That means you can count on the government asking you for a token of your good fortune. Casinos and other payers are required to report gambler winnings that exceed a certain dollar amount.
Ever had a lucky night at the casino and walked away with pockets full of cash? If so, that means the government had a lucky night, too-your gambling winnings are taxable income.īut, wait-what happens at the casino stays at the casino, right? Nope.
