How Much Are Blackjack Winnings Taxed?

Blackjack is a popular casino game that is played with a deck of cards. The object of the game is to score as many points as possible by drawing cards and counting points.

When playing blackjack, the player bets on whether the next card will be higher or lower than the card currently being played.

In most cases, blackjack is considered a form of gambling and therefore subject to taxation. The Internal Revenue Service (IRS) considers blackjack to be a form of gambling and therefore assesses a 26% tax on the winnings that are earned from playing the game.

This means that, on average, blackjack players earn $2.26 for every $100 that they gamble.

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