Slots gambling faces new gambling legislation rules – Film Daily
New federal rules starting January 1, 2026, raise slot reporting thresholds and cap loss deductions at 90 percent of winnings.Summary
Slots gambling is entering a new phase of federal oversight beginning January 1, 2026, driven by the One Big Beautiful Bill Act. The legislation raises the reporting threshold for slot winnings from $1,200 to $2,000 per win, aligning it with sports betting and other casino games, while capping loss deductions at 90 percent of winnings. These changes aim to reduce paperwork for smaller jackpots and ease operational burdens, though they also signal a tighter fiscal stance toward gambling income. The American Gaming Association supports the increase, arguing it reduces unnecessary friction, while tax professionals warn that record-keeping becomes more critical under the new loss deduction cap. In addition to federal changes, states like Pennsylvania are grappling with rulings on electronic skill games, and Virginia and New Jersey are advancing bills to expand regulated iGaming. Meanwhile, the UK is implementing stricter online slot regulations, highlighting a global trend toward harm reduction. Operators and players must adapt to these evolving rules, with the 2026 tax year expected to reveal the full impact of the changes.
(Source：Film Daily)