Whenever a player has more than $5,000 in winnings (reduced by the wager or buy-in) from a poker tournament.Whenever a player has $1,500 or more in winnings (reduced by the wager) from keno.Whenever a player has $1,200 or more in gambling winnings from bingo or slot machines.This means players who had multiple wins, exceeding the stipulated win threshold per product, will receive one for each time they did/do so. W-2G's are consolidated by day and by State.įorms are generated for individual wins and unlike a 1099 form and End of Year Statement, W2G forms are aggregate based on a 24-hour period by game type - Casino, Sports, and Poker, but do not aggregate on a full year basis. For a detailed daily breakdown of wager/net wins (Losses) please reach out to our Customer Care team. US citizens and permanent residents simply add W2Gs to their tax filings (no tax withholding). W2Gs will be mailed out by January 31st and are usually delivered by the end of February.Īs an operator, BetMGM must inform the IRS of these earning. How can I retrieve my End of Year Statement?įorm W-2G reports gambling earnings and tax withholdings.Who do I contact if I did not receive a W2G form?.
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