Over $1,200 on bingo and/or slot machines.The thresholds vary depending on the type of gambling winnings. They are also obligated to give you a prefilled Form W-2G. If you finish at the casino or card room or horse track with some gambling winnings above a certain thresholds, the establishment is required to report the results to the IRS. What to Do if You Do Not Receive a W-2G Form in California? It is important to save and file this form. This generates a pre-filled document for the IRS known as Form W-2G which will list the winnings and whether you had to withhold income taxes, and if so, how much. How to Claim and Report California Gambling Winnings for TaxesĪny time you have significant gambling winnings in the state of California, the casino, track, card room or California sports betting apps, you are legally obligated to report it to the IRS. Here are the 2023 rates for single residents or married residents that file separately:Īnd here are the rates for married couples filing joint returns: What are the Gambling Tax Rates in California?Ĭalifornia has a graduated income tax. Players are obligated to report them on both their federal income tax returns and state tax return. Yes, gambling winnings are taxable in California. Are Gambling Winnings Taxable in California?
