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All gambling income is subject to taxes However, professional gambler tax is treated differently than tax for amateur gamblers Learn the difference

Unless you are a professional gambler, gambling income is included as income on your taxes and it's taxed at a rate of 24% Casinos should withhold this portion In principle, winnings from participating in games of chance or betting are tax-free You therefore do not have to pay taxes on the sum you win

lottery changed my life season 4 Unless you are a professional gambler, gambling income is included as income on your taxes and it's taxed at a rate of 24% Casinos should withhold this portion taxes Professional or casual gambler? How to help your clients Poker player draws a losing hand To see how these apply in real life