Gambling income includes any money earned playing slot machines, bingo or the lottery. It also includes money derived from betting on horse races, boxing, sumo wrestlers and almost anything else.
Investment dictionary. Academic. 2012.
Gambling Loss — A loss resulting from games of chance or wagers on events with uncertain outcomes (gambling). These losses can only be claimed against gambling income. Gambling losses include the cash lost at the slot machines or when a sure bet comes up lame in … Investment dictionary
Gambling in the United States — Gambling, often referred to as gaming , had 2005 gross revenues of $84.65 billion,cite web|url=http://www.americangaming.org/Industry/factsheets/statistics detail.cfv?id=7|publisher=American Gaming Association|title=Industry Information: Fact… … Wikipedia
Gambling in Macau — has been legal since the 1850s when the Portuguese government legalized the activity in the colony. Since then, Macau has become known worldwide as the Monte Carlo of the Orient , and gambling has become a significant part of the city s economy.… … Wikipedia
Gambling in the United Kingdom — is regulated by the Gambling Commission on behalf of the government s Department for Culture, Media and Sport (DCMS) under the Gambling Act 2005. This Act of Parliament significantly updated the UK s gambling laws, including the introduction of a … Wikipedia
Income taxes in Canada — constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the last fiscal year, the government collected roughly three times more personal income taxes than it did corporate… … Wikipedia
Gambling in Japan — is banned by the Criminal Code chapter 23, [ [http://www.cas.go.jp/jp/seisaku/hourei/data/PC.pdf Criminal Code of Japan in English] ] however there are several exceptions.Public sports, lottery, and toto are held under special laws in order to… … Wikipedia
Income tax and gambling losses — Rules concerning income tax and gambling losses vary internationally.United KingdomIn the United Kingdom, wins (unless in the course of a trade) are not taxable and losses are not deductible.United StatesIn the United States, gambling wins are… … Wikipedia
Gambling — Gamble redirects here. For other uses, see Gamble (disambiguation). Caravaggio, The Cardsharps, c. 1594 Ga … Wikipedia
Income tax — Public financeAn income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or… … Wikipedia
Native American gambling enterprises — Indian Gaming enterprises comprise gambling businesses operated on Indian reservations or tribal land, which have limited sovereignty and therefore the ability to exist outside of direct state regulation.In 1987, in a case called Cabazon Band of… … Wikipedia
