Reporting Gambling Winnings from Social Casinos - Modo and Crown Coins

You're smart to be thinking about this carefully. With gambling winnings, you have two main options: If you itemize deductions on Schedule A, you can deduct gambling losses up to the amount of your winnings. However, you're right that documenting those losses can be challenging. The IRS expects a detailed gambling log showing dates, locations, types of gambling, who you were with, and amounts won/lost. Bank statements showing purchases aren't typically sufficient by themselves. If your standard deduction is higher than your itemized deductions would be (including gambling losses plus other itemized deductions like mortgage interest, charitable contributions, etc.), then mathematically it makes sense to take the standard deduction. For 2025, the standard deduction is $13,850 for single filers and $27,700 for married filing jointly. Either way, you still need to report all gambling winnings on Schedule 1 of your tax return, even if you take the standard deduction. The casinos should provide W-2G forms for large jackpots.

After spending way too many hours trying to figure out my gambling taxes last year, I finally tried https://taxr.ai and it was a huge help with my situation. I also had winnings from social casinos (different ones but same concept), and I was completely confused about how to document everything. Their system analyzed my bank statements, credit card transactions, and the withdrawal records from the casinos, then helped me determine my actual gambling gains vs. just the gross withdrawals. Made it so much clearer what I needed to report and how to document things properly. The best part was they helped me create a proper gambling log that would actually stand up to IRS scrutiny if I got audited. Saved me hours of stress trying to piece it all together myself.

Just wanted to follow up - I tried taxr.ai after seeing your recommendation and it was exactly what I needed! I had a similar situation with social casino winnings (about $28k in withdrawals) but had no idea how to properly report it. The system helped me organize all my transactions and actually showed I only had about $9k in actual gambling profit after accounting for all my deposits. It created a complete gambling log for me that shows exactly how they calculated my net winnings. The documentation looks really professional and thorough. I was planning to just report the full $28k as income and take the standard deduction, but after using their service, I realized I was about to massively overpay on my taxes. Now I feel confident I'm reporting the correct amount and have proper documentation if I ever get questioned.

If you're having trouble contacting the IRS about this gambling income situation, check out https://claimyr.com - I was trying to get clarification on reporting requirements for social casino winnings for weeks and couldn't get through the IRS phone lines. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c After using their service, I got connected to an IRS agent in about 15 minutes who answered all my questions about reporting requirements. The agent confirmed that I needed to report the income on Schedule 1 (not Schedule C as some people had told me), and explained exactly what documentation I should keep. Would've spent another month trying to get through without this service - totally changed my perspective on dealing with the IRS.

I need to eat my words from my skeptical comment above. After struggling for another week trying to get through to the IRS, I broke down and tried Claimyr. Within 45 minutes, I was talking to an actual IRS representative who answered all my questions about reporting my social casino winnings. The agent clarified that I should report the full amount of withdrawals on line 8z of Schedule 1 as "Other Income" and write "gambling winnings" in the description. She also explained exactly what documentation I need to keep (bank statements showing deposits to the platforms, withdrawal confirmations, and any activity records I can get from the platforms themselves). For anyone with similar tax questions that need IRS clarification - this service is legit. Saved me hours of frustration and now I have clear guidance directly from the IRS on how to handle my situation.

Something nobody has mentioned yet - did you get any tax forms from these social casinos? I play on Modo sometimes and won a big jackpot last year (cashed out about $5k), but they never sent me any tax forms. Seems weird if they're supposed to report it.

Has anyone had success deducting losses from these social casinos? I know for regular gambling you can deduct losses up to the amount of winnings if you itemize, but I'm not sure if it works the same way for these social casino platforms. I've kept pretty good records of my deposits and withdrawals.

Based on all the discussion here, I think you're making the right call to keep it simple and just report the winnings with the standard deduction. With $33,000 in withdrawals, you'd be looking at a significant tax bill either way, but trying to document losses from social casinos can be really tricky. Since these platforms don't operate exactly like traditional casinos, creating a gambling log that would satisfy IRS requirements for an audit could be challenging. Your bank statements showing coin purchases help, but the IRS typically wants much more detailed records - dates, times, specific games played, amounts wagered per session, etc. Unless your total itemized deductions (including gambling losses) would significantly exceed the standard deduction amount, it's probably not worth the added complexity and audit risk. You'll pay more in taxes upfront, but you'll have peace of mind knowing your return is straightforward and well-documented. Just make sure to report the full $33,000 on Schedule 1 as "Other Income" and keep all your withdrawal confirmations and bank records showing the deposits to these platforms.

One thing to consider that might help your decision - even though you're leaning toward taking the standard deduction, you should still calculate what your itemized deductions would be to make sure you're not leaving money on the table. If you have significant other itemized deductions (mortgage interest, state/local taxes, charitable contributions, etc.) that when combined with your gambling losses would exceed the standard deduction, it might be worth the extra documentation effort. For your $33,000 in withdrawals, you'd need to figure out your total deposits to these platforms to calculate your actual gambling losses. If you deposited, say, $45,000 total but only withdrew $33,000, then you'd have $12,000 in gambling losses you could potentially deduct. The key is whether (gambling losses + other itemized deductions) > standard deduction amount. If not, then yes, definitely go with the standard deduction approach for simplicity. But if the math works out in your favor, the extra documentation might be worth thousands in tax savings. Either way, keep detailed records of everything - the IRS can always ask questions later, and having good documentation will help regardless of which approach you choose.

