How Are Gambling Winnings Taxed?

All gambling winnings — whether they take place online or in person— are considered taxable income by the Internal Revenue Service This

Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or

dolphin reef slot game If so, that means the government had a lucky night, too—your gambling winnings are taxable income tax you would otherwise have to pay This article gives you

double rainbow slot free play Note that this does not mean you are exempt from paying taxes or reporting the winnings Any and all gambling winnings must be reported to the IRS It only