Income tax payable on winnings from online, offline games of chance

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gambling winnings and the payout is at least 300 times the amount of the wager ; 2 $ 1,200 or more in

In most cases, the casino will take 25 percent off your winnings for the IRS before even paying you Not all gambling winnings in the amounts above are subject In some cases, the individual must pay tax on their winnings Other times these taxes are very high, sometimes they're very low

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