Online Bingo Halls

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Bingo Slot Machine

Federal Income Tax of these Gambling Games?

1. Sweepstakes, Wagering Pools, Lotteries, and other wagering transactions if the winnings are at least 300 times the amount wagered
$0-$599 - Get it at lottery ticket retailer
$600-$5000 - ?
Exceeds $5000 - ?

The amount of income tax you have to pay is based on your TOTAL annual income, from ALL sources, throughout the whole year. That income can be offset by whatever deductions you are entitled to claim (kids? mortgage interest? medical bills? deductions to charity? gambling losses?), and the net amount of tax you have to pay can be further offset by various credits, depending on your individual financial situation. There is no one fixed, firm number of dollars that you would have to pay for tax on any particular type of winnings.

The type of game you win the money at does not matter in the slightest. (Are you the same person who keeps asking this question? Why don't you believe us when we tell you this?)

Art Video Slot Machine - SCA Gallery - Vegas Style in Pomona Show

Has anyone played Class II slots (Bingo-style machines) and why do most people (myself included) despise them?

slot machine
gaming
Class II
bingo-style

Since most Class II slot machines are not regulated by a state government, the casino's can make the machines as "tight" as they want them to be. In a few reported cases, tribal councils have refused to allow the state to see the win percentages on their machines.

Second, I really dislike the term "daub", I like to SPIN the wheels.

Also you don't see then newest slot games in a Class II environment, they seem to be a couple years behind.