Are bingo winnings taxable UK?

Bingo player from the UK here! Just wondering if my bingo winnings are taxable.

Answers( 1 )


If you're playing from the UK, then you do not have to worry about paying taxes for your bingo winnings. When the gambling reform was enacted in 2001, duty on winnings from sports betting, online casinos, lotteries, online poker and online bingo was abolished. Needless to say, you do not have to declare your bingo winnings, Read the article below to learn more about taxing laws on gambling:

http://www.onlinebetting.org.uk/betting-guides/gambling-and-betting-tax-in-the-uk.html

Bingo winnings are also non-taxable in some parts of Europe, Oceania and Canada. On the other hand, duties apply to bingo winnings worth $1,200 or more.

http://budgeting.thenest.com/tax-laws-regarding-money-won-playing-bingo-22701.html

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