The threshold for reporting slot machine jackpots to the IRS is going up, but not immediately.
At least, that is how many people close to the casino industry are interpreting the situation.
The One Big Beautiful Bill Act included a revision to IRS Code Section 6041, increasing the reporting threshold to $2,000 and tying future increases to inflation, according to legislative and policy experts. That change will affect the $1,200 threshold that currently triggers W-2G tax forms when players hit slot jackpots.
The slot reporting threshold is governed by an IRS regulation, so the change will not go into effect until the agency updates its rules.
