Leaders of the gaming industry met last week at Global Gaming Expo in Las Vegas to discuss critical issues affecting vital global stakeholders. Even though the gambling tax amendments were made months ago, many executives in the business were still thinking about them.
Changes to tax reporting for slot machine wins and the One Big Beautiful Bill Act (OBBBA), a bill that affects the distribution of gambling loss deductions, were examined.
During G2E’s Inside the C-Suite: Gaming’s Future in Focus on Stage address, the tax provision was brought up. Bill Miller, president of the American Gaming Association, and Bill Hornbuckle, CEO of MGM Resorts International, participated at the meeting.
An increase in the slot win threshold is regarded as a win.
Miller pointed out a recent slot win tax reform that benefits casino patrons. The industry has been battling for years to raise the minimum threshold for slot jackpots from $1,200 to $2,000, and the budget measure did just that.
“It’s not the $5,000 we were hoping for, but we are making progress, and we will accept the victory and keep working to reach that $5,000 mark,” Miller stated.
The minimum threshold for slot winnings will also be adjusted for inflation beginning in 2027.
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