IRS Abandons Ridiculous Gambling Tax Hike

American Gaming Association (AGA) President and CEO Geoff Freeman released the following statement after the Internal Revenue Service (IRS) today released its final regulation on its 2015 proposal for tax reporting of slot winnings. “Today’s final IRS regulation is a big win not only for gaming companies and millions of casino visitors, but also for state and local governments who would have received fewer gaming tax dollars as a result of what would have been burdensome federal requirements,” said Freeman. “Our grassroots campaign mobilized thousands of casino customers, members of Congress from 11 states urged restraint and compelling research demonstrated…