Congress Reintroduces SLOT Act to Raise Slot Machine Tax Reporting Threshold

Congress Reintroduces SLOT Act to Raise Slot Machine Tax Reporting Threshold

In a bid to modernize outdated tax regulations in the gaming sector, Congresswoman Dina Titus (D-NV) and Congressman Guy Reschenthaler (R-PA), co-chairs of the bipartisan Congressional Gaming Caucus, have reintroduced the Shifting Limits on Thresholds (SLOT) Act. This proposed legislation seeks to raise the reporting threshold for winnings on slot machines from $1,200 to $5,000 and index it to inflation.

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