![]() (B) For keno, the term “reportable gambling winnings” means winnings of $1,500 or more from one keno game reduced by the amount wagered on the same keno game. All winnings received from all wagers made during one bingo game are combined (for example, all winnings from all cards played during one bingo game are combined). (A) For bingo, the term “reportable gambling winnings” means winnings of $1,200 or more from one bingo game, without reduction for the amount wagered. (i) For purposes of this section, the term reportable gambling winnings is defined as follows: (b) Definitions-(1) Reportable gambling winnings. Unless the provisions of paragraph (g) of this section (regarding aggregate reporting) apply, a separate information return is required with respect to each payment of reportable gambling winnings. Every person engaged in a trade or business (as defined in § 1.6041–1(b)) and who, in the course of such trade or business, makes a payment of reportable gambling winnings (defined in paragraph (b)(1) of this section) must make an information return with respect to such payment. § 1.6041-10 Return of information as to payments of winnings from bingo, keno, and slot machine play.
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