AnswerMan asked:

I know that theoretically, you might have to. But do people really report it? I’m asking because a friend of mine said he won $50,000 and had the winnings electronically transferred to his bank account. Would that transfer be reported to the IRS?

Skills of Poker
Sharon M asked:


These professional poker players who play all the time, how does that work with the IRS? Not tournament play. but high stakes cash games

Texas Holdem Strategy