The IRS confirmed that casinos must file Form W-2G for slot-machine winnings of $2,000 or more from the beginning of 2026, according to the report. The agency will adjust the threshold annually for inflation and other economic changes.
Casinos will need to apply the revised reporting threshold and subsequent annual adjustments.
The day’s most important stories, free. One email a day.
It was reported that NTRA asked the US Treasury and IRS to support legislation restoring the 100% gambling loss deduction. The racing association argues that the current 90% cap can create tax liabilities even when bettors break even.
The Oregon Lottery said it raised $887 million for parks, schools, veterans’ services and other programmes in 2025. Retailers earned more than $300 million in commissions, the Lottery said. It also outlined retailer technology upgrades planned for 2026 and updated tax-compliance requirements.
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.
US President Donald Trump said he had not decided whether to support ending federal taxes on gambling winnings, according to the report. Current federal rules require gambling entities to issue Form W-2G for winnings above $600; the IRS sets a 24% withholding rate for payments of $5,000 or more. Trump gave no timetable for further consideration.
A Quaest poll found that 16% of respondents who were optimistic about Brazil's future cited regulation of betting and social media as a source of hope under President Luiz Inácio Lula da Silva. That group represented 44% of respondents, making the combined issue about 7% of the full sample; the poll did not separate betting from social-media regulation. The survey interviewed 2,004 people from 30 October to 2 November.