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AGEM urges coordination on US gambling tax threshold changes

Regulation

AGEM said the federal reporting threshold for gambling winnings subject to Form W-2G rose from $1,200 to $2,000 on 1 January 2026 under the One Big Beautiful Bill Act. In a 5 January letter, the association urged operators, suppliers and regulators to coordinate implementation, noting that some state and local rules still use the $1,200 threshold. It said suppliers must continue to comply with those requirements until they change.

Suppliers and operators may need to manage different federal and state reporting thresholds while updating systems and compliance processes.

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Regulation

AGA chief says states and tribes should retain gambling authority

American Gaming Association president and chief executive Bill Miller criticised the CFTC’s push for federal oversight of sports betting and prediction markets. Miller argued that states and tribal governments should retain regulatory authority unless the federal government explicitly removes it, and said sports-related event contracts had cost states an estimated $480 million in tax revenue since their introduction last year.

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