Do game apps really pay you?

Yes, there are mobile apps that promise such a thing. How can these apps pay you to play games? In many cases, you're making them money by watching ads and filling out surveys between games. Your earnings will likely be a few cents a day, and payouts are generally made once you earn a minimum amount, like $5.

nerdwallet.com - Game Apps That Pay Real Money: Truth, Not Hype - NerdWallet

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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Play games, get paid. Yes, there are mobile apps that promise such a thing. How can these apps pay you to play games? In many cases, you're making them money by watching ads and filling out surveys between games. Your earnings will likely be a few cents a day, and payouts are generally made once you earn a minimum amount, like $5. Even that can take quite a while, according to app reviews.

Here’s what you should know before downloading.

What are game apps that pay real money?

We researched some of the most popular apps in the category of "pay me to play games for free." The results were a mixed bag: some happy players, and many times, an equal number of complaints. We're not mentioning the apps' names here because we don't want to imply an endorsement. In the description of one of the more popular pay-for-play apps, watching videos (commercials) and completing surveys were mentioned just about as much as playing games. In other words, don’t expect a lot of uninterrupted play. Some apps let you earn "units" redeemable for gift cards while playing various games, including slots, cards and battles. You may find a chat function allowing a social connection to fellow players. There's also a live game show app that gives you 10 seconds to answer a trivia question. Virtually scratching off cards to match symbols is another game you'll find offered by these app developers.

A long non-winning stretch, but still hope

Even though some players have eked out only small winnings or have never won, many are still fans. A reviewer of one app says she's been playing it since 2008 and never won, but keeps playing "so one day it will come to me as a blessing." She says she's keeping her fingers crossed, "and good luck to everyone." That's the right attitude when it comes to playing game apps for money. However, if you value your time and want to earn some extra money, you might want to consider these legit ways to make fast cash. Track all the money you make See the ins and outs of your cash, cards, and bank accounts at a glance. SEE YOUR CASH FLOW

Game apps that pay real money: before you play

Game apps that pay money can seem too good to be true. And sometimes they are. Some unscrupulous providers can postpone payoffs by preventing you from reaching your payout target. Some high-profile game apps have shut down with little notice, leaving users wondering about their prizes. Complaints about these pay-me-to-play apps often mention delayed or nonexistent payouts or the fact that you have to play so many hours for chump change. Do your research and read reviews before you download any new apps. Protect yourself by not counting on the prizes — just be pleasantly surprised when you actually do get one — and don't provide personal information beyond what the apps require to monitor your playing activity. And look for payments issued by email, such as gift cards, or PayPal, so that you can protect your financial information. Perhaps most importantly: Make sure monetary payouts are legal where you live. Read the app's fine print and look up your state laws online.

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How does the IRS know if you won money gambling?

If you receive a W-2G form (opens in new tab) along with your gambling winnings, don't forget that the IRS is getting a copy of the form, too. So, the IRS is expecting you to claim those winnings on your tax return. If you don't, the tax man isn't going to be happy about it.

kiplinger.com - 8 Tax Tips for Gambling Winnings and Losses | Kiplinger

Your Losses Might Be Deductible

Did you have a bad night at the blackjack table or pick the wrong horse to win? There's a possible silver lining if you lose a bet or two — your gambling losses might be deductible. (Gambling losses include the actual cost of wagers plus related expenses, such as travel to and from a casino or other gambling establishment.) There are a couple of important catches, though. First, unless you're a professional gambler (more on that in a second), you have to itemize in order to deduct gambling losses (itemized deductions are claimed on Schedule A (opens in new tab)). Unfortunately, most people don't itemize. So, if you claim the standard deduction, you're out of luck twice — once for losing your bet and once for not being able to deduct your gambling losses. Second, you can't deduct gambling losses that are more than the winnings you report on your return. For example, if you won $100 on one bet but lost $300 on a few others, you can only deduct the first $100 of losses. If you were totally down on your luck and had absolutely no gambling winnings for the year, you can't deduct any of your losses. If you're a professional gambler, you can deduct your losses as business expenses on Schedule C (opens in new tab) without having to itemize. However, a note of caution: An activity only qualifies as a business if your primary purpose is to make a profit and you're continually and regularly involved in it. Sporadic activities or hobbies don't qualify as a business.

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