W.Va. Gambling Parlors To Get Tax Law Reminder

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- The West Virginia Lottery Commission plans to remind video gambling parlors that they must comply with federal tax law regarding customers' winnings.

The West Virginia Association of Club Owners & Fraternal Services claims that some gambling parlors aren't reporting winnings withheld from customers to the internal revenue service.

Lottery director John Musgrave told the Charleston Gazette that letters would be sent to video gambling parlor owners this week reminding them to file proper federal income tax forms.

Federal law requires video gambling parlors to withhold 28 percent of customers' winnings if the payout is $1,200 or more on a single turn.

(Copyright 2010 by the Associated Press. All rights reserved.)


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Linda on Mar 30, 2010 at 09:11 AM
    When did they start requiring the vendors to withhold 28% of the winnings? I've been playing since the machines were put in and have won a handfull of over $1200 winnings. Not one of the vendors ever said anything about withholding. They just give me a W2 for the amount and I report it on my taxes for that year and take care of the tax when I file my taxes.
TheNewsCenter One Television Plaza Parkersburg, WV. 26101 304-485-4588
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 89462327 - thenewscenter.tv/a?a=89462327
Gray Television, Inc.