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Federal and Michigan Income Tax Withholding Requirements

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Reportable Gambling Winnings

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The Internal Revenue Service (IRS) requires certain gambling winnings to be reported on Form W-2G if:

1.The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine.

2.The winnings (reduced by the wager) are $1,500 or more from a Keno game.

3.The winnings (reduced by wager or buy-in) are more than $5,000 from a poker tournament.

4.The winnings (except winnings from bingo, slot machines, keno and poker tournaments) reduced, at the option of the payer, by the wager are:

a.$600 or more, and

b.At least 300 times the amount of the wager, or

5.The winnings are subject to federal income tax withholding (either regular gambling withholding or backup withholding).

Withholding for Federal Income Tax

There are two types of withholding on gambling winnings:

1.Regular gambling withholding requires payer to withhold 25% of gambling winnings for federal income tax if prize value is greater than $5,000. Regular gambling withholding is figured on the total amount of gross proceeds (the amount of winnings minus the amount wagered), not merely on the amount in excess of $5,000.

a.Noncash payments must be taken into account at its fair market value (FMV) for purposes of reporting and withholding.

2.Backup withholding is required when winner does not furnish a correct taxpayer identification number (i.e., driver's license, social security card, or voter registration) and is withheld at a rate of 28%. Backup withholding is also figured on the total amount of the winnings reduced, at the option of the payer, by the amount wagered. This means the total cash or noncash prize, not just the payments in excess of $600, $1,200, $1,500, or $5,000, is subject to backup withholding at 28%.

Withholding for Michigan Income Tax

Withholding is required for Michigan income tax whenever regular (not backup) federal withholding is required. The withholding requirement applies to all gambling including casinos, race tracks and organizations conducting charitable gambling.

Non-residents

Michigan requires casinos and race tracks to withhold on the gambling winnings of non-residents once the winnings are reported on W-2G. Therefore, non-residents who gamble at casinos or race tracks are subject to Michigan withholding at a lower winnings threshold because federal reporting is triggered at a lower winnings level than federal withholding. Michigan does not require backup withholding.

Withholding Rate

As of October 1, 2012, the Michigan income tax withholding rate is 4.25%. All gambling winnings, including casino, race track and charitable gambling are taxable and must be claimed on a Michigan return even if the winnings are below the reportable level or below the withholding level.

Information Returns

Form W2-G, Statement for Recipients of Certain Gambling Winnings is used to report Reportable Gambling Winnings and the Regular or Backup federal income tax withheld. The payer of gambling winnings is required to file Forms W2-G with the IRS by the last day of February of the year following the year of prize award. Form 1096, 'Annual Summary, and Transmittal of U.S. Information Return,' is used to transmit the Forms W2-G to IRS. Forms are only filed with Michigan Department of Treasury when withholding is required.

Reporting the Federal Tax

Form 945, 'Annual Return of Withheld Federal Income Tax,' is used to report and pay the monies withheld to the IRS. Form 945 is an annual return and is due January 31 of the year following the year in which the taxes are withheld. Be sure to mark the Form 945 checkbox on Form 8109, Federal Tax Deposit coupon.

The federal employer identification number (FEIN or EIN) of the organization conducting the raffle is required to be listed on the Forms W2-G, 1096, and 945. If you have not secured an EIN, you may apply for one on the Form SS-4, 'Application for Employer Identification Number,' available from the IRS.

Reporting the State of Michigan Tax

Organizations that collect Michigan income tax withholding on gambling winnings will need to register with Department of Treasury using Form 518, 'Registration for Michigan Taxes', submit the withholding to the Department of Treasury, as directed by the 'Sales, Use, and Withholding Tax forms and Instructions, form 78, and file an annual return for Sales, Use and Withholding Taxes on form 165. Copies of any federal Form W2-G that report Michigan withholding should be included along with the Michigan form 165.

Contact Information

Both the IRS and Michigan Department of Treasury have requested that Bureau employees not attempt to answer tax questions or provide tax advice. Therefore, any questions regarding tax withholding or reporting requirements must be directed to the appropriate agency using the contact information below.

Internal Revenue Service (IRS)

For forms and information on this subject, see IRS Publication 3079 available online at www.irs.gov or by calling, toll free1-800-829-1040.

State of Michigan Department of Treasury

Information to register for Michigan income tax withholding and obtain forms is available at www.michigan.gov/treasury or by calling the customer service center at (517) 636-6925.

Rev 2012/09

Michigan is a hotbed for legal gambling and ages vary in Michigan's gambling scene. The ages that are required for land-based facilities cross over as the age requirement for online platforms and legal ages range anywhere from 18-21.

Brick and mortar casinos do not offer any online gaming platforms. However, the Michigan Lottery allows residents to purchase lottery tickets on the internet as well as giving them a website that has various games like Keno and Blackjack to gamble on through their site. Sportsbooks will also have mobile and online applications for the legal gambling of sporting events.

If a certain gaming option that interests you is not found through Michigan based internet gambling websites, they can be found through other online outlets. However, the legal age that should be used is the one that pertains to Michigan rather than that of a gaming site not affiliated with the Wolverine State.

What Is The Legal Gambling Age At Casinos In Michigan?

The legal gambling age for casinos in Michigan is anywhere from 18-21. It all depends which games the gambler is interested in playing. These ages are for land-based casinos but they should also be considered the same for internet casinos even though there are no Michigan based online casinos for residents to use. Any one that wishes to gamble with the use of internet casinos still has legal options through other platforms online. These sites require that their members be 18 to play. They are 100% legal for residents in Michigan to use even with their locations being offshore.

