According to TaxSlayer, the threshold for receiving a Form W-2G is $1200.00 on a slot machine or bingo hit.The IRS states that gambling establishments are generally required to issue a Form W-2G for winnings of more than $600.00 1.įor winnings greater than $5,000, the gambling establishment may be required to withhold 24% of the proceeds for federal income tax 2.

In the United States, regardless if it is recreational gambling or not, taxes must be paid on winnings.