Any income received as a result of a gambling win is subject to federal tax income withholding. Winnings should be reported as a source of income. If you need a new form, you can request a replacement (see below). Be sure to save this form when you receive it. It’s an official tax document issued for individual jackpots and other gaming winnings over a certain amount.

What is a W-2G?Ī W-2G form is a tax form you should receive at the time your winnings are received. If you can’t remember your PIN, you can visit any Players Club desk or self-service kiosk to reset your PIN. You’ll need your WinStar Club Passport account number and PIN. To use the self-service kiosks, to request your win/loss statement, you’ll need to have a valid email address listed on your Club Passport account.Īdditionally, you can visit us online to get a copy of your win/loss statement. If you need assistance using the self-service kiosks, there will be a representative to assist you. By visiting select self-service kiosk banks in either the Beijing or London areas of the casino, you will be able to print a statement right here in the casino.

This year, we have a new and way to get your win/loss statement. In case the IRS audits you, it is important to keep a log detailing your activity throughout the year. Please remember that your win/loss statement is only a reference tool. You are able to claim losses up to the amount of your winnings on Schedule A, Itemized Deductions under “Other Miscellaneous Deductions.” Your wins and losses will be reported separately. The win/loss statement can be useful when reporting additional income or claiming losses. This statement is an annual record of your wins and losses. What is a win/loss statement?Ī win/loss statement is a one-line summary of your coin-in and coin-out for initial tax filing. We want to make sure you’re prepared with everything you need to have your taxes in order well before the April 18 deadline.

Winstar casino winners