I won a $2500 slot machine jackpot I opted to have taxes taken out

do you have to pay taxes on slot machine winnings   Dan domusbet slot

But rules are rules The IRS wants its share of the jackpot a player wins and, to assure that, requires casinos to issue a W2G, a special tax

For instance, New York has one of the highest tax rates on lottery winnings at % Some states do not levy income tax or tax lottery winnings Any individual who wins $1,200 or more from a slot machine; · Any individual who wins Table Game jackpots that are subject to federal income tax

different slot machine games a 20 % rate is imposed on the amount of receipts from gambling on gambling machines, table games, bingo, totalisator betting and remote gambling In addition to handing out all that cash, the casino must provide the winner and the Internal Revenue Service with a W-2G form, and the winner