Gambling Taxes: Withholding Might Be Required But if your bet was just a friendly wager with a friend or you won an office pool … well, don't count on it. In any event, if your bet was with a casino, we're fairly certain you'll get the W-2G. Otherwise, for 2022 winnings, the payer must send the form to you by January 31, 2023. In some cases, you'll get the W-2G on the spot. If you don't have a SSN, then you'll need a taxpayer identification numbe (TIN).
If a W-2G is required, the payer (sports betting parlor, casino, racetrack, lottery, etc.) will need to see two forms of identification. Your reportable winnings will be listed in Box 1 of the W-2G form. The payout doesn't have to be 300 times the wager for these types of winnings). Generally, you'll receive an IRS Form W-2G if your gambling winnings are at least $600 and the payout is at least 300 times the amount of your wager. Taxes on Gambling Winnings: You Might Get a Form W-2G
