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The requirements vary depending on the type of gambling, but if you have a single win that exceeds a certain amount of money, the gaming establishment will collect certain information from you (such as your Social Security number and a copy of your ID) and will issue you a Form W-2G to document the win.

Going to Vegas? Here's What You Should Know About Taxes if You Win

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Slots are always popular. However, players looking for better odds should try their hand at blackjack or poker, as these can provide a greater return if the right strategy is employed. Playing table games such as roulette and craps can be fun and potentially lucrative if you win big enough.

Guide to Gambling for Beginners in Las Vegas | Gray Line

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