If you bet $1 and win $1500 it is a non W2G $1499 win for Keno. The clip
below is from the 2008 IRS.
The winnings (reduced by the wager) are $1,500 or more tournaments) for
federal income tax. This is referred to as from a keno game,
The winnings (not reduced by the wager) are $1,200 or more otherwise noted.
from a bingo game or slot machine,
5-card
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From: vpFREE@yahoogroups.
brumar_lv
Subject: [vpFREE] Indian Casinos and Tax Withholding
Do the same rules apply as in LV? That is, W2G monies withheld if a
win exceeds 1200? I visited an Indian casino in Seattle yesterday and
witnessed a $1500 win, but nothing was withheld. The winner didn't
even have to provide their name or any ID. The game was paper Keno.
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