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Higher Reporting Threshold for Slot Machine Winnings

New rules increase the amount of slot machine winnings that businesses must report to tax authorities. This means citizens winning smaller amounts will not be subject to automatic reporting of their winnings. These changes will take effect from January 1, 2023, with the threshold further adjusted for inflation for payments in years beginning after 2023.
Key points
The reporting threshold for slot machine winnings will be set at $5,000 per single play.
This change implies less paperwork for individuals winning less than $5,000, as these winnings will not require automatic reporting.
For payments in calendar years beginning after 2023, the $5,000 amount will be adjusted for inflation.
The new rules will apply to winnings paid after December 31, 2022.
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Additional Information
Print number: 117_HR_6937
Sponsor: Rep. Titus, Dina [D-NV-1]
Process start date: 2022-03-03
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to increase the information reporting threshold for slot winnings.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6937.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-03.

What are the main provisions?

Key points include:

  • The reporting threshold for slot machine winnings will be set at $5,000 per single play.
  • This change implies less paperwork for individuals winning less than $5,000, as these winnings will not require automatic reporting.
  • For payments in calendar years beginning after 2023, the $5,000 amount will be adjusted for inflation.
  • The new rules will apply to winnings paid after December 31, 2022.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Titus, Dina [D-NV-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Economy