The Casino Business Podcast

Casino Tax Rules: Tracking Wins, Losses & Deductions, & More!


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In this interview, Hawk Tax Solutions Tax Director and Enrolled Agent Ashley Davis joins URComped CEO Craig Shacklett to answer some of the most common gambling accounting and tax questions players face. She breaks down what qualifies as a professional gambler, how to properly track wins and losses, and which expenses can be deducted. The conversation also covers tricky areas like sweepstakes casinos, crypto play, state-to-state taxation, and how content creation can support professional claims.

Topics Discussed:

- Why sweepstakes casino losses don't offset winnings

- How to keep an acceptable gambling journal or win-loss record

- Criteria for qualifying as a professional gambler, even with a day job

- Using YouTube or content creation to support professional status claims

- Deductible expenses for professional gamblers (travel, software, coaching, tournaments, ATM fees)

- Tax treatment of daily fantasy sports, offshore casinos, and crypto gambling

- State taxation issues and when it makes sense to itemize losses

Learn more: https://urcomped.com/blog/details/6131103/casino-tax-rules-tracking-wins-losses-deductions-more

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The Casino Business PodcastBy Craig Shacklett

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