Taxation of Offshore Poker Sites

do poker players pay taxes
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At least not yet Whether you receive a 1099 or a w2g from a casino or poker room, you have a legal obligation to pay taxes on gambling winnings

Its not only poker players who can withhold taxes, however Casinos can withhold winnings if federal agents or tax representatives instruct them If you win in Vegas, your local national taxes are applied, they take your details and they withhold

lottery nouyok Some players will get taxed nothing, some will get taxed 47%, and the Taxman and the Rake did better than anybody  However, if you're living the life of a professional poker player, you'll pay income tax on your winnings instead of the standard gambling tax