---
title: Taxation Of Gambling Income
description: By Eric Smith The CPA Journal December 2019 Edition Thanks to legalized sports gambling, U.S. casinos…
---

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# [Taxation Of Gambling Income](https://kostelanetz.com/publications/taxation-of-gambling-income)

 Written by [Kostelanetz LLP](https://kostelanetz.com/publications/author/kostelanetz-llp) | Dec 18, 2019

By [Eric Smith](https://www.kflaw.com/eric_smith)  
 The CPA Journal  
 December 2019 Edition

Thanks to legalized sports gambling, U.S. casinos generated a record amount of gaming revenue in 2018. As might be expected, it is becoming increasingly common for individuals to have questions regarding the taxation of gambling income and losses, and these questions will almost certainly be more complex if the individual is a professional gambler. This article aims to help CPAs answer these questions for taxpayers.

[FULL ARTICLE](https://kflaw.com/wp-content/uploads/2022/06/Taxation-of-Gambling-Income-KFLaw-I-Flip-PDF-Online-_-FlipBuilder.pdf)

[View full post](https://kostelanetz.com/publications/taxation-of-gambling-income)

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