WITHHOLDING OF WINNINGS AT DETROIT CASINOS

Large Wins: For slot machine wins that exceed $5,000 and are more than 300 times your initial bet, the casino will usually withhold 24% for

The tax that is paid on winnings from any form of gambling is covered by Section 194B of the Income Tax Act Any winnings that a person is

slot cilinder vervangen The withholding rate is 5 percent Reporting is required for slot machine winnings of $1,200 or more and pari-mutuel winnings of $600 or more, provided that the

lucky cola slot For slot machine play, the term “reportable gambling winnings” means winnings of $1,200 or more from one slot machine play, without reduction for the amount