u/Admirable_Welcome_20

Hello guys, I really need your expertise. I have a few different scenarios I’m curious about:

A) If I won $20K on a single spin and redeemed it, but I’ve spent $13K gambling for the year, would I have to file taxes on the full $20K, or would the $13K I spent be taken into consideration?

B) For those of you who have won over $2K in one sitting, did you report/file taxes on those winnings?

C) When it comes to taxes, does the government consider how much you’ve gambled/lost throughout the year? Can gambling losses be deducted from your winnings?

Hello guys, I really need your expertise. I have a few different scenarios I’m curious about:

A) If I won $20K on a single spin and redeemed it, but I’ve spent $13K gambling for the year, would I have to file taxes on the full $20K, or would the $13K I spent be taken into consideration?

B) For those of you who have won over $2K in one sitting, did you report/file taxes on those winnings?

C) When it comes to taxes, does the government consider how much you’ve gambled/lost throughout the year? Can gambling losses be deducted from your winnings?

Hello guys, I really need your expertise. I have a few different scenarios I’m curious about:

A) If I won $20K on a single spin and redeemed it, but I’ve spent $13K gambling for the year, would I have to file taxes on the full $20K, or would the $13K I spent be taken into consideration?

B) For those of you who have won over $2K in one sitting, did you report/file taxes on those winnings?

C) When it comes to taxes, does the government consider how much you’ve gambled/lost throughout the year? Can gambling losses be deducted from your winnings?

So, I made the decision today to close all of these online casino accounts, and I hope y’all do the same. These companies have become way too greedy. You know it’s bad when you upload $550 and don’t get a single bonus!

I know bonuses and wins are obviously never guaranteed, but dang, a little give-and-take system wouldn’t hurt. These games are starting to feel like they’re designed to take, take, TAKE.

And I’m starting to side-eye some of these HUGE wins I see too. I don’t know, maybe it’s just me, but if I can upload $9K over a weekend at times and barely get anything back, you’re telling me somebody else hit $860,000 off a $2 spin?!

I’m just saying… the math ain’t mathing for me anymore. I’m out!

So, I made the decision today to close all of these online casino accounts, and I hope y’all do the same. These companies have become way too greedy. 🤣 You know it’s bad when you upload $550 and don’t get a single bonus!

I know bonuses and wins are obviously never guaranteed, but dang, a little give-and-take system wouldn’t hurt. 😂 These games are starting to feel like they’re designed to take, take, TAKE.

And I’m starting to side-eye some of these HUGE wins I see too. 👀😂 I don’t know, maybe it’s just me, but if I can upload $9K over a weekend at times and barely get anything back, you’re telling me somebody else hit $860,000 off a $2 spin?! 😂😂😂

I’m just saying… the math ain’t mathing for me anymore. I’m out! ✌🏾🎰