Minnesota Casino Enthusiasts Rejoice Over New $2,000 Winnings Threshold

If casinos are your playground, then buckle up because your winnings just got even sweeter in Minnesota. As the year kicks off, Minnesotans are celebrating a change that lets them keep more of their casino spoils before having to share the news with the government. Thanks to a new threshold, you can now win more before Uncle Sam wants a slice of the pie.

Higher Jackpot Threshold for Reporting

When you hit the jackpot at the casino, there's always that bittersweet moment knowing Uncle Sam and the State of Minnesota will want their share. But here's the scoop for 2026: the threshold for when the government gets notified of your winnings has risen, giving you more breathing room.

Treasure Island Casino shared the exciting news that the amount you need to win before reporting it on your taxes has increased this year. Previously, $1,200 or more in winnings would trigger a W-2G form. Now, that threshold is a more generous $2,000.

“Thanks to the One Big Beautiful Bill Act passed in 2025, jackpot thresholds for games like Bingo, slot machines, and Keno have increased from $1,200 – or sometimes $1,500 – to $2,000," explained Paul Shea of TSM.

From $1,200 to $2,000

This delightful change comes courtesy of the One Big Beautiful Bill Act, a 2025 legislative move that upped the ante for winning jackpots. Games like Bingo, slot machines, and Keno (in some states) now boast a $2,000 threshold, with expectations for this figure to rise alongside inflation.

For those who enjoy the thrill of the Minnesota State Lottery, including scratch-offs, Powerball, and Mega Millions, remember that the reporting threshold here remains at $600.

If you have questions about gambling winnings, the Minnesota Department of Revenue and the IRS are your go-to sources. Plus, if you're looking for more local buzz, don't miss out on the latest deals and happenings around town, from exploring St. Cloud's hidden gems to a virtual tour of Sauk Centre's stunning murals. Stay informed and keep that lucky streak going!