Do gambling winnings count as income?

The following rules apply to casual gamblers who aren't in the trade or business of gambling. Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to winnings from lotteries, raffles, horse races, and casinos.

irs.gov - Topic No. 419 Gambling Income and Losses | Internal Revenue Service

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Gambling Winnings

A payer is required to issue you a Form W-2G, Certain Gambling Winnings if you receive certain gambling winnings or have any gambling winnings subject to federal income tax withholding. You must report all gambling winnings on Form 1040 or Form 1040-SR (use Schedule 1 (Form 1040)PDF), including winnings that aren't reported on a Form W-2GPDF. When you have gambling winnings, you may be required to pay an estimated tax on that additional income. For information on withholding on gambling winnings, refer to Publication 505, Tax Withholding and Estimated Tax.

Gambling Losses

You may deduct gambling losses only if you itemize your deductions on Schedule A (Form 1040) and kept a record of your winnings and losses. The amount of losses you deduct can't be more than the amount of gambling income you reported on your return. Claim your gambling losses up to the amount of winnings, as "Other Itemized Deductions."

Nonresident Aliens

If you're a nonresident alien of the United States for income tax purposes and you have to file a tax return for U.S. source gambling winnings, you must use Form 1040-NR, U.S. Nonresident Alien Income Tax Return. Refer to Publication 519, U.S. Tax Guide for Aliens and Publication 901, U.S. Tax Treaties for more information. Generally, nonresident aliens of the United States who aren't residents of Canada can't deduct gambling losses. See As a Nonresident Alien, Are My Gambling Winnings Exempt From Federal Income Tax? to find out if your gambling winnings are exempt from federal income tax. For additional information on withholding on gambling winnings, refer to Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities.

Recordkeeping

To deduct your losses, you must keep an accurate diary or similar record of your gambling winnings and losses and be able to provide receipts, tickets, statements, or other records that show the amount of both your winnings and losses. Refer to Publication 529, Miscellaneous Deductions for more information.

For additional information, refer to Publication 525, Taxable and Nontaxable Income or review How Do I Claim My Gambling Winnings and/or Losses?

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Does FBI investigate gambling?

During FBI gambling investigations, emphasis is placed on cooperation with drug law enforcement units and with other Federal, State, and local agencies. Most investigations are based on basic, flexible techniques, imagination and ingenuity, and alertness and observation.

ojp.gov - GAMBLING INVESTIGATIONS - Office of Justice Programs

Abstract

Most gambling investigations begin without a complainant because bettors consider themselves part of a gambling "fraternity" rather than victims of a scheme. Furthermore, in many States, the bettor himself has violated laws by placing bets. The gangsters who control gambling operations often combine vast wealth and power to secure electronic devices and promote the graft and corruption needed to thwart police efforts. Law enforcement campaigns against gambling may be hindered by public opinion which often supports gambling, but the relationship between organized crime and illegal gambling necessitates a full-blown effort against it. During FBI gambling investigations, emphasis is placed on cooperation with drug law enforcement units and with other Federal, State, and local agencies. Most investigations are based on basic, flexible techniques, imagination and ingenuity, and alertness and observation. While many gambling operators will attempt to destroy records through burning or flushing them down a toilet, the FBI laboratory can often reconstruct the evidence for admission to the court. Police officers should also be alert to recover marked money, casino equipment, and other paraphernalia.

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