Gambling taxes on your winnings will no longer be exempt. Whenever you might perhaps maybe well very correctly be a U.S. citizen you owe Uncle Sam a portion, regardless if won right here or overseas. The IRS considers all gambling winnings taxable earnings, even supposing it’s an amount that doesn’t accumulate reported to the IRS by the payer, worship that $20 consume on a scratch off stamp, or a lucky $250 when your numbers hit, even a $1,000 jackpot on your well-liked slot machine. Sadly, gambling taxes are due.