Bad Gambling Losses

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It's been a while since I've listed out the bad states for gamblers. Here's an updated list. Make sure you read the notes because while all of these states have tax systems that are problematic for gamblers, some impact amateurs while others impact professionals. Note that I do not cover the laws that impact gambling here (such as Washington State's law that makes online gambling a Class C felony).

#6 – $20,000 profit turns into a $5,000 loss 'When I was a croupier I was dealing roulette. Guy was up around $20,000. By the time I had finished with him he had lost that and spent another $5,000. He wasn't very happy.' #7 – $209,000 blackjack loss. Bad Gambling Losses Stories financial and personal data of their players is kept safely protected. The legitimate sites that we Bad Gambling Losses Stories list as the best also have a solid reputation for ensuring their customer data is truly safe, keeping up with data protection and privacy legislation. The real cash slot machines and gaming tables are also audited by an external regulated.

Connecticut [1]
Hawaii [2]
Illinois [1]
Indiana [1]
Massachusetts [1]
Michigan [1]
Minnesota [3]
Mississippi [4]
New York [5]
Ohio [6]
Washington [7]
West Virginia [1]
Wisconsin [1]

• Although gut-wrenching losses take an emotional toll, recapping gambling bad beats is becoming wildly popular. Brought to the mainstream media by ESPN's Scott Van Pelt in his weekly 'Bad Beats' segment on SportsCenter, people tune in to re-live the last second touchdown or three-point basket costing some gamblers money.
• Gambling harm isn't just about losing money. It can affect how you feel. We know it can be hard but talking about it means you can start to feel better. Here are some real life stories of people who opened up and talked about the harm they were experiencing and got the support they needed.

NOTES:

1. CT, IL, IN, MA, MI, WV, and WI do not allow gambling losses as an itemized deduction. These states' income taxes are written so that taxpayers pay based (generally) on their federal Adjusted Gross Income (AGI). AGI includes gambling winnings but does not include gambling losses. Thus, a taxpayer who has (say) $100,000 of gambling winnings and $100,000 of gambling losses will owe state income tax on the phantom gambling winnings. (Michigan does exempt the first $300 of gambling winnings from state income tax.)

2. Hawaii has an excise tax (the General Excise and Use Tax) that's thought of as a sales tax. It is, but it is also a tax on various professions. A professional gambler is subject to this 4% tax (an amateur gambler is not).

3. Minnesota's state Alternative Minimum Tax (AMT) negatively impacts amateur gamblers. Because of the design of the Minnesota AMT, amateur gamblers with significant losses effectively cannot deduct those losses.

4. Mississippi only allows Mississippi gambling losses as an itemized deduction.

5. New York has a limitation on itemized deductions. If your AGI is over $500,000, you lose 50% of your itemized deductions (including gambling losses). You begin to lose itemized deductions at an AGI of $100,000.

6. Ohio currently does not allow gambling losses as an itemized deduction. However, effective January 1, 2013, gambling losses will be allowed as a deduction on state income tax returns. Unfortunately, those gambling losses will not be deductible on city or school district income tax returns, so Ohio will remain a bad state for amateur gamblers.

7. Washington state has no state income tax. However, the state does have a Business & Occupations Tax (B&O Tax). The B&O Tax has not been applied toward professional gamblers, but my reading of the law says that it could be at any time.

Gambling harm isn't just about losing money. It can affect how you feel.

We know it can be hard but talking about it means you can start to feel better.

Irc Gambling Losses

Here are some real life stories of people who opened up and talked about the harm they were experiencing and got the support they needed. Now they share their story with you.

Lachlan's story

'Once I started to open up to people, I was amazed with the amount of support I had.' – Lachlan describes how he was worried to tell people about his gambling because of their reactions but once he opened up he was amazed at the amount of support he got.

Bayu's story

'I opened up to a friend about my gambling. The compassion and receptiveness she showed me ignited me to change.' Uni Student, Bayu, shares how talking helped him on the path to recovery.

Mario's story

'I'm a lot happier. It was the best thing I ever did.' – Mario, eight years of not gambling on sport, now calls himself a proper tradie and business owner.

Ken's story

'Find somebody you love, that you trust, and sit them down and tell them. I should've done it years ago.' Former Police Sergeant, Ken, describes how lucky he was to have a supportive family

Lynda's story

'It was hard for me to tell him, but when I did, he was so supportive that it made it easy for me.' Lynda describes how supportive her eldest son was by holding her hand while she called Gambler's Help.

Lynda talks about her counselling experience

'The counsellors have your back and they made me feel worthy'. Lynda describes how seeing a counsellor helped keep her on track.

Anna's story

'Having the support of others was essential and I wouldn't have done it without them'. Anna lost 10 years of her life to the pokies and now shares her story of hope.

