When I win money in a slot machine in Las Vegas, they don report it to the IRS unless its over $1,200. Why do you report winnings over $600?
The short answer is that the rules for slot machines are different because they are considered games of chance. Your winnings on slot machines (also keno and video poker) are reported on IRS Form W-2G (Certain Gambling Winnings). Because playing on Fleet Street Games is considered a contest rather than gambling, your winnings are reported as contest winnings and are subject to the $600 limitation (see IRS regulations here: www.irs.gov/newsroom/article/0,,id=161511,00.html).
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