The quantity of losses you deduct cannot be far more than the amount of gambling revenue you reported on your return. Claim your gambling losses up to the quantity of winnings, as "Other Itemized Deductions." You nevertheless may not win any cash if you adhere to these guidelines, but you will not get in difficulty and you will have a much far better time. For lotteries, the state government collects a share of income from all purchased tickets. The remaining funds goes to prizes, retailer commissions, and administrative expenses (including advertising). MGL c.23K Massachusetts Gaming Commission
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