A prize is a prize and gambling winning are gambling winnings. They are not interchangeable. You can't offset awards and prizes with gambling losses. They are not the same thing.
Enter your prize as other income as described above. If they were gambling winnings, report them as gambling winnings and take your losses.
You must report all gambling winnings as "Other Income" on Form 1040 or Form 1040-SR (use Schedule 1 (Form 1040) PDF), including winnings that aren't reported on a Form W-2G. When you have gambling winnings, you may be required to pay an estimated tax on that additional income.
Topic 419
@REvans2001
