Question of the Day — 25 Sep 2023

When I hit a jackpot, can I get free play at the casino, instead of signing a W-2G?

Nope. Sorry, but once you hit a jackpot of $1,200 or more on a gambling machine, the W-2G is automatic, stipulated by federal tax regulations.  

Also, no casino, that we know of anyway, will convert your jackpot into free play.

Besides, free play wouldn't absolve you of paying taxes on your jackpot, which you seem to be implying by trying to avoid the IRS paperwork. You still owe Uncle Sam his due on free play, but when you pay and for how much comprise a complicated tax issue that's discussed at length in our book Tax Help for Gamblers by Jean Scott and Marissa Chien.

 


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