In general, if you had $10,000 in W-2G winnings but were able to offset that with a $10,000 itemized deduction for gambling losses, your taxes could still increase. There are a lot of deductions and credits that are based on adjusted gross income and this is going to increase by $10,000 even if you can deduct the losses. The increase in AGI might reduce or eliminate certain other deductions and credits.
For example, I got very lucky last year and hit 5 royal flushes for $20,000 in W-2G income. As a result, instead of my student loan interest being almost fully deductible, it won't be deductible at all. This isn't costing me a lot, maybe about $200, but in theory these wins can cost you a great deal of money in extra tax, even if you made no profit or had a net loss and can itemize all of your winnings
Now if this $10,000 was really your only income, after itemizing you would have zero taxable income and no tax. As someone else said, if you were single and no one could claim you as a dependent, you would have a $6,100 standard deduction and $3,900 exemption, so you would pay no tax even if you won $10,000 and were able to keep it all.
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