Amid carousels of large format slot machines with rolling video reels, attendants were on hand to pay out cash winnings to players at several MGM Resorts International casinos Saturday, nearly a week ...
When you win money in a casino, the IRS considers it to be taxable income. In practice, you aren’t exactly expected to report it every time you win $1 on a slot machine spin, or $10 from a hand of ...
The tax bill only allows them to deduct 90% of their gambling losses, meaning gamblers could have to pay taxes on money they actually lost. Related: The Las Vegas Strip’s top-rated hotel bans the ...