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Learn More About Form W-2G


What is a W-2G?

Form W-2G is used to report gambling winnings from horse racing, dog racing, jai alai, lotteries, keno, bingo, slot machines, sweepstakes, wagering pools, poker tournaments, etc.

Why do I file W-2G?

The IRS requires that all income and deductible expenses are reported by businesses and individuals or penalties could apply.

Who needs to file W-2G?

File Form W-2G, Certain Gambling Winnings, to report gambling winnings and any federal income tax withheld on those winnings. The requirements for reporting and withholding depend on the type of gambling, the amount of the gambling winnings, and generally the ratio of the winnings to the wager. File W-2G with the IRS. You must provide a statement to the winner (Copies B and C of Form W-2G). See the official IRS instructions.

When do I file W-2G?

W-2G forms are required to be mailed to the recipient by January 31, 2018 and e-filed with the IRS by April 2, 2018.

W-2G Reporting Information

What to report Amount to report
Gambling winnings from horse racing, dog racing, jai alai, lotteries, keno, bingo, slot machines, sweepstakes, wagering pools, poker tournaments, etc. Generally, $600 or more; $1,200 or more from bingo or slot machines; $1,500 or more from keno.