Draft guide
Gambling losses and taxes
A win/loss statement is the club’s tally of your rated play. It is not a tax return. MGM’s own note in the research file says the MGM win/loss statement is not an official tax document. That wording is marked confirmed for the online path.
This page is not tax advice. It does not state a percentage of losses you can deduct. Deduction rules are specific, they change, and they depend on the rest of a return. Ask a tax professional before you use any figure from a statement.
What a win/loss statement shows
On the MGM layout we have, slot win/loss is coin out plus jackpots minus coin in. A negative number is a loss on that line. W-2G handpays sit in the jackpot column. Self-pay W-2G amounts sit in coin out. Those are column definitions from the example file, not tax categories.
Coin-in is the amount wagered, not your net. It can sanity-check a slot theo. It is not, by itself, a deduction.
What to verify
Whether your club’s statement is accepted as support for a loss, how W-2G income is reported, and whether a particular year is open on your return are questions for a tax professional and the current form instructions. They are not answered here.
Caesars, Choctaw, and the cruise clubs each describe a different way to request a statement. Those methods are on the club pages, with the label from the file. A method that is missing is marked unknown, not filled in.
Published thresholds and the column glossary above are the free tier. The next rows of a worked offer table are blurred on the club pages.
Members, coming soon
The worked tables are Insider
Tier names on this page stay free. Reported offers at a tier stay locked until you submit a statement. Deeper member tools are coming soon. Nothing is charged, and no price is shown.
Questions
- Does this site tell me what percentage of gambling losses I can deduct?
- No. It does not state a deduction percentage. Rules change and they depend on your return. This page is not tax advice.
- Is the example statement someone’s tax record?
- No. It is an anonymized activity summary used to show the columns. It is not a return and not a portrait of a typical player.