What Are the Online Casino Reporting Requirements?

Home » Recent Posts » What Are the Online Casino Reporting Requirements?
Share this on:

Jackpot handpay Epic Fortunes

Most players who play in a physical casino know the reporting requirements for a jackpot, or handpay, is $1,200. So a player naturally wants to know:

So I can win money all day in a casino and unless I win a hand pay, it’s not reported. How does it work with online slot play as far as reporting your winnings?

Debbie F.

The reporting rules, regardless of location, are exactly the same, as it’s an IRS requirement that sets the rules. As such, an online real money gaming casino will have the same $1,200 level for reporting a taxable jackpot.

Of course, being that it’s online, it works a bit differently in that you don’t have someone walking over with a piece of paper and counting money into your hand. 

The online casinos have what are known as Know Your Customer, or KYC, requirements, so when you first sign up they get to know you better than if you just walk into a casino and slide a $20 into a slot. When you get your first reportable win, they may have a few basic questions to ask you, but they’ve oftentimes already captured most of your information.

At the end of the year, you’re able to log in and grab your W2G documents for reportable wins, and use them like any other W2Gs when filing your taxes.

Now note that we said real money gaming casinos. This specifically speaks to the casinos in regulated markets (which as of this posting are about a half dozen states that have legalized real money gaming in their state). 

There are other options out there, and those options will likely follow different rules for various reasons. For instance, social casinos that operate under a sweepstakes model will fall under sweepstakes laws, including around taxes, that players should be aware.

But as far as real money gaming online casinos, the rules are quite familiar.

Have a question? Submit yours here!


Share this on:

2 Replies to “What Are the Online Casino Reporting Requirements?”

  • Joel DeWitt says:

    If you live in California, you can not do online gambling

    • FlipTheSwitch.com says:

      This is correct. Real money gaming is available in six states at the moment (Connecticut, Delaware, New Jersey, Michigan, Pennsylvania, West Virginia) with a seventh coming soon.

Leave a Comment

Your email address will not be published. Required fields are marked *

Play Online Casinos

Sign Up and get a Deposit Match up to $1,000, plus $25 in Site Credits on the house! Available in MI, NJ, PA & WV. US promotional offers not valid in Ontario.

Use code SWITCH2500 for a 100% deposit match up to $2,500, and 2,500 Reward Credits, with $25+ in wagers placed (MI, NJ, PA & WV).

New sign-ups get $35 Casino Credits + Up to $100 Deposit Match in Casino Credits (w/$5 min dep, 1X PTR)

Sign Up and deposit $10+ to get a Welcome Offer of Site Credits up to $1,000 to Play it Again in MI, NJ, PA & WV based on net loss from your first 24 hours of play. 

Play Social Casinos

Ready to give it a try? Get 10 million coins to play Show Me Vegas Slots with promo code SWITCH!

New players get 60 million coins for signing up! All players will receive 5 million coins free (one time only).

Sign Up and get a Welcome Bonus of 2,000,000 FREE Gold Coins & 2 FREE Sweeps Coins. Get started today!

Sign Up for LuckyLand Slots and get a Welcome Bonus of 7,777 FREE Gold Coins & 10 FREE Sweeps Coins!

Online Game Spotlight
Jinse Dao Dragon Slot Machine

A Different Approach to Collecting Prizes on Reels

88 Drums

Bonus Chasing Game, Especially with Power Bets

Play Online Sportsbooks

Sign Up to get a Bet $5, Get $150 in Bonus Bets if your bet wins!

Use code SWITCH1000 to get your first bet back in Bonus Bets, up to $1,000, if you lose.

​SIGN UP and make a bet of $5+ to get $150 instantly in Bonus Bets!

New Players get a $50 Bonus Bet w/ $5 Deposit Plus No Sweat First Bet Up to $1,000 + All Sport SGP Insurance! New players outside MA also get 20% Match up to $1,000 (25x PTR).

Social Game Spotlight
Lucky Buddha

Multipliers for Multiple Line Hits