Q. Would it count as gambling and winnings or self employment tax? Or something else?
A. Gambling winnings.
While professional gamblers may file a Schedule C as self-employed individuals, what you described does not make you a professional gambler (“pursued full time, in good faith, and with regularity, to the production of income for a livelihood, and is not a mere hobby” ) Reference: https://silvertaxgroup.com/professional-gambler-tax/#:~:text=Gambling%20must%20be%20%E2%80%9Cpursued....
