{"id":120315,"date":"2019-11-05T11:40:32","date_gmt":"2019-11-05T19:40:32","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?p=120315"},"modified":"2019-11-05T11:40:40","modified_gmt":"2019-11-05T19:40:40","slug":"winning-a-drawing","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/","title":{"rendered":"Winning a Drawing"},"content":{"rendered":"\n

<\/p>\n\n\n\n

I get inspiration for columns from all sorts of places. This was a question sent in to gamblingwithanedge@gmail.com<\/a> for Richard and me to answer on the podcast. I will answer it there the next time we have a \u201cBob and Richard answer their mail\u201d show (which is usually when we haven\u2019t been able to schedule a guest for that week), but I\u2019ll answer it here first.<\/p>\n\n\n\n

I earned $1,000 in a drawing. The casino insisted I show my Social Security Number, even though it was below $1,200. They said they wouldn\u2019t pay me if I didn\u2019t show it. So, I did. Were they legally entitled to demand my SSN?<\/font><\/p>\n\n\n\n

Yes, they were.<\/p>\n\n\n\n

The $1,200 you refer to is the lower limit for a W2G, which is a form called \u201cCertain Gambling Winnings,\u201d and for video poker players, it is issued when you hit a jackpot of sufficient size.<\/p>\n\n\n\n

For drawings, the appropriate form is called Form 1099-MISC. The magic number for 1099s as applied to drawings is $600 PER YEAR. Your $1,000 prize is more than that, so yes, they should issue you a 1099 and they need your SSN to do this.<\/p>\n\n\n\n

Some casinos collect your SSN for ALL winnings simply because the $600 figure is an annual figure. If you win $50 in February, $250 in April, and $300 in October, the casino should send you a 1099 at the end of the year. Some do. Some don\u2019t.<\/p>\n\n\n\n

The casino cannot know in February if you\u2019re going to win any additional drawings throughout the year, so they are entitled to collect the SSN every time.<\/p>\n\n\n\n

In addition to drawings, earning money in a tournament qualifies towards the same $600 1099 threshold. On occasion I\u2019ve been issued a W2G rather than a 1099 for a tournament winning. When that happened, I simply recorded it in my records the same way as the tax form was issued.<\/p>\n\n\n\n

Can you get around this?<\/p>\n\n\n\n

Sure. You do not have to provide your SSN for drawings. You keep your SSN and the casino keeps the money. Similarly for W2Gs, if you hit for $4,000 and simply walk out of the casino, you will not have to give your name or SSN. They will not chase you! The casino will keep the $4,000, of course, along with whatever credits you had remaining on the machine when you hit the jackpot. There are people who have gone this route. I\u2019m not one of them.<\/p>\n\n\n\n

W2Gs and 1099s are reported to the IRS and you need to account for them on your tax return. Exactly how you do this is a question for someone more expert than I am in this. Failure to account for 1099s and W2Gs can trigger audits and penalties, which I am expert enough to tell you is no fun at all.
<\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"youtube\"<\/a>\"instagram\"<\/a>","protected":false},"excerpt":{"rendered":"

I get inspiration for columns from all sorts of places. This was a question sent in to gamblingwithanedge@gmail.com for Richard and me to answer on the podcast. I will answer it there the next time we have a \u201cBob and Richard answer their mail\u201d show (which is usually when we haven\u2019t been able to schedule […]<\/p>\n","protected":false},"author":2,"featured_media":6498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"Winning a Drawing by Bob Dancer","jetpack_is_tweetstorm":false},"categories":[2,3],"tags":[428,196],"yoast_head":"\nWinning a Drawing - Gambling With An Edge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winning a Drawing - Gambling With An Edge\" \/>\n<meta property=\"og:description\" content=\"I get inspiration for columns from all sorts of places. This was a question sent in to gamblingwithanedge@gmail.com for Richard and me to answer on the podcast. I will answer it there the next time we have a \u201cBob and Richard answer their mail\u201d show (which is usually when we haven\u2019t been able to schedule […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/\" \/>\n<meta property=\"og:site_name\" content=\"Gambling With An Edge\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/lasvegasadvisor\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-05T19:40:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-05T19:40:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2017\/07\/dancer-column-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@lva_tweet\" \/>\n<meta name=\"twitter:site\" content=\"@lva_tweet\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#website\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/\",\"name\":\"Gambling With An Edge\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2017\/07\/dancer-column-2.png\",\"contentUrl\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2017\/07\/dancer-column-2.png\",\"width\":500,\"height\":300,\"caption\":\"bob dancer's weekly column\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/#webpage\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/\",\"name\":\"Winning a Drawing - Gambling With An Edge\",\"isPartOf\":{\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/#primaryimage\"},\"datePublished\":\"2019-11-05T19:40:32+00:00\",\"dateModified\":\"2019-11-05T19:40:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#\/schema\/person\/c27a91b6679cdf3c71f73bd2bdc844c7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winning-a-drawing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Winning a Drawing\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#\/schema\/person\/c27a91b6679cdf3c71f73bd2bdc844c7\",\"name\":\"Bob Dancer\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2016\/06\/GWAEDancerVP-e1466809008667.jpg\",\"contentUrl\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2016\/06\/GWAEDancerVP-e1466809008667.jpg\",\"caption\":\"Bob Dancer\"},\"description\":\"Video Poker Expert\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/author\/bob-dancer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","jetpack_featured_media_url":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2017\/07\/dancer-column-2.png","jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts\/120315"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/comments?post=120315"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts\/120315\/revisions"}],"predecessor-version":[{"id":120316,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts\/120315\/revisions\/120316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/media\/6498"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/media?parent=120315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/categories?post=120315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/tags?post=120315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}