Las Vegas Casino Win/Loss Statement

 

It's that time of the year again.... TAX TIME and if you don't already know, gambling winnings are taxable income. Hope you kept a logbook of your play throughout the year. Whether you won or lost money last year, keeping a proper record of your wins and losses is very important if you plan to keep more of your winnings at the end of the year.

 

Assuming you had a lucky day last year and hit a jackpot of $40,000. Before the casino hands over the money, they will make you fill out a W2-G form which lists your name, address and Social Security Number.

 

The reason you are required to fill out a W2-G form is that the Internal Revenue Service (IRS) requires casinos to report on a W2-G form all players' jackpots of $1,200 and above. In your case, your $40,000 jackpot becomes taxable income. Don't panic yet. Assuming throughout last you lost $100 here and there for a total loss of $12,000. As long as you kept a proper log of your wins and losses, you will have gambling losses to deduct from your winnings thereby lowering your income tax.

 

Note: Please seek the advice of a Tax Professional on the current tax laws and which records you need to keep.

 

 

What is a Win/Loss Statement?

 

A Las Vegas Casino Win/Loss statement is an estimate of what an individual casino customer won or lost during a calendar year based on the player tracking information.

 

As far as tax documents go, a win/loss statement is one of the most important communications you had with the casinos you frequent and a very important document your tax professional will need.

 

Note: It's your responsibility to request a win/loss statement . Don't expect your casino to send it to you automatically.

 

Below is list of Las Vegas Players Club Cards, their corresponding Las Vegas hotels and Casinos and a link to download a Win\Loss statement request form.

 

Las Vegas Casino Win\Loss Statement Download

Slot Card	Hotels
Total Rewards   Download Win/Loss Statement Request Form	Bally’s Las Vegas Caesars Palace Flamingo Harrah’s Las Vegas Imperial Palace Paris Las Vegas Planet Hollywood Rio All-Suites
M life Players Card   Download Win/Loss Statement Request Form Email: taxstatement@mgmresorts.com or call 866.752.7111 toll free to speak with Member Services.	Aria, Bellagio, MGM Grand Las Vegas Mandalay Bay, The Mirage, Luxor Hotel & Casino Excalibar, New York - New York, Monte Carlo
B Connected Log onto B Connected Online and download a blank win/loss form. Print it out, complete it and mail it to the address listed on the form.   Download Win/Loss Statement Request Form	California Hotel Fremont Hotel Gold Coast Main Street Station The Orleans Sam’s Town Suncoast
Station Casino   Download Win/Loss Statement Request Form	Aliante Station Boulder Station Fiesta Henderson Fiesta Rancho Green Valley Ranch Palace Station Red Rock Resort Sunset Station Texas Station

 

Slot Card	Hotels
Club Grazie Call: 877-2GRAZIE or (702) 414-4116 Hours: Sunday - Thursday, 8 a.m. - 1 a.m. Friday - Saturday, 8 a.m. - 2 a.m.   To submit a win/loss request, log in to your account here: Once logged in, click on "win/loss" from the menu, select the requested year and click "submit". A printer-friendly copy of your win/loss statement will appear for your records.	The Venetian The Palazzo
Wynn Red Card To receive a Win/Loss Statement please download the Request Form below. Download Win/Loss Statement Request Form To receive a W2G Summary please download the request form below. Download W2G Summary Request Form	Wynn Las Vegas Encore   winloss@wynnlasvegas.com
Ace Play Download Win/Loss Statement Request Form When you have completed the request form, bring it to the ace | PLAY™ Center, or send it to the Las Vegas casino listed:	Stratosphere Hotel Arizona Charlie's Boulder Arizona Charlie's Decatur Aquarius

Las Vegas Hotel	Win/Loss Statement
LVH (formally Las Vegas Hilton)	Download Win/Loss Statement Request Form
Hard Rock Hotel Casino	Download Win/Loss Statement Request Form
Riviera Hotel	Download Win/Loss Statement Request Form
Tropicana Las Vegas	Download Win/Loss Statement Request Form

 

Las Vegas Hotel	Win/Loss Statement
SouthPoint Hotel Casino	Download Win/Loss Statement Request Form
Fiesta Henderson	Download Win/Loss Statement Request Form
Plaza Hotel Casino	Download Win/Loss Statement Request Form
Wild Card   Download Win/Loss Statement Request Form	Wild Wild West, Barley's, The Greens Gaming & Dining, Wildfire Rancho, Wildfire Boulder, Wildfire Casino & Lanes, Gold Rush, & Lake Mead Casino
EastSide Cannery Casino Hotel	Download Win/Loss Statement Request Form
Club Binion   Download Win/Loss Statement Request Form	Four Queens Hotel And Casino Binion's Gambling Hall & Hotel
Treasure Island (Ti)	Download Win/Loss Statement Request Form
M Resort	Download Win/Loss Statement Request Form
Primm Valley Resorts	Download Win/Loss Statement Request Form
Bill's Gamblin' Hall & Saloon	Download Win/Loss Statement Request Form

 

 

Disclaimer

Lasvegas-how-to.com is strictly a travel information website and in no way affiliated or associated with any Las Vegas casino, and/or it's respective companies. If you have specific questions regarding your win / loss statement, please contact the casino directly.

 

List of Current Las Vegas Shows

Las Vegas hotels and casinos have more to offer than gambling. Click the link above to look for shows that you have always wanted to see and find out what's available.

 

Free Attractions

Not everything costs money in Las Vegas. Use the following list to find out where to go for free entertainment.

 

Players Club Card

What's a players club card, you ask? It's your ticket to free stuff and discounts. Click this link for more information.

 

Getting a Fun Book in Las Vegas

With a Fun Book, you can get free or discounted food and drinks, discounts on shows, tickets to participate in some shows, and free slot plays.

 

Share your tax tips

 

Comments to date: 2. Page 1 of 1.

Deborah C Bleier	Jan 28, 2012
I was fortunate enough to win a slot jackpot last summer. I'll need a win/loss statement to offset some of my good fortune when filing my taxes for last year. I'm not certain that my husband Douglas is associated with the same card number, but if not I would also like a win/loss statement for him ... read more »
Marilyn Walrath	Jan 26, 2012
I would like a WIN/LOSS statement from GOLDEN NUGGET LAS VEGAS

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