Las Vegas people - In an in person Sports Book, do they fill paperwork for higher winnings?

use an offshore one and pay in crypto

Weird- The casinos won't answer over the phone. They say ask in person & bring ID. Will prob make smaller bets of the same thing, going under a potential $600 win.

I have a high payout parlay, where $20 would pay $3,500. I'll prob lose, but think the actual chances are much better than the odds.

I know that if you win over $1,200 at casino games they have you fill out the W2G. I would guess sportsbook is the same but I don't know.

Thanks. I just found out the same $1,200 at a small casino bar. So will make multiple smaller bets accordingly.

What I don't like is, to DEDUCT gambling losses, you have to itemize & have lots of job expenses (where it falls under). And even then, it's only the portion above $2K you can deduct. But likely, you will not be able to deduct anything.

That is how deductions work. You end up with only a portion of it based on taxes. A credit is different story.

Are there any actually reliable online casinos? I don't feel like leaving my home at all.

1200 is for slots. Different games have different rules. Table games is based on multiple of bet. I think sports books are the same. I contract my Sportsbook online so don’t remember the exact rules. I think keno is 1600 less the bet. On slots it’s 1200 but you can’t subtract the bet.

I won 2700 on Keno and they gave me a tax form. But if you get a tax form you can also claim gambling losses to balance it out.
slits you get a form but table games like blackjack and craps you don’t and sport books you don’t pay taxes on those winnings. Not sure exactly why and what the difference is but I won over 3g on the rose bowl and didn’t have to pay anything at MGM grand.

Not true. Blackjack and craps W2Gs are based on the odds not the amount of money. Sports is the same I believe. I think table games are 30 to 1 or 30 for 1. I know there’s some debate which one it is.

Sorry 300:1 and 600 and over for table games and sports betting

1500 for keno after subtracting bet

1200 for slots can’t subtract bet

Yes ones in states that have legalized igaming.

600 is for 1099s.

Your payout is less than 300:1. You won't get any tax forms. Although its still taxable technically.

$1200 is incorrect in Vegas.

And to the OP’s question, the answer is no.