How Are Gambling Winnings Taxed?

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The 24% tax withholding typically does not apply to wins from bingo, slot machines or keno, Lewis said, but you may have to provide the casino

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cherry trio slot Your tax return should reflect your total year's gambling winnings That's because you're required to report each stroke of luck as taxable income  Determine Slot Payout Percentage by Tracking Your Play · First, you need to know your spins per hour Use your phone timer to clock yourself for