We’re thrilled to celebrate your success at MONOPOLY Casino—way to go! Whether your big moment came from a game-winning bet or a lucky spin, we’re here to make sure you have everything you need when it comes to tax reporting and accessing your winnings. Below is some important information to help you understand when certain wins must be reported, how taxes are handled, and where to find your documentation.

Understanding Taxes on Gambling Winnings 

The IRS requires that gambling winnings over certain thresholds be reported through Form W-2G. This form reflects your reportable winnings and any tax withholdings and is typically available by January 31st for the prior year. At MONOPOLY Casino, W-2Gs are generated for individual winning events, not as an annual total. They’re grouped by game type (Casino or Poker) within a 24-hour period but are not consolidated across multiple days or the entire year. If you have multiple qualifying wins, you’ll receive a separate W-2G for each one.

W-2G reportable events:

• Whenever a player has $1,200 or more in gambling winnings from slot machines. 
• Whenever a player has $600 or more in gambling winnings (except winnings from bingo, slot machines, and poker tournaments) and the pay-out is at least 300 times the amount of the wager; or 
• Any other gambling winnings subject to federal income tax withholding.

Casino Winnings 

• If you win $1,200 or more on any online slot game or site-wide jackpot, MONOPOLY Casino is required to report that win to the IRS.
• If your gross winnings from a casino wager are $600 or more and equal at least 300 times your original wager, the win must be reported to the IRS.
• For wins of $5,000 or more, both federal and state taxes are automatically withheld at a federal rate of 24% (state rates may vary).

Eligible players can access their W-2G forms directly under Wallet → W-2G once logged in. 

Please note that MONOPOLY Casino does not typically withhold any portion of your casino winnings for tax purposes.

Tax Withholding Overview – Casino Table “Live or Non-Live” Games

(Roulette, Blackjack, and Baccarat – games that require skill) – winnings must meet a minimum threshold of $600 (minus the wager) AND be at least 300 times the bet.

• $600–$5,000: May be reportable, but no tax is automatically withheld 
• Free bonuses are not deducted from reportable winnings 
• Acceptance of MONOPOLY Casino Terms and Conditions serves as electronic acknowledgment of your W-2G when applicable

You can find more details on gambling winnings and taxes by visiting the IRS website here.

If you’d like a breakdown of your play, our Support Team can provide a Win/Loss statement for any period you request. 

Need help? We’re available 24/7 and here to help!