Sunenna's Story

'You're not alone and help is available.' Sunenna says many people think their story is unique, but there are lots of people fighting similar battles.

Chandana's story

'You don't need to keep it to yourself.' Chandana was shocked to find out about her partner's gambling. She says that without the help of others, she could never have rebounded so quickly.

Lived Experience

Daniel

Comedian Daniel Connell lost around $100,000 to sports and race betting over six years before a gamble of a different kind changed his life.

Mario

Mario Bird found gambling at 16 and says it was a match made in heaven. Now, after a hard-won recovery, he wants young men, in particular, to know what it can do to your life.

Sunenna

Sunenna moved from Fiji to Australia to be with the ‘man of her dreams'. But after four months of marriage, her life started to unravel. Sharing her story to let others know they're not alone has also helped her move on from her sorrow.

Nabil

Arabic counsellor Hoda Nahal helps people from Arabic-speaking backgrounds who are affected by gambling harm, as well as educates communities about the risks of gambling and the help services available.

Chandana

When my partner and I moved to Australia with our baby daughter, I saw it as a haven and a place for a fresh start. Little did I know the power of the gambling culture in our new home.

Anna

Gambling on the pokies was a solution that quickly became a problem for Anna Bardsley. A member of the Foundation's Lived Experience Advisory Committee, Anna says storytelling plays a big part in her recovery from addiction.

Mat

Mat Crompton's love for sport turned into an online sports betting compulsion that isolated him from friends and family and consumed his early 20s. His way out was to ask why: why was he gambling and what could life be like if he gave it up.

Ann

After nearly 30 years of a destructive pokies addiction, Ann has drawn the line, with support from her family and a group of ‘lovely, caring' people to whom she's bared her soul, but never met.

Brendan

Brendan Ivermee grew up surrounded by gambling and went on to develop his own destructive and secret gambling problem. Now, three years after being freed from prison, he's on a mission to help others start over.

Ken

Teenage gambling seems a new problem. But Ken Wolfe got caught in a nightmare of debt and destruction 50 years ago. It lasted for decades. Now he's reaching out to young blokes heading the same way.

Tony

Self-confessed fantasy football obsessive Tony Wilson laments the gamblification of his favourite pastime, and asks what effect it will have on all the kids with dream teams.

Shayne

• Although gut-wrenching losses take an emotional toll, recapping gambling bad beats is becoming wildly popular. Brought to the mainstream media by ESPN's Scott Van Pelt in his weekly 'Bad Beats' segment on SportsCenter, people tune in to re-live the last second touchdown or three-point basket costing some gamblers money.
• Gambling harm isn't just about losing money. It can affect how you feel. We know it can be hard but talking about it means you can start to feel better. Here are some real life stories of people who opened up and talked about the harm they were experiencing and got the support they needed.

NOTES:

1. CT, IL, IN, MA, MI, WV, and WI do not allow gambling losses as an itemized deduction. These states' income taxes are written so that taxpayers pay based (generally) on their federal Adjusted Gross Income (AGI). AGI includes gambling winnings but does not include gambling losses. Thus, a taxpayer who has (say) $100,000 of gambling winnings and $100,000 of gambling losses will owe state income tax on the phantom gambling winnings. (Michigan does exempt the first $300 of gambling winnings from state income tax.)

2. Hawaii has an excise tax (the General Excise and Use Tax) that's thought of as a sales tax. It is, but it is also a tax on various professions. A professional gambler is subject to this 4% tax (an amateur gambler is not).

3. Minnesota's state Alternative Minimum Tax (AMT) negatively impacts amateur gamblers. Because of the design of the Minnesota AMT, amateur gamblers with significant losses effectively cannot deduct those losses.

4. Mississippi only allows Mississippi gambling losses as an itemized deduction.

5. New York has a limitation on itemized deductions. If your AGI is over $500,000, you lose 50% of your itemized deductions (including gambling losses). You begin to lose itemized deductions at an AGI of $100,000.

6. Ohio currently does not allow gambling losses as an itemized deduction. However, effective January 1, 2013, gambling losses will be allowed as a deduction on state income tax returns. Unfortunately, those gambling losses will not be deductible on city or school district income tax returns, so Ohio will remain a bad state for amateur gamblers.

7. Washington state has no state income tax. However, the state does have a Business & Occupations Tax (B&O Tax). The B&O Tax has not been applied toward professional gamblers, but my reading of the law says that it could be at any time.

Gambling harm isn't just about losing money. It can affect how you feel.

We know it can be hard but talking about it means you can start to feel better.

Irc Gambling Losses

Here are some real life stories of people who opened up and talked about the harm they were experiencing and got the support they needed. Now they share their story with you.

