Table games winnings tax in New Mexico
New Mexico taxes table game winnings as ordinary income at graduated rates from 1.5% to 5.9%.
Updated · 2026 tax rules · How we calculate
You keep
$4,165
Cash at payout
$5,000
Total tax
$835
Due when you file
$835
- Form W-2G
- No
- Federal withholding at payout
- $0
- Federal tax on the winnings
- $600
- State tax
- $235
- Still to pay when you file
- $835
- You keep
- $4,165
Table games winnings are not reported on a W-2G. They are still taxable, and you report them yourself.
Table games winnings aren't subject to regular federal withholding, whatever the amount. Tax is still owed when you file.
Winnings are ordinary income stacked on your other $60,000. Your top dollar lands in the 12% bracket.
New Mexico taxes gambling winnings as ordinary income.
Tax owed ($835) minus what was withheld ($0). Set this aside. A large balance can also mean an underpayment penalty unless you make an estimated payment.
$5,000 minus $835 in federal and state tax: an effective rate of 16.7%.
An estimate for 2026, not tax advice. It treats this win as your only gambling income for the year and leaves out local income taxes. Nothing you enter leaves your browser.
The rules
- New Mexico tax
- New Mexico taxes table game winnings as ordinary income at graduated rates from 1.5% to 5.9%.[1]
- Federal tax form
- Casinos generally don't issue a W-2G for blackjack, craps, roulette or baccarat winnings. They are still fully taxable, and you report them yourself.[2]Unverified
- Federal withholding
- Table game winnings aren't subject to regular gambling withholding in practice.[2]Unverified
- New Mexico withholding
- No New Mexico withholding requirement for table game winnings. Tax is due when you file.[3]
- Gambling losses
- Gambling losses count only through your federal itemized deductions, which New Mexico copies from your Form 1040, so the 90% limit carries over.[4]
- Visitors
- New Mexico taxes nonresidents on table game winnings won there, so visitors may need to file a nonresident return.[5]
- Where to play
- New Mexico has casinos.[6]
What you keep at different amounts
For a single filer with $60,000 of other income and no gambling losses, living and winning in New Mexico.
| Won | Form | Withheld | Federal tax | State tax | You keep |
|---|---|---|---|---|---|
| $1,500 | No | $0 | $180 | $71 | $1,250 |
| $2,000 | No | $0 | $240 | $94 | $1,666 |
| $5,000 | No | $0 | $600 | $235 | $4,165 |
| $10,000 | No | $0 | $1,550 | $470 | $7,980 |
| $100,000 | No | $0 | $22,114 | $4,855 | $73,031 |
Questions
- How much is New Mexico tax on table game winnings?
- New Mexico taxes table game winnings as ordinary income at graduated rates from 1.5% to 5.9%.[1]
- Does New Mexico withhold tax from table game winnings?
- New Mexico has no withholding requirement for table game winnings. Tax is due when you file.[3]
- Do visitors pay New Mexico tax on table game winnings?
- New Mexico taxes nonresidents on table game winnings won there, so visitors may need to file a nonresident return.[5]
More for New Mexico
All of New Mexico's gambling tax rules · Table games in every state
Sources
- [1] Tax Foundation, State Individual Income Tax Rates and Brackets, 2026 · checked September 22, 2026
- [2] IRS, Instructions for Forms W-2G and 5754 (01/2026) · checked September 22, 2026
- [3] FYI-104 New Mexico Withholding Tax (Rev. 11/2025, effective Jan 1, 2026) · checked September 22, 2026
- [4] 2025 PIT-1 Instructions, Line 12 · checked September 22, 2026
- [5] 2025 PIT-B Instructions, Line 7 · checked September 22, 2026
- [6] Fox Sports, Where is sports betting legal? · checked September 22, 2026