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Are casino prize giveaways 1099-reportable?
December 19, 2024
Q. I am an AP manager for a hotel/casino. We hold sweepstakes where a customer can win gift cards or free slot play. We have done this in the past with cash and have given 1099s to the cash winners. If we give a gift card of $600 or over do we need to send a 1099 to that guest?
Second question - if a guest signs up for our loyalty program they can earn giveaways such as toasters, chairs, etc. Are giveaways that a guest earns subject to a 1099 if over $600?
A.
(Answered by IOFM's third-party tax…
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