Legal Online Casinos For Michigan Residents

Legal online casinos for Michigan residents are located in other countries. While Michigan has legal casino games, they do not currently have any internet casinos for gamblers in the state. However, online casinos that are licensed and regulated to do business are legally allowed to do business with the people of the Wolverine State. These casinos are some of the best in the game. They have plenty of games for their members to play and offer more promotions and bonuses than regular casinos would, land-based casinos included.

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Michigan Sports Betting Sites

Sports betting sites in Michigan will be available to bettors by way of both state and online applications. Each of these platforms will vary in odds, wagers, and everything that they offer their members. Gamblers in MIchigan can shop lines and compare state and international events to find which sportsbooks suit them best. No matter which route sports bettors in Michigan choose (they can become members of both kinds) they are legally within their rights to play on any of these sports betting applications. Ages to join these sites will be either 18 or 21. For Michigan apps the age is 21 but sports betting websites online is 18. With that in mind, 21 would be the age to go with as it’s what the legal age of the state you reside in requires.

What Is The Legal Sports Betting Age In Michigan?

The legal sports betting age in Michigan is 21. Local sportsbooks in the state will implement the sports betting age of 21. Other options for betting on sporting events will be through internet outlets. The legal age for websites like these is 18. But it’s in the best interest of those wanting to gamble on the games to join such sites being 21 or over, as to avoid any trouble by the state down the road.

Legal Sports Betting Sites For Michigan Residents

Legal sports betting sites for Michigan residents are legal both in state and offshore. Each type of sportsbook is completely legal to use for sports bettors statewide. The applications will differ in what types of bets that are offered as well as the events that are covered and payment methods accepted. Offshore internet betting sites allow the people in the Wolverine State to wager on any event as they offer members bets on events that span the globe. Michigan fans into cricket across the pond will be able to gamble on the matches with these sportsbooks such as these.

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Bovada Sportsbook is one of the best out there for residents of Michigan. They have been doing business for decades which allows them to run like a well-oiled machine and the people of Michigan can appreciate that. Their website is easy to navigate with numerous sports betting odds and wagers that span the globe. Customer service is available through a handful of routes as well as numerous deposit and withdrawal methods offerings that make using the site a breeze. New members are entitled to a bonus of a 50% match on their initial deposit up to $250.That’s $250 in free plays that can be used toward any sports bet. When it comes to customer satisfaction, Bovada Sportsbooks definitely puts their members first.

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What Is The Legal Poker Age In Michigan?

The legal online poker age in Michigan is 18. Any person in the Wolverine State that wants to play poker for money only needs to be 18 to participate in the tournaments and online games. Players will be able to find plenty of sources where they are legally allowed to play poker on the internet. These sites are legal to use for the residents of Michigan. Land-based facilities allow 18-year-olds to walk in and gamble on poker but there are no state sites online for the activity. Any one interested in the game will be able to find access to various kinds of legal poker through internet sites.

Legal Poker Sites For Michigan Residents

There are no local poker sites for Michigan residents. Only local casinos accept players in person but no casinos have any internet platforms for their patrons at this time. Instead, any poker fans in the state of Michigan will need to turn to online casino sites. These sites are legal for the people in the Wolverine State to join and play poker for money. Websites will include all kinds of poker, live dealer, and tournament gaming for the sheer love that people have for the game itself.

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What Is The Legal Gambling Age To Bet On Horses In Michigan?

The legal gambling age to bet on the horses in Michigan is 18. Fans of the races can use both Michigan land-based sports betting venues to gamble on the horses as well as both state and online racebooks. The state platforms will likely cover more events that are closer in the area than other sports betting websites. Internet sports betting sites will have horse races that span the globe for big-time horse racing fans. The legal age to use any of these platforms in Michigan is 18.

Horse Betting Sites For Michigan Residents

Horse betting sites for Michigan residents are extremely convenient for fans of horse racing. Betting with the use of internet websites is not only convenient but beneficial to sports bettors. State sites will allow gamblers to wager on numerous events. Internet betting sites have both live-in race betting as well as global coverage of races. Online race betting websites also offer their members a plethora of bonuses and promotions that allow them freeplays that can be wagered on the ponies. That’s definitely a plus as gamblers get to wager for free at the chance of winning real money because of these bonuses.

How Old Do I Have To Be To Play The Lottery In Michigan?

In order to play the lottery in Michigan, residents only have to be 18 years old. The Michigan Lottery has an online platform for gamblers to use. Their internet website has many different games available for bettors to participate in. Purchasing tickets for the lottery can be done on the internet and being 18 or older allows people in the state the opportunity to open an account and take part in the lottery itself and other offerings listed on their website.

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What Is The Legal Gambling Age For DFS In Michigan?

The legal gambling age for Daily Fantasy Sports (DFS) in Michigan is 21. There is no set law for DFS in the Wolverine State but there is a legal age to engage in the activity. Many different outlets are available for residents in Michigan that are 21 and over to play and wager on DFS. While offshore internet gambling sites only require their members to be 18, it is best to abide by the legal age of 21 in Michigan before trying to gamble on Daily Fantasy Sports.

Online Bingo For Michigan Residents

If you are a bingo fan, you may participate in this game online. Online bingo is subject to the same regulations as life bingo. You have to be 18 years old in order to start playing bingo online. The legal gambling ages in the state govern this game online as much as they do offline, so do not attempt to violate the law.

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