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US lawmakers aim to increase reporting threshold for slot winnings

14th May 2019 8:29 am GMT

Congresswoman Dina Titus of Nevada and Congressman Darin LaHood of Illinois have requested that the US Treasury Department increase the reporting threshold for bingo and slot winnings.

In a letter to assistant secretary David Kautter dated May 13th, the lawmakers argue that the current winnings reporting threshold of $1,200 should be increased to take into account inflation, having remained unchanged since its introduction in 1977.

They state that the number of jackpots hitting the threshold has increased [...]

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