Poker tournament winnings are more than $5,000.Keno winnings, less the wager, are $1,500 or more.Bingo or slot machine winnings are $1,200 or more.Horse race winnings of $600 or more (if the win pays at least 300 times the wager amount).A gaming facility is required to report your winnings on a W-2G when:
You don't necessarily receive a W-2G for all gambling winnings but you still need to report all of your winnings. Type of wager: If other than a regular race bet, enter the type of wager, such as Daily Double, Big Triple, or Pick 6.Date won: This is the date of the winning event, not the date on which you were paid the winnings.Reportable winnings: This amount indicates gross winnings.When reporting gambling income, the most important information on the Form W-2G is:
