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The second rule is that you can’t subtract the cost of gambling from your winnings. For example, if you win $620 from a horse race but it cost you $20 to bet, your taxable winnings are $620, not $600 (after subtracting your $20 wager). Cash is not the only kind of winnings you need to report.
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Feb 13, 2013 · Casino in Las Vegas refuses to pay winnings to slots player who won a jackpot caught on film video. Online Casino Won’t Pay? Here’s What To Do Jul 22, 2016 · Some casino’s now impose a max cash out rule on all bonus wins and players aren’t allowed to wager more than $5 per spin when they play slots. If you accepted the bonus and breached the aforementioned terms you can bet your bottom dollar that your winnings will be voided.
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