United States Forums

Start a new topic Change Forum
Advanced search

Stupid question about casino winnings...

Jump to last reply

I just had a really random question about gambling.
Let's say you go to a casino and blow 5000.00. On your last pull you hit the jackpot and win 5000.00.
You are even. Yay!
Do you have to pay tax on that 5000.00?
Is it possible for a casino to sell you a credit (or maybe there is another term) and under this scenario you would NOT be winning, but even and owe no taxes?
It's probably obvious that I have never gambled, nor do I plan to... but I am still curious.
:)

26 Replies |Back to top

| Add a Reply

Sign in to comment.

Recent Activity

  • Announcements:
  • Writers Needed for Cyprus
    by Emily_D Fodor's Editor | Posted on Jul 2, 14 at 12:04 PM
  • Writer Needed for Vietnam Guidebook
    by Emily_D Fodor's Editor | Posted on Jun 11, 14 at 05:11 PM
View all United States activity »
  1. 1 Glacier National Park Late September
  2. 2 driving to Maine
  3. 3 Boston North End Restaurants-anniversary dinner
  4. 4 best places to stay between colorado springs and snow mass
  5. 5 Myrtle Beach Hotel
  6. 6 Daytrips from Sacramento
  7. 7 Newport or Laguna Beach, CA, hotel before a morning meeting in Irvine?
  8. 8 Kauai car rental puzzle
  9. 9 Looking for a mountain lake vacation
  10. 10 Have you been anywhere amazing between Sacramento and Reno?
  11. 11 Miami/Bimini versus Austin Christmas/New Years period no car
  12. 12 Best area to stay in Washington DC for a 3 day trip
  13. 13 One day in Ft Collins with a 5 and 1 year old
  14. 14 Trip Report The 45th and 46th State - Maine and Vermont!
  15. 15 Tours of Hasidic Williamsburg
  16. 16 let's do a new Hawaii countdown
  17. 17 What's There to Do in Kauai???
  18. 18 Trip Report Amazing trip from Sacramento to Yellowstone via a 9 state, 4,274 mile scenic route..
  19. 19 Trip Report Badlands / Black Hills Trip Report (Warning: Long)
  20. 20 Honolulu layovers.... one 30hrs, other 17hrs. Ideas?
  21. 21 Frank Lloyd wright tours
  22. 22 Road trip to Maine for foodies
  23. 23 Universal Studios, Orlando - Harry Potter!
  24. 24 Boston to New York
  25. 25 Best Cruise to Consider?
View next 25 » Back to the top