{"id":1482,"date":"2020-05-22T08:14:02","date_gmt":"2020-05-22T08:14:02","guid":{"rendered":"https:\/\/www.casinousa.com\/?p=1482"},"modified":"2020-05-22T08:14:02","modified_gmt":"2020-05-22T08:14:02","slug":"aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting","title":{"rendered":"AGA Calls On Trump To Lift Threshold For Jackpot Reporting"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg\" alt=\"American Gaming Association\" title=\"AGA Calls On Trump To Lift Threshold For Jackpot Reporting\" width=\"300\" class=\"alignleft size-full wp-image-712\" \/>Leaders from the gambling industry are seeking to raise the threshold for reporting on <a href=\"https:\/\/www.casinousa.com\/games\/bingo\">bingo<\/a> and <a href=\"https:\/\/www.casinousa.com\/games\/slots\/real-money-slots\">slot machine jackpots<\/a>, arguing that the current $1,200 threshold is obsolete. The gambling industry hopes to achieve their goal by appealing to the Trump Administration.<\/p>\n<p>The <a href=\"https:\/\/www.casinousa.com\/news\/aga-responsible-gaming-survey-shows-interesting-numbers\">American Gaming Association<\/a> (AGA) contends that raising the $1,200 threshold for jackpot reporting which has remained the same since 1977 could help the casino industry. Jackpots have risen with inflation in the last few decades.<\/p>\n<p><strong>Bill Miller<\/strong>, the CEO of AGA, stated that such a change would be in line with the Trump Administration\u2019s goal to reveal reform opportunities that would help drive up economic growth and job creation in the aftermath of the COVID-19 pandemic.<\/p>\n<p>According to Miller, the casino industry has been in an economic freefall since the mid-March shutdowns prompted by the COVID-19 pandemic. <a href=\"https:\/\/www.casinousa.com\/news\/michigan-and-massachusetts-decide-to-extend-covid-19-casino-closures\">More than 1,000 casinos have shut down across 43 states<\/a>, and only some have reopened in the last week.<\/p>\n<p><strong>8 News NOW Las Vegas<\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/KkzMqBdbKI0?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Advocates for the gambling industry state that the $1,200 threshold is too small after inflation, and that the requirement to report all jackpots that reach that amount is a burden on operators. <\/p>\n<p>Miller has long spoken for the necessity of raising the jackpot reporting threshold. The AGA encouraged the Department of Treasury more than a year ago to update the threshold in line with inflation.<\/p>\n<h2 id=\"irs-will-also-benefit-from-changes\">IRS Will Also Benefit from Changes<\/h2>\n<p>Federal regulation states that, when a jackpot win of $1,200 or more is logged by a machine, the machine is taken out of commission until the time the winning player is able to accomplish a <a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-form-w-2-g\">W-2G tax reporting form<\/a>. <\/p>\n<p>According to Miller, this is an excessive burden, both to the gambling industry, as well as the <strong>Internal Revenue Service<\/strong> (IRS). By increasing the threshold, says Miller, the IRS can conserve its enforcement resources on players who are likely to have net winnings at the end of the year, as well as reduce the interaction between players and employees during the filling out of tax forms.<\/p>\n<p>According to Miller, the raising of the threshold is long overdue, and is backed by both sides of the aisle at Congress. Due to COVID-19 pressuring the gambling industry, the issue becomes more important to address without any further delay. <\/p>\n","protected":false},"excerpt":{"rendered":"Leaders from the gambling industry are seeking to raise the threshold for reporting on bingo and slot machine jackpots, arguing that the current $1,200 threshold is obsolete. The gambling industry hopes to achieve their goal by appealing to the Trump Administration. The American Gaming Association (AGA) contends that raising the $1,200 threshold for jackpot reporting [&hellip;]","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,5],"tags":[],"class_list":["post-1482","post","type-post","status-publish","format-standard","hentry","category-news","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AGA Calls On Trump To Lift Threshold For Jackpot Reporting<\/title>\n<meta name=\"description\" content=\"Leaders from the gambling industry are seeking to raise the threshold for reporting on bingo and slot machine jackpots, arguing that the current $1,200 threshold is obsolete.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AGA Calls On Trump To Lift Threshold For Jackpot Reporting\" \/>\n<meta property=\"og:description\" content=\"Leaders from the gambling industry are seeking to raise the threshold for reporting on bingo and slot machine jackpots, arguing that the current $1,200 threshold is obsolete.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting\" \/>\n<meta property=\"og:site_name\" content=\"CasinoUSA News\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Casino-USA-104026568947093\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-22T08:14:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg\" \/>\n<meta name=\"author\" content=\"Jayson Peter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@JaysonPeter5\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jayson Peter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting\",\"url\":\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting\",\"name\":\"AGA Calls On Trump To Lift Threshold For Jackpot Reporting\",\"isPartOf\":{\"@id\":\"https:\/\/www.casinousa.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg\",\"datePublished\":\"2020-05-22T08:14:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.casinousa.com\/news\/#\/schema\/person\/e3e8e1641746dc0f73d621b0c2302e89\"},\"description\":\"Leaders from the gambling industry are seeking to raise the threshold for reporting on bingo and slot machine jackpots, arguing that the current $1,200 threshold is obsolete.