TrainerGriff Posted January 19, 2015 Report Share Posted January 19, 2015 How are table game winnings such as craps, baccarat and roulette taxed in the USA? Do most players who win regularly even worry about reporting their winnings?I know a guy who plays craps as a full-time pro ( I have played with him in person several times) and he made over $150,000 last year playing almost every day. He averages between $400-$600 a day. On another forum someone got wind of his successes and said something like "good luck paying taxes on that" out of envy I believe. The pro player said "if I have to pay taxes on my winnings then so be it".I don't think he is really concerned about paying or even INTERESTED if he owes taxes or not, and to my knowledge, he hasn't paid taxes on his craps winnings in almost 2 years of full-time play lol. I am concerned for him as he is a very nice guy and I am also learning from him his method of play and I don't want him or me or anyone for that matter to be in hot water with Uncle Sam for failure to pay a percentage of winnings. I have searched several sites about gambling taxes and can't find a consistent or a pat answer concerning table games winnings.Do you regular winners worry about it? Should I be?Thanks for any help and input. Griff in Atlanta Quote Link to comment Share on other sites More sharing options...
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