Annual Tax Rates on HHR Slot Machines in Kentucky

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Unless you are a professional gambler, gambling income is included as income on your taxes and it's taxed at a rate of 24% Casinos should withhold this portion Two other wagering taxes are imposed by the slot machine gaming law A county wagering tax is imposed at the rate of 3 percent of the win generated at each

mass evening lottery numbers Slot machine and keno game winnings from a gambling operation that are reportable for federal income tax purposes shall be treated as gambling winnings and losses Thus, if a gambler had a $2,000 winner on a slot machine but on the same day had also lost $1,500, the impact above the line