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting#primaryimage\",\"url\":\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg\",\"contentUrl\":\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg\",\"width\":380,\"height\":250,\"caption\":\"American Gaming Association\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casinousa.com\/news\/#website\",\"url\":\"https:\/\/www.casinousa.com\/news\/\",\"name\":\"CasinoUSA News\",\"description\":\"Just another CasinoUSA Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casinousa.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casinousa.com\/news\/#\/schema\/person\/e3e8e1641746dc0f73d621b0c2302e89\",\"name\":\"Jayson Peter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casinousa.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5d92b0dd5630d5a4bf029dd6ef8a6b73eb68c2578a6f7ab24ba053ce65ef1ee3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5d92b0dd5630d5a4bf029dd6ef8a6b73eb68c2578a6f7ab24ba053ce65ef1ee3?s=96&d=mm&r=g\",\"caption\":\"Jayson Peter\"},\"description\":\"Hi all! My name is Jayson Peter, and I am the Chief Editor here at Casino USA. I have always been a huge fan of casinos, but I noticed that there are not a lot of websites out there that discuss the gambling industry in enough detail, so that\u2019s how the idea for CasinoUSA.com was born. With my extensive knowledge of the industry and the help of my team, I am ready to give you an insight into the exciting world of casino gambling in the United States.\",\"sameAs\":[\"https:\/\/www.facebook.com\/Casino-USA-104026568947093\",\"https:\/\/www.instagram.com\/casinousa\/\",\"https:\/\/www.linkedin.com\/in\/jayson-peter-111a05259\/\",\"https:\/\/www.pinterest.co.uk\/casinousa\/\",\"https:\/\/x.com\/JaysonPeter5\"],\"url\":\"https:\/\/www.casinousa.com\/news\/author\/jayson-peter\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AGA Calls On Trump To Lift Threshold For Jackpot Reporting","description":"Leaders from the gambling industry are seeking to raise the threshold for reporting on bingo and slot machine jackpots, arguing that the current $1,200 threshold is obsolete.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting","og_locale":"en_US","og_type":"article","og_title":"AGA Calls On Trump To Lift Threshold For Jackpot Reporting","og_description":"Leaders from the gambling industry are seeking to raise the threshold for reporting on bingo and slot machine jackpots, arguing that the current $1,200 threshold is obsolete.","og_url":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting","og_site_name":"CasinoUSA News","article_author":"https:\/\/www.facebook.com\/Casino-USA-104026568947093","article_published_time":"2020-05-22T08:14:02+00:00","og_image":[{"url":"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg","type":"","width":"","height":""}],"author":"Jayson Peter","twitter_card":"summary_large_image","twitter_creator":"@JaysonPeter5","twitter_misc":{"Written by":"Jayson Peter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting","url":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting","name":"AGA Calls On Trump To Lift Threshold For Jackpot Reporting","isPartOf":{"@id":"https:\/\/www.casinousa.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting#primaryimage"},"image":{"@id":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting#primaryimage"},"thumbnailUrl":"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg","datePublished":"2020-05-22T08:14:02+00:00","author":{"@id":"https:\/\/www.casinousa.com\/news\/#\/schema\/person\/e3e8e1641746dc0f73d621b0c2302e89"},"description":"Leaders from the gambling industry are seeking to raise the threshold for reporting on bingo and slot machine jackpots, arguing that the current $1,200 threshold is obsolete.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casinousa.com\/news\/aga-calls-on-trump-to-lift-threshold-for-jackpot-reporting#primaryimage","url":"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg","contentUrl":"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/06\/american-gaming-association.jpg","width":380,"height":250,"caption":"American Gaming Association"},{"@type":"WebSite","@id":"https:\/\/www.casinousa.com\/news\/#website","url":"https:\/\/www.casinousa.com\/news\/","name":"CasinoUSA News","description":"Just another CasinoUSA Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casinousa.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casinousa.com\/news\/#\/schema\/person\/e3e8e1641746dc0f73d621b0c2302e89","name":"Jayson Peter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casinousa.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5d92b0dd5630d5a4bf029dd6ef8a6b73eb68c2578a6f7ab24ba053ce65ef1ee3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5d92b0dd5630d5a4bf029dd6ef8a6b73eb68c2578a6f7ab24ba053ce65ef1ee3?s=96&d=mm&r=g","caption":"Jayson Peter"},"description":"Hi all! My name is Jayson Peter, and I am the Chief Editor here at Casino USA. I have always been a huge fan of casinos, but I noticed that there are not a lot of websites out there that discuss the gambling industry in enough detail, so that\u2019s how the idea for CasinoUSA.com was born. With my extensive knowledge of the industry and the help of my team, I am ready to give you an insight into the exciting world of casino gambling in the United States.","sameAs":["https:\/\/www.facebook.com\/Casino-USA-104026568947093","https:\/\/www.instagram.com\/casinousa\/","https:\/\/www.linkedin.com\/in\/jayson-peter-111a05259\/","https:\/\/www.pinterest.co.uk\/casinousa\/","https:\/\/x.com\/JaysonPeter5"],"url":"https:\/\/www.casinousa.com\/news\/author\/jayson-peter"}]}},"_links":{"self":[{"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/posts\/1482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/comments?post=1482"}],"version-history":[{"count":0,"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/posts\/1482\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/media?parent=1482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/categories?post=1482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casinousa.com\/news\/wp-json\/wp\/v2\/tags?post=1482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}