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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.
| Slot Card | Hotels |
|---|---|
|
Bally’s Las Vegas |
Download Win/Loss Statement Request Form Email: taxstatement@mgmresorts.com or call 866.752.7111 toll free to speak with Member Services. |
Aria, |
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.
|
California Hotel Fremont Hotel Gold Coast Main Street Station The Orleans Sam’s Town Suncoast |
|
Aliante Station Boulder Station Fiesta Henderson Fiesta Rancho Green Valley Ranch Palace Station Red Rock Resort Sunset Station Texas Station |
| Slot Card | Hotels |
|---|---|
Hours:
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. |
|
To receive a Win/Loss Statement please download the Request Form below. Download Win/Loss Statement Request Form
Download W2G Summary Request Form
|
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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: |
Aquarius |
| Las Vegas Hotel | Win/Loss Statement |
|---|---|
| Download Win/Loss Statement Request Form | |
| Download Win/Loss Statement Request Form |
|
| Download Win/Loss Statement Request Form | |
| Download Win/Loss Statement Request Form |
| Las Vegas Hotel | Win/Loss Statement |
|---|---|
| Download Win/Loss Statement Request Form | |
| Download Win/Loss Statement Request Form | |
|
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 |
| Download Win/Loss Statement Request Form | |
|
Four Queens Hotel And Casino Binion's Gambling Hall & Hotel |
| Download Win/Loss Statement Request Form | |
| Download Win/Loss Statement Request Form | |
| Download Win/Loss Statement Request Form | |
| 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.
Not everything costs money in Las Vegas. Use the following list to find out where to go for free entertainment.
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. | |
Marilyn Walrath | Jan 26, 2012 |
I would like a WIN/LOSS statement from | |
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