Question by Rich G: Can I offset gambling winnings with losing lottery tickets?
A family member just hit jackpots of ,300 and ,500 in Atlantic City. I’ve heard you can offset gambling winnings if you have non-winning lottery tickets. Is this in fact true? What do they need to do collect them and save them in an envelope for tax time?
Answer by Jack P
Consult a tax expert or an attorney. The top contributors most likely to answer your question have misrepresented facts or deliberately lied consistently concerning the legality of online gambling in their answers here. Either way you’d best get your advice from someone trustworthy.
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