Lachlan's story

'Once I started to open up to people, I was amazed with the amount of support I had.' – Lachlan describes how he was worried to tell people about his gambling because of their reactions but once he opened up he was amazed at the amount of support he got.

Bayu's story

'I opened up to a friend about my gambling. The compassion and receptiveness she showed me ignited me to change.' Uni Student, Bayu, shares how talking helped him on the path to recovery.

Mario's story

'I'm a lot happier. It was the best thing I ever did.' – Mario, eight years of not gambling on sport, now calls himself a proper tradie and business owner.

Ken's story

'Find somebody you love, that you trust, and sit them down and tell them. I should've done it years ago.' Former Police Sergeant, Ken, describes how lucky he was to have a supportive family

Lynda's story

'It was hard for me to tell him, but when I did, he was so supportive that it made it easy for me.' Lynda describes how supportive her eldest son was by holding her hand while she called Gambler's Help.

Lynda talks about her counselling experience

'The counsellors have your back and they made me feel worthy'. Lynda describes how seeing a counsellor helped keep her on track.

Anna's story

'Having the support of others was essential and I wouldn't have done it without them'. Anna lost 10 years of her life to the pokies and now shares her story of hope.

Sunenna's Story

'You're not alone and help is available.' Sunenna says many people think their story is unique, but there are lots of people fighting similar battles.

Chandana's story

'You don't need to keep it to yourself.' Chandana was shocked to find out about her partner's gambling. She says that without the help of others, she could never have rebounded so quickly.

Lived Experience

Daniel

Comedian Daniel Connell lost around $100,000 to sports and race betting over six years before a gamble of a different kind changed his life.

Mario

Mario Bird found gambling at 16 and says it was a match made in heaven. Now, after a hard-won recovery, he wants young men, in particular, to know what it can do to your life.

Sunenna

Sunenna moved from Fiji to Australia to be with the ‘man of her dreams'. But after four months of marriage, her life started to unravel. Sharing her story to let others know they're not alone has also helped her move on from her sorrow.

Nabil

Arabic counsellor Hoda Nahal helps people from Arabic-speaking backgrounds who are affected by gambling harm, as well as educates communities about the risks of gambling and the help services available.

Chandana

When my partner and I moved to Australia with our baby daughter, I saw it as a haven and a place for a fresh start. Little did I know the power of the gambling culture in our new home.

Anna

Gambling on the pokies was a solution that quickly became a problem for Anna Bardsley. A member of the Foundation's Lived Experience Advisory Committee, Anna says storytelling plays a big part in her recovery from addiction.

Mat

Mat Crompton's love for sport turned into an online sports betting compulsion that isolated him from friends and family and consumed his early 20s. His way out was to ask why: why was he gambling and what could life be like if he gave it up.

Ann

After nearly 30 years of a destructive pokies addiction, Ann has drawn the line, with support from her family and a group of ‘lovely, caring' people to whom she's bared her soul, but never met.

Brendan

Brendan Ivermee grew up surrounded by gambling and went on to develop his own destructive and secret gambling problem. Now, three years after being freed from prison, he's on a mission to help others start over.

Ken

Teenage gambling seems a new problem. But Ken Wolfe got caught in a nightmare of debt and destruction 50 years ago. It lasted for decades. Now he's reaching out to young blokes heading the same way.

Tony

Self-confessed fantasy football obsessive Tony Wilson laments the gamblification of his favourite pastime, and asks what effect it will have on all the kids with dream teams.

Shayne

Having freed himself from his own gambling nightmare, Lived Experience Advisory Committee member Shayne Rodgers is using the life-changing lessons he learnt to help others.

Bill

Having bet on horses since he was 17, Bill says winning streaks always end the same way: losing big. But his final winning streak ended when he was also stricken with grief. Today, helping others, he feels better than ever about himself.

Carolyn

Carolyn Crawford went to prison for stealing from her employer to support her pokies addiction, and now shares her story to encourage others to seek help for gambling harm earlier rather than later.

Fred

Fred Rubinstein, a member of the Victorian Responsible Gambling Foundation's Lived Experience Advisory Committee, says it took stealing from his mum and her threat to call the police to force him to accept help for a gambling addiction.

Lynda

Lynda Genser's pokies habit led to a criminal charge, but she quit with the support of her family and is now making a difference as a member of the Victorian Responsible Gambling Foundation's Lived Experience Advisory Committee.

Can You Claim Gambling Losses In 2019

Shared Stories

Gambling harm podcast: Inspiring stories of hope and recovery

There are many ways to seek professional and anonymous help for your own, or your loved one's problems with gambling.

Bad Gambling Losses 2019

If you need immediate help, please call Gambler's Help on 1800 858 858 or Gambler's Help Youthline on 1800 262 376 (from within Australia only). This service operates 24 hours a day, 7 days a week and is free and confidential.