In general, if your gambling losses equal or exceed your winnings, you may be able to deduct those losses on your tax return. However, there are limits and restrictions on how much you can deduct, and it may depend on your specific situation and the state you live in. It's always best to consult with a tax professional or use a reputable tax software program to ensure accuracy when filing your taxes.
Additionally, it's important to gamble responsibly and only with money that you can afford to lose. While it can be fun and exciting to try your luck at the casino or on sports betting sites like [link removed] it's important to approach gambling with caution and understanding that it is always a game of chance.
