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Developer Response ,

Hi,

When playing slot machines, poker, roulette or sports betting on a gaming platform, players need to be aware of the potential impact of tax evasion - regardless of the type of game, any excess earnings must be reported to the IRS. For example, a single slot machine win exceeding the tax threshold of $1,200 will automatically trigger a W-2G form, while poker tournament winners must list their winnings as ordinary income and may face self-employment tax. The same tax evasion rules apply to profits from sports betting and online baccarat, and players must distinguish between the tax differences between "accidental wins" and "professional betting." Some states will also levy additional local taxes. It is recommended to keep detailed records of wins and losses and consult a tax expert, using the gaming platform's tax filing tools to accurately calculate withholding taxes to avoid legal risks due to underreporting.

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