What is a Casino Win/Loss Statement and What Does it Do

Gamblers love to use casino win/loss statements because it is easy. Just report the amounts from the casino win/loss statements. No muss, no fuss. No record keeping hassles. You’re done. Unfortunately, it doesn’t work that way. Can I use a casino win/loss statement,to show my losses? I have heard conflicting stories about the IRS allowing a win/loss statement from the casino. If that's all I have for record keeping, will the IRS disallow the losses? 0 12,555 Reply. xmasbaby0. Level 15 ‎May 31, 2019 7:16 PM. Mark as New; Bookmark A win/loss statement is a one-line summary of your coin-in and coin-out for initial tax filing. This statement is an annual record of your wins and losses. Why do I need a win/loss statement? The win/loss statement can be useful when reporting additional income or claiming losses. You are able to claim losses up to the amount of your winnings on Schedule A, Itemized Deductions under “Other What a Win/Loss Record Provides. The way each casino handles this varies widely, but the general concept is the same – how much did you win or lose on slots, and how much did you win or lose on table games. This data is generally presented in a calendar year format on an annual basis. Some are mailed, some are available online through casinos’ online portals, and some (mostly at smaller or Home > Casino > Win/Loss Statements & Tax Forms. WIN/LOSS STATEMENTS. If you would like to receive a year-end win/loss statement for taxes of your gaming activities, please visit our Players Club, open 24 hours a day, and your statement will be provided for you. You may also contact us by email at [email protected] or by phone at 760-291-5507 with the following information and we The win/loss statement is a document that reflects your carded play for one year in our system. A win/loss statement is only an estimate, depending on the usage of the Players Club card, and only shows carded machine play. REQUEST FORM To our guests who have requested new copies of their tax documents, including W2G forms, 1099 copies or detail, 1042S and Win/Loss Statements. Be advised that, due to the current health crisis regarding the COVID 19 Virus, we are not able to access our computer systems from off site. Fortunately, the US Government has granted a 90-day extension for the filing of Request for Win/Loss Statement Attn: Randi Graham-Player Relations Supervisor 777 Casino Road P.O. Box 418 Mahnomen, MN. 56557 [email protected] [...]Read More... Click Win/Loss and select the desired dates. Win/Loss Statement can be printed by selecting Print; Win/Loss values may take up to one hour to update; Please be advised Win/Loss statements generated from the site will only display data for the past 6 months. If you need a full year Win/Loss statement, please contact Player Support at 1-800-986

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