You can deduct gambling losses against slot tournament winnings, but only as itemized deductions, and only up to the amount of your winnings.
Also you need to be able to benefit from itemizing your deductions for the losses to benefit you. The standard deduction amounts for 2021 are $12,550 single filer, and $25,100 married-joint. If your itemized deductions are not more than than, you will get no benefit from deducting your gambling losses on your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
