Positive TAX Ruling for Gamblers

[Holland Hacker]

Originally Posted by SundaySilence

That just triggered an interesting thought...what if the money is held in an ADW and no withdrawal is taken and the money is just used for more wagers. How would that be different than waiting for redemption of coins from a slot machine? Even though a player is issued a W-2G, if the money isn't withdrawn has there been any income generated?

I would think the Govt's position is that you have constructive receipt and therefore income.