Are gamblinglottery winnings subject to Michigan individual income

taxes on slot machine winnings
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For federal taxes, there are two types of withholdings on gambling winnings: a regular gambling withholding (24% or % for certain non cash

Gambling income is almost always taxable income which is reported on your tax return as Other Income on Schedule 1

taxes on million dollar lottery Slot machine and keno game winnings from a gambling operation that are reportable for federal income tax purposes shall be treated as

taxes from lottery winnings In addition to handing out all that cash, the casino must provide the winner and the Internal Revenue Service with a W-2G form, and the winner