When the policy was adopted in 1977, a $1,200 jackpot was a big deal, and Nevada was the only state offering legal casino gambling. Whenever a slot player wins a jackpot of more than $1,200, the operator - a casino, tavern, restaurant or convenience store, or even airport personnel - are required to prepare a W-2G form that reports the amount of those winnings to the Internal Revenue Service.
Dina Titus, D-Nev., plans to take another swing at an archaic tax formula involving slot machine winnings by raising the reporting threshold. Dina Titus at the Review-Journal studio in Las Vegas in 2022.
