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The betting establishment will likely send you a Form W-2G, Certain Gambling Winnings, from the betting establishment if your winnings are at least 300 times what you bet and over $600 (or otherwise subject to federal income tax withholding).
Even if you don’t receive a Form W-2G, you are still required to claim the winnings as income on your taxes. You may also be able to deduct any gambling losses as an itemized deduction, but don’t report those losses on the “Other Income” line; instead, report your gambling losses on a Schedule A, Itemized Deductions.