Q
What is a W-2G?
A
W-2G is a form issued to US Citizens and Residents and reported to the Internal Revenue Service (IRS) for winnings described below:
- Individual slot machine jackpot of $1,199.99 USD or more
- Bingo session win totaling $1,199.99 USD or more
- Single table game payout carrying odds over 300 times the wagered amount
- Win a Lotto amount exceeding $599.00 USD but less than $5,000.00 USD
