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While you are to play at a social site with real money honours, this might be technically a sweepstakes casino.” ? For many who victory a reward off $5,000 or even more, this new sweepstakes gambling enterprise often withhold 24% of the prize and matter good W-2G income tax mode recording simply how much could have been withheld. Taxation treatment of sweepstakes honours can differ predicated on matter and you can individual items.

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