots will begin Jan. 1, according to the federal agency.
The confirmation follows Monday’s posting of a draft IRS Form W-2G, reflecting changes mandated by the OBBBA, which was passed by Congress and signed into law in July. The law amended federal information-reporting requirements for certain payments, including casino gambling winnings.
In an email response to the Review-Journal, an IRS media spokesperson said the draft form reflects “the new information reporting thresholds implemented by Congress in section 70433 of the One Big Beautiful Bill Act” and confirmed the effective date.
