![]() IRS withholding of taxes on winnings reported on Form W-2G is flat at 24% for the majority of Americans. It can be quite difficult for taxpayers to understand how much gambling winnings are withheld from their paychecks. For example, winnings from slot machines are taxed at a rate of 35%, while winnings from blackjack are taxed at a rate of 25%. The tax rate on gambling winnings varies depending on the amount won and the type of game played. How Much Taxes Do You Pay On Slot Machine Winnings In Oregon?Īll gambling winnings in Oregon are subject to both state and federal taxes. The revenue from the tax is used to support public education in Oregon. ![]() The state taxes the machines at a rate of 35 percent of the gross income from the machines. The machines are owned by the state and operated by the Oregon State Lottery Commission. There are, however, video lottery machines in some bars and taverns in Oregon. ![]() All games of chance are prohibited by the Oregon Constitution. ![]()
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