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How Are Gambling Winnings Taxed? | The TurboTax Blog I won $11960 total in handpays at the casino this year and paid federal taxes on most of them (except one 2000 dollar win). I happened to lose more than 12k as most gamblers do. I won $92600 total but lost $95399.01 on the statement for a net loss of about $2800. Gambling and Taxes | American Casino Guide The federal government taxes gambling winnings at the highest rates allowed. So do the many states and even cities that impose income taxes on their residents. If you make enough money, in a high-tax state like California or New York, the top tax bracket is about 50 percent. Casinos offering Instant Withdrawal of winnings - Casino ... THE following gambling sites offer instant withdrawal of winnings. An increasing number of great casinos offering Instant Withdrawals of which we have listed all we currently have in our database below. Terms and Conditions apply to all no deposit and match deposit bonuses - please read them carefully before playing!
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