Here’s an overview of what you’ll need to know about various forms of gambling:
Bingo. Evidence may consist of the total number of games, the total cost of cards acquired, and the total sum won.
Keno. Check cashing and credit history at the casino, as well as copies of validated tickets, should be kept for audit purposes.
Racing. The number of races, as well as the total wagers, wins, and losses, are all recorded in the archives of horse racing, harness racing, and dog racing.
Poker Machines, Slot Machines, or Poker Machines. Machine numbers played, together with all cashouts recorded by time and date, may be included in the documentation.
Gambling Tables. Details about the casino you played at and the table you were seated at.
The same fundamental guidelines also apply to gambling on the internet. Contrary to popular belief, gambling operations conducted on the Internet are subject to taxation regardless of where the wagering action takes place.