As Lisa3588 said above, you must pay taxes on gambling winnings. Gambling losses are tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable income on your return. The deduction is only available if you itemize your deductions. If you claim the standard deduction, then you can't reduce your tax by your gambling losses.
Can you deduct Gambling Losses
How to Pay Taxes on Gambling Winnings and Losses
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