Gambling News by House of Odds

LONDON----Just a few days after online Europa Casino slot machine, Bonus Bears, paid out nearly 390,000 to one lucky member player, another member has reason to celebrate. Europacasino.com Representatives recently announced that online slots player, Mikhael J., hit the progressive jackpot on Gold Rally, one of the online casinos most popular slot machines, earning him winnings just shy of one .

Gambling winnings are fully taxable and must be reported on your tax return. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips or other noncash prizes.