SLOT Act of 2025

The Shifting Limits on Thresholds Act of 2025, also known as the SLOT Act, seeks to amend the Internal Revenue Code of 1986 by increasing the information reporting threshold for slot machine winnings. This legislation proposes that casinos would only be required to report winnings from a single slot machine play if the amount is at least $5,000 . This new threshold represents a significant increase from the current reporting requirement. Additionally, the bill mandates that the $5,000 amount will be adjusted for inflation in calendar years beginning after 2026, with adjustments rounded to the nearest $100. These provisions are scheduled to apply to all payments made after December 31, 2025.