Under the proposal, a player would have to win at least one jackpot worth $1,200 or more and still have won at least $1,200 after accounting for any losses and wins during a session. It defines a session as the time from a player's first bet to their last within a calendar day.
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The industry says the change would create more work and cost more to implement.
In its comments to the IRS, the American Gaming Association also noted no customers will want to sign up for loyalty cards -- among a casino's most valuable marketing tools -- if they fear the IRS is watching their transactions.
Plus, the loyalty cards offer only an estimate of how much a player has won or lost, the group said. And there's the opportunity for cards to be used by other people or left in devices for unsuspecting players to rack up wins and losses. Jackpots hit by those players could create a quagmire in terms of who owes what to the IRS.
A public hearing in Washington, D.C., is scheduled for June 17.
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