The tax form W-2G is generated to report income related to gambling. This form is triggered if you have a winning wager of $600.00 or more when the win is at least 300 times your bet and will be available to view and download in the 'Tax Documents' section of your account. For example: if your $1.00 wager returns a win of $1,000.00, you will be issued a W-2G form.
Please note: Arizona Department of Gaming regulation R19-4-151 requires that any winnings which trigger a W-2G tax form be withheld pending confirmation that the winner does not owe debt to the state of Arizona. If debt is owed, it will be deducted from your winnings, with the remainder returned to your account
Winnings of $5,000.00 or more with odds greater than 300 times the bet amount will also be subject to a federal tax withholding of 24%. Further information about W-2G tax filings can be viewed from the IRS here
You are ultimately responsible for paying any tax that may be owed for your overall gambling activity. Your Transaction History is viewable at any time through the Transaction History section of your account. If you need a more thorough Win/Loss statement for tax purposes, please contact reply to this email and we'll be happy to provide a statement reflecting your play for the requested period of time.
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