I just wanted to pass this one along. I'm starting on the 2012 taxes and many of the casinos now have downloadable win/loss statements. Anyway, my wife hit a $2,000+ progressive at The Cal and I hit a $1,250 4oak, both with the same card in the machines. According to my records we did lose about $300 at The Cal on the same card. Anyway the win/loss statement shows a yearly loss of -$505. Which would be close to a $4,000 loss after adding in the two hand pays and W2gs. Now before you speculate my wife is secretly losing more, it's not true. I know win/loss statements are not valid for an audit, but in this case, if I got audited it would back up the gambling log. We report W2gs almost every year for the last 20 years and losses to offset the winnings and have never been audited. But I do keep good records. Just passing this along. If they can error in my favor, it could go against you also.