Raises the IRS reporting threshold for a single slot machine win to $5,000. Casinos and other payers would only file an information return for slot jackpots at or above this amount.

The threshold will be adjusted for inflation starting in 2027. The change applies to payments made after December 31, 2025. This does not change that gambling winnings are taxable; it only changes when casinos must send a form to the IRS and the winner.