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Law and Taxes

According to the law, in the vast majority of states and countries, gambling winnings are fully taxable. They vary based on the amount won, and the type of game played.

There are two types of winnings- cash and non-cash. Cash winnings refer to the money scored while playing casino games, bingo, raffles, sweepstakes, poker, and so on, while non-cash winnings encompass stuff like car and voyage. So whenever you win, you need to report those winnings to the local tax collection agency, or else you risk dealing with not-so-pleasant consequences.

To make things work and to avoid any unpleasant situations, each gambler needs to be acquainted with the local rules and laws. Regulations vary from one country to another, and they are often updated.

This corner is full of handy bits of advice on what to do when you win, where to report taxes, how to properly fill in the tax forms if a professional gambler, and so on. It also features some excellent tips on how to fly safely with money, what to do in case police pulls you over on your way to or from Las Vegas (or any other place), and so on.

Macau casino audits questioned

Macau casino audits questioned

November 15, 2022 3:38 am
BJ21 News Service

Questions are being raised regarding the function of unregistered auditors in the Chinese gaming hub of Macau, where several...

$50-million-taxpayer-backed-loan-to-casino

$50 million taxpayer-backed loan to casino

October 17, 2022 3:49 am
BJ21 News Service

The Pennsylvania bank run by tycoon Louis A. DeNaples issued a $50 million loan from a taxpayer-funded initiative to assist...

Mgm resorts bribed criminal to not report cheating according to lawsuit

MGM Resorts bribed criminal to not report cheating, according to lawsuit

October 3, 2022 5:40 am
BJ21 News Service

A New York City resident has filed a lawsuit against an Atlantic City casino, its parent company, and its online betting...

Nevada gaming control assists patron

Nevada Gaming Control assists patron

February 7, 2022 5:22 am
BJ21 News Service

The Nevada Gaming Control Board says its investigation tracked down an Arizona resident who left Las Vegas after a visit, not...

Civil asset forfeiture rears its ugly head

Civil asset forfeiture rears its ugly head

September 10, 2021 3:40 am
LV Bear

Opinion, by LV Bear Much has been written over the years about civil asset forfeiture, a constant danger to legal casino...

Civil asset forfeiture reform in nevada

Civil asset forfeiture reform in Nevada?

April 12, 2021 11:11 am
BJ21 News Service

A scaled-back effort at civil asset forfeiture reform in Nevada, a perennial but unsuccessful legislative objective, again met...

Lv-attorney-bill-terry-dies

LV attorney Bill Terry dies

January 18, 2021 11:56 am
BJ21 News Service

Las Vegas defense attorney William “Bill” Terry, who handled some of the city’s most renowned cases during a...

Ivey-Borgata-settle

Ivey, Borgata settle

July 11, 2020 3:37 am
BJ21 News Service

Professional advantage player and poker player Phil Ivey and the parent company of Atlantic City’s Borgata Hotel Casino...

Police and blackjack

Pulled Over by Police

July 18, 2019 9:17 am
Booper702

I have been pulled over by the police many times in my life and blackjack career, and seem to have mastered the art of not even...

Do trespasses expire

Do trespasses expire?

April 2, 2019 4:03 am
Anonymous

Do trespasses automatically expire after a specific period of time and have to be reissued to remain effective? Scrooge...

Advantage players need to pay their taxes

Advantage players need to pay their taxes

1
March 7, 2019 6:27 am
Pro Players

Let’s say a busy red chipper to low green-chip player needs a bankroll of $50k for his risk of ruin to remain acceptable....

Discreet travel with cash by varlayview

Discreet travel with cash

2
December 5, 2018 4:20 am
ParlayView

Here’s a general, hypothetical question: Suppose a low-stakes player was to bring only about $3000 on a trip, planning to...

A legal opinion on preferential shuffling

A legal opinion on preferential shuffling

November 24, 2018 4:31 am
Bob Nersesian, Esq.

Preferential shuffling is not illegal per se and cannot be made illegal per se. It is, however, likely that it is illegal in...

Filing taxes in the usa as a professional gambler

Filing taxes in the USA as a professional gambler: Discussion

1
November 12, 2018 4:22 am
McBain

McBain: If you have for example $50k in investment income, and $30k in declared gambling income, and no other income, can you...

Defensive driving for advantage players

Defensive Driving for Advantage Players

3
September 15, 2018 6:39 am
Harold Harvey

Question: If pulled over by police while carrying my traveling bankroll (“BR”) and asked, “Do you have a large...

How to avoid cash seizures by bluesman

How to avoid cash seizures

October 10, 2017 3:38 am
Bluesman

As the saying goes, 'cash is king'; in general, it's better to hold cash than to hold notes from debtors, property deeds, or...

Cruise ship procedure leaving from the united states

Cruise ship procedure: Leaving from the United States

September 1, 2017 3:49 am
Harold Harvey

Those traveling and gambling on cruise ships leaving from the United States with itineraries that allow disembarkation in foreign...

Louisiana casinos special considerations

Louisiana casinos -- Special considerations

April 21, 2017 5:16 am
Dallas Barrister

Casinos in Louisiana frequently hire uniformed off-duty local police officers to provide security, especially for special events...