If you are a U.S. resident, you are required to pay federal income taxes on your gambling winnings. However, there may be other taxes that apply, such as state and local taxes.
If you are a resident of a foreign country, your gambling winnings may be subject to different tax lAWS than those in the United States. You should consult with an accountant or tax advisor to determine whether you need to pay taxes on your gambling winnings.
Conclusion:
Do You Have to Pay Taxes on Bingo Winnings? Depending on your residency status and the specific tax lAWS of your country of residence, you may or may not have to pay taxes on your gambling winnings. Consult with an accountant or tax advisor to find out for sure.
