Do I have to report gambling winnings on my tax returns?

Do I have to report gambling winnings on my tax returns?

Frank Scoblete (Casino Gambling Expert & Bestselling Author) gives expert video advice on: Where is gambling legal?; Do I have to report gambling winnings on my tax returns?; Is there any way for the government to know if I won money by gambling? and more...

The government wants your money, perhaps even more so than the casinos want your money. If you win a certain amount of money from gambling then you're going to have to report it as an income and it will be taxed. There was a time when gambling was considered a recreational activity and any winnings went untaxed, but not any more.