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All casino winnings are subject to federal taxes. However, the IRS only requires the casinos to report wins over $1,200 on slots and video poker machines or other games such as keno, lottery or horse racing. When you have a win equal to or greater than $1200, you are issued a W-2G form.
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How to Win at Slot Machines. New slot machine players are going to find a lot of advice for beating the slots. Have a healthy skepticism when a slots expert tells you they know how to beat the slot machines. Among the games in a casino, video slots (in general) have a high house edge.
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