Do I have to pay taxes on poker winnings in Nevada?

Yes. While Nevada has no state income tax, all gambling winnings (including poker) are subject to federal income tax. You must report gambling winnings as income on your federal tax return.

When do I get a 1099 form for poker winnings?

For poker tournaments, casinos issue a W-2G form when you win $5,000 or more and your winnings are at least 300 times your buy-in. For cash games and online poker, you may not receive a form but are still required to report all winnings.

Can I deduct poker losses in Nevada?

Yes, but only if you itemize deductions. Gambling losses can be deducted up to the amount of your gambling winnings. You cannot deduct losses that exceed winnings. Keep records of all wins and losses.

Is there state tax on gambling winnings in Nevada?

No. Nevada has no state income tax, so there is no state tax on gambling winnings for Nevada residents. You only pay federal income tax on poker winnings.

Nevada Poker Winnings Taxes | What You Need to Know

Nevada Tax Advantage

Nevada has no state income tax, so Nevada residents only pay federal taxes on poker winnings - unlike players in California or other high-tax states.

Federal Taxes on Poker Winnings

All gambling winnings are taxable income at the federal level. This includes:

Tournament poker winnings
Cash game profits
Online poker winnings
Video poker jackpots
Slot machine wins

When You Get Tax Forms

Type of Win	W-2G Issued When
Poker Tournaments	Win $5,000+ AND 300x buy-in
Slot/Video Poker Jackpot	Win $1,200+
Keno	Win $1,500+
Cash Games/Online Poker	Generally no form issued

Important

Even if you don't receive a W-2G, you're still legally required to report all gambling winnings on your federal tax return. The IRS requires reporting of all income.

Deducting Poker Losses

You can deduct gambling losses, but only if you itemize deductions:

Losses can only offset winnings - You can't deduct more than you won
Keep records - Track all wins and losses throughout the year
Documentation - Save receipts, bank statements, app transaction history
Itemize required - Must itemize deductions (not standard deduction)

Record Keeping Tips

Screenshot your wins - The Royal shows your transaction history
Track deposits and withdrawals - PayPal/Venmo keep records too
Note dates and amounts - Keep a simple log or spreadsheet
Save year-end statements - Useful for calculating net win/loss

Professional vs. Recreational

The IRS distinguishes between recreational gamblers and professional gamblers:

Recreational players - Report winnings as "Other Income" on Schedule 1
Professional players - Report on Schedule C, can deduct more expenses

Most players are recreational. Professional status requires poker to be your primary income source with substantial time invested.

The Royal Transaction History

The Royal provides complete transaction history in the app, including deposits, withdrawals, and game results. This makes record-keeping easy for tax purposes.

Consult a Tax Professional

This guide is for general information only. For specific tax advice, consult a qualified tax professional or CPA familiar with gambling income.

Nevada Poker Winnings & Taxes