is casino revenue taxable
Uncle Sam relies on honesty and big winnings reported on 1099-MISC forms to collect taxes from fantasy sports winners. Lots of states have gambled on casinos as a way to raise revenue needed to help balance budgets and pay for new projects. For years, that's been a good bet. The latest data from the American Gaming Association shows that casinos paid $8.6 billion in taxes to states and local communities in 2012.