If I win, do I have to pay taxes?
We are required to file an IRS form W-2G for all slot jackpots of $1,200 USD or more and for all table game jackpots and payouts where the odds paid are 300 to1 or higher (e.g. some poker progressives and royal/straight flushes). There is normally no tax withheld on slot jackpots if the winner can provide a valid Social Security Number. If you are unable to provide a valid Social Security Number, however, we are required to withhold taxes at a rate of 29%. All table game payouts subject to tax reporting are also subject to withholding at a rate of 26% (29% if a valid Social Security Number cannot be provided). These tax guidelines are for citizens and permanent residents of the United States only.