What the New Tax Law Changes for Slot Machine Players

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Slot machine players just caught a break. The tax law that President Donald Trump signed in early July — the One Big Beautiful Bill Act — quietly raised the federal tax reporting threshold for slot winnings from $1,200 to $2,000. This is the first increase to the threshold since 1977, according to TheStreet. The new threshold only applies to slot machines. Table games, sports betting…

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