We wish all of our patrons luck in their gaming! If you happen to have a this type of win, here is what you should know:
A W-2G Win is and tax form used to report income related to gambling. You will be required to complete this Federal Tax advisory form only if the winnings are $600.00 or more and the odds are greater than or equal to 300:1 (+3000).
A net win of $5,000 or more with odds equal or greater than 300:1 (+30000) will be subject to a withholding of 24%.
