Does Chumba Casino Report Winnings To Irs

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Chumba Casino operates under US tax laws, requiring it to report winnings over a certain threshold to the IRS. Players should keep accurate records of their earnings and losses for tax purposes. Failure to report gambling winnings can result in penalties or fines from the IRS. It is essential to consult with a tax professional to ensure compliance with tax regulations. Players should be aware of their tax obligations when participating in online gambling activities.