Are casino winnings taxable?
Laws regarding the control and monitoring of gambling vary from country to country. There are countries where offline and online gambling is legal, with taxed winnings. There are also countries that are considered grey areas where there is no clear legislation prohibiting gambling. There is also no legislation concerning the taxation of winnings in grey zones. Finally, in some countries gambling is still illegal even though there is a tendency of legalising both offline and online gambling businesses. For example, if you are from Kuwait, it is a grey gambling zone where the laws are still weak. Since there is no explicit ban on playing online casino games, you are free to enjoy your favourite gambling activities without having to think about the taxation of winnings.