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in the US your taxed on winnings if the odds are 100-1 or better on the game you played, states are different though as I think OHIO kills you on anything as earnings. YOu can write off gambling losses, but only on winnings. So if you lose 10K a year your SOL, but if you lose 10K then win 12K you write off the 10 against the 12..
The reason I also ask is, apparently some European countries tax the winnings of players who gamble at properties that do not have an EU license?
Is this correct, or have I mis-read this?
I’m not sure where I picked that up, but apparently for some players, having an EU license is quite important. If that’s the case, then I need to look more carefully at what is going to be the best for my players.
Ray
Taxes usually go to the earner, no matter where that income came from.
