The SLOT Act of 2025 would raise the threshold for reporting slot machine winnings to the IRS from current levels to $5,000 per single play. Currently, casinos must report all significant slot machine payouts, but this bill would eliminate the reporting requirement for winnings under $5,000, meaning smaller jackpot winners would not be tracked by federal tax authorities. The change would take effect on January 1, 2026, and the $5,000 threshold would automatically increase each year after 2026 to account for inflation, rounded to the nearest $100. The bill affects casinos and gambling establishments across the country, as well as slot machine players and tax compliance, though supporters argue it reduces reporting burdens while critics may raise concerns about tax enforcement.
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