4 ms·
This does sound strange. My understanding is that here in the US if you win a huge jackpot at a casino but then spend it all on slots (I don't know how or why a
by mcny 9y ago
This does sound strange. My understanding is that here in the US if you win a huge jackpot at a casino but then spend it all on slots (I don't know how or why anyone would do that but this is a thought experiment) over the year, you effectively don't owe any income tax on that jackpot.
- doikor 9y agoOn casinos and jackpots the individual doesn’t owe any taxes made by gambling winnings as they are paid by the casino/whatever in Finland.
- gamblor956 9y agoIf you win a huge jackpot, the casino withholds taxes on your winnings. However, you may be able to deduct gambling losses from your gambling winnings up to the amount of gambling winnings for that year, assuming you itemize your deductions.