Casino Win/Loss Statement Guide
Win/loss statements are the casino's record of your total wagering activity — and one of the primary documents AP players use for year-end record keeping. Understanding what they contain, how to get them, and what they can and cannot do is important for any player managing multiple casino accounts and tracking AP performance over time.
Note: This article provides general information only. Consult a qualified tax professional for advice specific to your situation. Tax laws and IRS treatment of gambling records change — nothing here constitutes tax advice.
What Win/Loss Statements Contain
- Total coin-in: Sum of all bets made with card tracked, for the reporting period
- Total coin-out: Sum of all credits returned, for the reporting period
- Net win/loss: Coin-out minus coin-in = your net result for the period
- Date range: Typically the prior calendar year; some provide monthly or quarterly breakdowns
- Property breakdown: Multi-property programs (Caesars, MGM) may show activity by individual property
- Statements do not include play made without your card, cash transactions, or play at properties where you have no account
January Checklist: At the start of each new year, request win/loss statements from every active casino account before the prior year data is archived or purged. Major programs (Caesars, MGM, Penn) keep statements available for several years, but smaller casinos may have limited retention periods. Request statements early even if you are unsure you will need them.
Requesting Win/Loss Statements
- Online: Caesars Rewards, MGM Rewards, mychoice, and most major programs provide statements through the account portal — log in and look for player history or tax documents
- In person: Players club desk; bring photo ID and players club card; some casinos require in-person request
- Phone: Players club phone line; have your account number ready
- Mail: Some casinos mail statements to your address on file in January; ensure your address is current
Supplementing Casino Statements with Personal Records
Casino statements cover only card-tracked play. AP players should maintain personal session logs regardless:
- Date and casino for each session
- Cash-in and cash-out amounts
- Free play deployed (value, not just credits)
- Net result per session
- Estimated coin-in per session (bet per spin × spin count)
Personal records combined with casino win/loss statements provide the most complete documentation. A tax professional specializing in gambling income can advise on the appropriate documentation approach.
Access all 150+ machine guides with coin-in rate data — useful for estimating session coin-in when completing your personal gambling records.
View Membership OptionsFrequently Asked Questions
What is a casino win/loss statement?
A casino win/loss statement is a document issued by the casino showing your total coin-in (amount wagered), coin-out (amount returned), and calculated net win or loss over a period — typically the prior calendar year. Casinos generate these statements from players club card data: all play tracked by your card is aggregated to produce the statement. Win/loss statements are commonly requested for tax documentation purposes. They are generally available at the players club desk or through the casino website for active members with sufficient card-tracked play history.
How do you request a win/loss statement from a casino?
Request win/loss statements in person at the players club desk (bring photo ID and your players club card), through the casino website under account settings or player history, or by calling the players club phone line. Some casinos require you to request in person only. Statements typically cover the prior calendar year and are available between January and April of the following year. Some programs provide rolling 12-month or multi-year statements. At major programs like Caesars Rewards and MGM Rewards, statements are accessible online through your account portal.
Are casino win/loss statements accepted for tax purposes?
This depends on how the IRS and your tax preparer handle gambling documentation. Casino win/loss statements are not official IRS documents — they are casino-generated records. Many tax professionals use them as supporting documentation for gambling loss deductions on Schedule A, alongside personal records (session logs). The IRS has accepted casino statements as corroborating evidence in some cases but has not uniformly treated them as sufficient on their own. Consult a tax professional who handles gambling income for guidance specific to your situation. This is not tax advice.
Do win/loss statements cover all play or only card-tracked play?
Win/loss statements only cover play tracked by your players club card. Any session played without your card inserted — or at any casino where you do not have an account — is not recorded in the statement. This is one of many reasons to always play with your card inserted: beyond the loyalty program value, every tracked session contributes to your win/loss record. AP players who play at 10+ casinos should request statements from every active casino account, not just their primary property, to have comprehensive records.
Why do casino win/loss statements often show large amounts despite small actual losses?
Casino win/loss statements report total coin-in (all money wagered) and total coin-out (all money returned), with net win/loss as the difference. Because of recycling — winning and re-betting winnings — total coin-in is typically many times larger than the initial buy-in. A player who starts with $100, wins and re-bets extensively over several hours, and exits with $50 may have generated $2,000+ in coin-in. The statement shows $2,000 coin-in, $1,950 coin-out, net loss $50 — which accurately reflects the activity but appears large relative to the $100 starting bankroll.
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