We suggest that you keep records so that you have the information at hand when it comes time to give the government its share.Įven if taxes reduce the effective value of a promotion there is one tactic you can use to make up the shortfall. PA gambling promotions can add up to a substantial amount of value. In PA you will have to pay state income tax and federal income tax if your winnings + promo benefits are greater than your losses. It does not matter if the promotion offers hard cash, credits, extra spins or merchandise, the fair value of the promo counts as income for tax purposes. Are Pennsylvania Gambling Promos Taxable?īenefits you receive from Pennsylvania online casino bonuses are taxable exactly as if you had won the money playing. In addition to federal tax, Pennsylvania assesses its own personal income tax on gambling income. Even if you didn’t receive a W-2G form and the operator did not withhold taxes, it is your responsibility to report all gambling winnings on your tax returns. Depending on the amount of your winnings, your online casino, online sportsbook or online poker site may have already withheld federal tax, which will be indicated in a W-2G form mailed to you and sent to the Internal Revenue Service. That includes winnings from Pennsylvania sports betting, casino games, slots, pari-mutuel racing, poker and lottery. Are Gambling Winnings Taxable in Pennsylvania?Īll gambling winnings are taxable. Rewards issued as non-withdrawable site credit/bonus bets unless otherwise provided in the applicable terms Rewards subject to expiry. All promotions are subject to qualification and eligibility requirements.

Gambling problem? Call 1-800-GAMBLERMust be 21+.

Can pa residents gamble online