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Roulette Taxes

yankeesfan

New Member
Messages
5
I have recently been winning at Roulette to the point I'm getting a nice nest egg.. My question is how can I get around paying taxes on winnings or most of it especially when a casino can't really keep track of that .. I heard pit boss only enter ur buy-in and your avg. bet and time at table .. Plus they ask for ur I.d. or players card depending on how much u cash in... I try winning small incriments(1000) then leave but doesn't always happen won 7000 last week.. Thank you for time and help
 

steve

Active Member
Messages
193
It depends on the country you're in. I assume the USA.

Try cashing in amounts below the reporting threshold. For most jurisdictions, you wont be taxed on winnings unless roulette is being used as a business. Generally that means its your sole income source, or at least a major one.
 

yankeesfan

New Member
Messages
5
It depends on the country you're in. I assume the USA.

Try cashing in amounts below the reporting threshold. For most jurisdictions, you wont be taxed on winnings unless roulette is being used as a business. Generally that means its your sole income source, or at least a major one.

How do I know what there reporting threshold is or find out
 

steve

Active Member
Messages
193
The casino might have terms you can read, otherwise you'll just get to know the thresholds as you cash chips in.
 
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