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Increased Tax Reporting Threshold for Slot Machine Winnings

This bill raises the threshold at which businesses must report slot machine winnings to the IRS. The new limit is set at $5,000 per single play, meaning citizens winning smaller amounts will receive fewer automatic tax reporting forms. This change takes effect for payments made after December 31, 2025, and the threshold will be adjusted for inflation annually.
Key points
The mandatory reporting threshold for slot machine winnings is increased from the current level to $5,000 per single play.
Citizens will receive fewer automatic tax forms (W-2G) for winnings between the old and new reporting limits.
The $5,000 limit will be automatically adjusted for inflation starting in 2027 to maintain its value over time.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2233
Sponsor: Rep. Titus, Dina [D-NV-1]
Process start date: 2025-03-18
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SLOT Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2233.

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 2025-03-18.

What are the main provisions?

Key points include:

  • The mandatory reporting threshold for slot machine winnings is increased from the current level to $5,000 per single play.
  • Citizens will receive fewer automatic tax forms (W-2G) for winnings between the old and new reporting limits.
  • The $5,000 limit will be automatically adjusted for inflation starting in 2027 to maintain its value over time.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Taxes Economy