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- Title
KEEPING AN EYE ON LADY LUCK.
- Authors
CAMPBELL, LINDA; SMITH, PAMELA C.
- Abstract
The article looks at proposed changes to the U.S. Internal Revenue Service's (IRS's) rules governing the reporting threshold for winnings from electronically tracked slot machines (ETSM). Under the new rules, gambling establishments would have to issue a W-2G form to players who win $1,200 or more during an ETSM session. Details on updates to rules regarding bingo and keno are also presented. The gambling industry's response to the proposed changes is discussed.
- Subjects
GAMBLING taxes; SLOT machines -- Law &; legislation; GAMBLING industry; GAMBLERS; BINGO; KENO; TAXATION
- Publication
Strategic Finance, 2015, Vol 97, Issue 4, p12
- ISSN
1524-833X
- Publication type
Article