[vpFREE] Re: Ohio gambling tax considerations

 

Yes they take out state taxes right away, and give you the choice to have 20% taken out for federal taxes. The big difference when gambling in Ohio that people should be aware of is that: If you owe back taxes to the state of Ohio or the feds; or if you are behind on child support or owe any money to the state of Ohio they will deduct it from your W2G generated winnings and give you the difference, if any at all. Twice now I have seen guys win a W2G generating jackpot at Horseshoe Cincinnati and the staff comes back with a piece of paper that they sign, and then they just walk away. If your money is confiscated all details will be explained on that piece of paper you sign, but the staff seems to be trained not to explain anything to the people this happens to.

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