Gambling Income

AAA

DEFINITION of 'Gambling Income'

Any income that is the result of games of chance or wagers on events with uncertain outcomes (gambling). This income is subject to taxation.

INVESTOPEDIA EXPLAINS 'Gambling Income'

Gambling income includes any money earned playing slot machines, bingo or the lottery. It also includes money derived from betting on horse races, boxing, sumo wrestlers and almost anything else.

RELATED TERMS
  1. Jackpot

    The top prize in a game of chance. Jackpot prizes can be anything ...
  2. Gambling Loss

    A loss resulting from games of chance or wagers on events with ...
  3. Tip Income

    Income that a service professional earns that is not part of ...
  4. Lottery

    A game of chance, where winners are typically decided by a drawing. ...
  5. Hot Hand

    The notion that because one has had a string of successes, he ...
  6. Advance-Deposit Wagering - ADW ...

    A form of gambling on the outcome of horse races in which the ...
Related Articles
  1. Active Trading

    Catching A Lift On The Penny Express

    The popularity of the penny stock market has grown, but are these stocks a safe bet?
  2. Options & Futures

    Handicap The Market, Rack Up Gains

    Investing on Wall Street and gambling on The Strip are not as different as they may seem.
  3. Investing News

    5 Famous MLB Players Who Went Broke

    Major League Baseball is one of the biggest and most lucrative industries out there.
  4. Economics

    What is Happening To Atlantic City's Gambling Industry?

    It is quite ironic that Atlantic City, once a bustling seaside resort, home to Miss America Pageant and the inspiration for the iconic “Monopoly” game finds itself in economic doldrums today.
  5. Economics

    Industries That Thrive On Recession

    Find out where to turn when looking to invest in a tumultuous market.
  6. Chart Advisor

    Add Some Sin To Your Portfolio With This ETF

    There are thousands of ETFs on the market but none dedicated to sin stocks. Here's a look at a few alternatives to consider.
  7. As stocks see strong headwinds, investors can take a few tips from a successful short-seller.
    Investing News

    Learn How To Invest Defensively From This Hedge Fund Pro

    With the Dow Jones Industrial Average and the S&P 500 hovering near all-time highs and plenty of investors shifting to a defensive stance, there are plenty of opportunities to bet against the ...
  8. Gambling is defined as staking something on a contingency.
    Investing Basics

    Are You Investing Or Gambling?

    We look at ways in which gambling creeps into trading, and what may drive an individual to trade - or gamble - in the first place.
  9. Investing Basics

    The Downward Spiral Of Trading Addiction

    Trading in the financial markets is stimulating, exciting and engrossing. But one can become addicted, just like with actual casino gambling or illegal drugs. Like any severe addiction, this ...
  10. Trading Strategies

    Follow The Herd In Trading The Capital Market

    If you have ever heard "the trend is your friend" and believed it, you may be a fan of herd instinct mentality. This is an environment where, just like with fashion, masses of people follow a ...

You May Also Like

Hot Definitions
  1. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  2. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  3. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  4. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  5. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  6. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
Trading Center