Not exactly sure how many years this threshold has been the law,40 maybe? When $1200 was worth quite a bit more...

I'd accept a new $5000 threshold as I believe taxation on the $$$ that I use to gamble with was $$ I already paid taxes on..
Gambling $ is not IRA ( not-taxed-yet) $ for me. It is not like this in Canada and England (In country lottery gambling)

Yet there is other news out there that the IRS is looking to reduce the current taxable threshold amount by 50% also instead of increasing it to where it should be in 2015..So that 'Jackpot !!! you hit means a whopping $600 of TAXABLE INCOME.

Of course the casinos will respond and in this case I hope their lobbyists well greasing the politicians pockets...(Who have friends in the IRS)
Mind boggling..