Home / Gambling Winnings Tax Australia
Just had a big win on the pokies and wondering if the tax office will want a share? For most Australian players the answer is good news. This guide explains how gambling winnings are generally treated in Australia, the exceptions to know about, and what to keep in mind when you withdraw.
This page is general information only and is not tax or financial advice. Everyone's situation is different. For advice about your own circumstances, speak to a registered tax agent or check the Australian Taxation Office website at ato.gov.au.
In Australia, gambling winnings are generally not taxed for recreational players. Winnings from pokies, casino games, lotteries and betting are usually treated as the result of luck rather than income, so they are not normally included in your taxable income.
That applies whether you win AUD 50 or AUD 50,000, as long as gambling is a hobby for you and not a business.
| Recreational player | Professional gambler | |
|---|---|---|
| How gambling is treated | A hobby or entertainment | Run like a business |
| Winnings taxed | Generally no | May be treated as income |
| Losses deductible | Generally no | May be claimable |
Being treated as a professional gambler is rare. It usually involves things like gambling as your main source of income, operating in a systematic and organised way, and treating it as a business. If you think this could apply to you, get professional advice.
If you put your winnings in a bank account, the interest you earn is normally taxable income, just like interest on any other savings.
If you invest your winnings, for example in shares or property, the income or capital gains from those investments can be taxable.
If you receive government payments, a large win could affect your assets or eligibility. Check with Services Australia about any reporting rules that apply to you.
Generally no. For recreational players, pokie winnings are not usually treated as taxable income.
Recreational players generally do not need to include gambling winnings as income. If you are unsure about your situation, check with a registered tax agent.
Recreational players generally cannot claim gambling losses as a tax deduction.
No. IW99 does not deduct tax from player withdrawals.
Usually yes. Interest earned on money in the bank is normally taxable income, wherever the money came from.
Follow our step-by-step guide to withdraw your winnings to your bank account.
How to withdraw18+ only. General information only, not tax advice. Please play responsibly and set limits that work for you.