When does the law require you give your SSN?

21forme

Well-Known Member
#1
Suppose you drop a coupon in a bin and they draw names every 15 minutes for $1000 prize. Does the law require you give your SSN for $1000 in this case? If not, can the casino withhold your prize if you refuse to give it?

I know it's $1200 for slots and I'm familiar with CTRs. Does a drawing like this fall into its own category?
 

cardcounter0

Well-Known Member
#2
Suppose you drop a coupon in a bin and they draw names every 15 minutes for $1000 prize. Does the law require you give your SSN for $1000 in this case?
No.

If not, can the casino withhold your prize if you refuse to give it?
I suppose the casino could refuse to give you your prize. Hopefully there is a Gaming Commission you can complain to if they do. Is that what you mean?
If you meant, can the casino refuse to give you your prize if they are required to get your SSN and you refuse to give it, they simply withhold the MAXIMUM amount and give you less, they don't keep the entire prize.

I know it's $1200 for slots and I'm familiar with CTRs. Does a drawing like this fall into its own category?
Several. Take your pick:

1. Slot machines and Bingo - payouts of $1,200 or more are reported to the IRS, but there is no withholding taken out.

2. Keno - similar to slots, but the amount won must be at least $1,500 (25% withholding if over $5,000).

3. Sweepstakes, Wagering Pools, and Lotteries - withholding is taken out of all winnings of more that $5,000.

4. Pari-mutual pools, including horse and dog races - subject to withholding, but only if the winnings are both more than $5,000 and at least 300 times as large as the amount bet.

5. Poker Tournaments
$5,000 in winnings, reduced by the amount of the wager or buy-in, from each poker tournament
 
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