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Las Vegas Casino Win Loss Statement

Blackjack in Las Vegas

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 year 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.

IRS W2G

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.

What's New on Form W-2G in 2017

The text in box 1 of Form W-2G has been changed from "Gross winnings" to "Reportable winnings." This change clarifies that for certain types of gambling activity, the amount shown in box 1 is gross winnings less the amounts of the wager or buy-in.

What Gambling Winnings are Reportable?

Report gambling winnings on Form W-2G if:
1. The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine,
2. The winnings (reduced by the wager) are $1,500 or more from a keno game,
3. The winnings (reduced by the wager or buy-in) are more than $5,000 from a poker tournament,
4. The winnings (except winnings from bingo, slot machines, keno, and poker tournaments) reduced, at the option of the payer, by the wager are:
a. $600 or more, and
b. At least 300 times the amount of the wager, or
5. The winnings are subject to federal income tax withholding (either regular gambling withholding or backup withholding).

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.

Total Rewards

Total Rewards Card

Click here for other locations

For the casinos listed above, Win/Loss statements are available online. They are available the first week in February for the previous year.

Download Win/Loss Statement Request Form

M life Players Card

M life Players Card

To obtain your Mlife Win/Loss Tax Statements submit your "Tax Information Statement Request Form" online at www.mlife.com or call 866-752-7111 and request a "Tax Information Statement Request Form". The instructions on the request form indicate that you may mail, fax, email, or deliver your completed "Tax Information Statement Request Form" in person to any M life Desk or Casino Cage.

For more information, call 866-752-7111 toll free to speak with Member Services.

B Connected

B Connected Card

Boarding Pass

Boarding Pass Card

Club Grazie

Club Grazie Card

  • The Venetian
  • The Palazzo
  •  

  • Call: 877-2GRAZIE or (702) 414-4116
    Sunday - Thursday, 8 a.m. - 1 a.m.
    Friday - Saturday, 8 a.m. - 2 a.m.
Wynn Red Card

Wynn Red Card

Ace Play

Ace Play Players Card

Las Vegas Casino Win\Loss Statement Download

Las Vegas Hotel Win/Loss Statement
Cosmopolitan of Las Vegas Call 702-698-7280 or visit the Identity Membership desk on Level 1 in the casino
Aliante Casino Hotel Download Win/Loss Statement Request Form PDF
WestGate Las Vegas
Download Win/Loss Statement Request Form
Hard Rock Hotel Casino
Download Win/Loss Statement Request Form
Tropicana Las Vegas Download Win/Loss Statement Request Form PDF
Hooters Casino Hotel Download Win/Loss Statement Request Form
Palms Casino Hotel Download Win/Loss Statement Request Form
Golden Nugget Las Vegas Download Win/Loss Statement Request Form
Las Vegas Hotel Win/Loss Statement
SouthPoint Hotel Casino Download Win/Loss Statement Request Form
Plaza Hotel Casino Download Win/Loss Statement Request Form PDF
Rampart Casino Download Win/Loss Statement Request Form
Binion's Gambling Hall & Hotel Download Win/Loss Statement Request Form PDF
Treasure Island (Ti) Download Win/Loss Statement Request Form
M Resort Download Win/Loss Statement Request Form PDF
Silver Sevens Casino Download Win/Loss Statement Request Form
Eastside Cannery
Download Win/Loss Statement Request Form
Four Queens Hotel & Casino Download Win/Loss Statement Request Form PDF
Arizona Charlies Decatur Download Win/Loss Statement Request Form
Railroad Pass Hotel and Casino Download Win/Loss Statement Request Form PDF

Hotel Reviews

Cirque du Soleil Discount Tickets
KA Spring Offer from $69 Criss Angel Mindfreak Live Spring Offer from $59
"O" Spring Offer from $98 LOVE Spring Offer from $79
Zumanity Spring Offer from $75 MJ ONE Spring Offer from $75
Carrot Top Advanced Internet Offer from $49 Fantasy Advanced Internet Offer from $39
Blue Man Group Advanced Internet Offer from $64 Terry Fator 30% Off

Golden Rewards

Golden Gaming

Sierra Gold - Las Vegas, NV
Sierra Gold - Henderson, NV
Sierra Gold - North Las Vegas, NV
Sierra Gold - Buffalo & Smoke Ranch
PT's - Las Vegas, NV - Sunset & Paradise
PT's - Henderson, NV - Anthem & Bicentennial Pkwy
PT's - Henderson, NV - St. Rose & Eastern
PT's - Las Vegas, NV - Russell & Hualapai
PT's - Las Vegas, NV - Centennial & Losee
PT's - Las Vegas, NV - 215 & S. Buffalo
PT's - Las Vegas, NV - 215 & Sunset

Download Win/Loss Statement Request Form

A-PlayClub

A-Play Card

Silver Sevens Hotel & Casino
Primm Valley
Buffalo Bills
Whiskey Pete's
Rail Cit

Download Win/Loss Statement Request Form

Players Club Cards

  • Las Vegas Players Club Card List
  • Station Casinos Boarding Pass
  • Total Rewards Card
  • MGM Mirage Players Club Card
  • Las Vegas Casino Win/Loss Statement
  • B Connected
  • Wynn Red Card
  • Club Grazie
  • Wild Card Players Club Card

Disclaimer

Las Vegas Casino Players ClubLasvegas-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.

Please do not use the form below to request a Win/Loss Statement. Click on the link next to the casinos listed above or contact the casino directly.

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Note: Any request for Win / Loss Statement using the form above will be deleted.


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2016 WinLoss Statement