I went through something very similar last year with about $25k in social casino withdrawals. After going back and forth on whether to itemize or take the standard deduction, I ended up itemizing and it saved me around $2,800 in taxes. The documentation process wasn't as scary as I thought it would be. I gathered all my bank statements showing deposits to the platforms, downloaded transaction histories from both casino apps, and created a simple monthly summary showing total deposits vs withdrawals. I also kept screenshots of major wins and my account balances over time. For someone in your situation with $33k in withdrawals, definitely calculate your total deposits first. If you're like most players and deposited more than you withdrew, those losses could be substantial. Even if you don't have perfect session-by-session records, the combination of bank statements, platform transaction histories, and withdrawal confirmations should provide adequate documentation for the IRS. One tip: contact the social casino customer service and ask for a complete transaction history for the tax year. Most platforms can provide this, and it makes your documentation much stronger than just relying on bank statements alone. The peace of mind from potentially saving thousands in taxes was worth the extra paperwork for me. Just make sure to keep everything organized in case you ever need to reference it later.

Reading through all these responses, it sounds like you have a few solid options to consider. The key question is really whether your total itemized deductions (gambling losses + mortgage interest + state/local taxes + charitable contributions, etc.) would exceed your standard deduction. Based on what others have shared, I'd suggest taking these steps: 1. Calculate your total deposits to both Modo and Crown Coins for the year - this will give you your maximum potential gambling losses 2. Contact both platforms' customer service to request complete transaction histories in CSV format (as others mentioned, they usually have much more detailed records than what shows in the app) 3. Add up all your other potential itemized deductions to see if the total would beat the standard deduction If the math works out in your favor, the documentation process seems much more manageable than initially expected. You already have bank statements and withdrawal confirmations, and the platform transaction histories would fill in the gaps. However, if your other itemized deductions are minimal and you'd only be slightly over the standard deduction threshold, it might not be worth the extra complexity for a small tax savings. Either way, definitely report the full $33k as gambling winnings on Schedule 1. The choice between standard vs itemized deductions is separate from reporting the income itself. Good luck with whatever approach you choose - sounds like you're being appropriately careful about getting it right!

For what it's worth, I think you're being smart to carefully consider your options here. With $33k in withdrawals, this isn't a small tax issue to brush off. From everything I've read in this thread, it really comes down to doing the math on whether itemizing would save you money. If you deposited significantly more than the $33k you withdrew (which sounds likely since you mentioned losing more than you won), those gambling losses could be substantial. The documentation requirements seem less intimidating than I initially thought based on others' experiences. Bank statements + platform transaction histories + withdrawal confirmations appears to be adequate for most situations. And the fact that you can get detailed CSV files from the platforms makes the record-keeping much more manageable. I'd suggest at least running the numbers before deciding. Calculate your total deposits, then see if (gambling losses + other itemized deductions) beats your standard deduction. If it's close, maybe go with standard for simplicity. If there's a meaningful difference, the extra documentation effort could be worth thousands in tax savings. Whatever you decide, definitely report the full $33k as income - that part isn't optional. But you have good options for how to handle the deduction side of things.

You've gotten some excellent advice in this thread! Based on everything discussed, I'd recommend taking a hybrid approach to make your decision: First, definitely contact both Modo and Crown Coins customer service to request complete transaction histories in CSV format for 2024. Be upfront that it's for tax purposes - they're used to these requests and will provide more comprehensive records. Once you have those detailed records, calculate your total deposits versus your $33,000 in withdrawals. This will give you your actual gambling losses. Then add up all your other potential itemized deductions (mortgage interest, state/local taxes, charitable contributions, etc.). If (gambling losses + other itemized deductions) significantly exceeds your standard deduction, it's probably worth itemizing. Several people here saved thousands by taking this approach, and the documentation requirements seem much more reasonable than initially feared. However, if the difference is marginal (say, less than $1,000 in potential tax savings), the standard deduction route might be worth it for the simplicity and peace of mind. Either way, you absolutely need to report the full $33,000 as gambling winnings on Schedule 1. The choice between standard and itemized deductions is separate from reporting the income itself. Keep all your records organized regardless of which approach you choose - good documentation protects you whether you itemize or not.

This thread has been incredibly helpful - thank you to everyone who shared their experiences! I'm dealing with a similar situation (about $18k in withdrawals from social casinos) and was completely lost on how to handle it properly. The advice about requesting detailed transaction histories directly from the platforms is gold. I just contacted customer service for both apps I used and they were able to provide comprehensive CSV files going back to the beginning of 2024. Having that level of detail makes calculating actual net losses so much easier than trying to reconstruct everything from bank statements. After running the numbers, I discovered I actually deposited about $24k total throughout the year, which means I have $6k in gambling losses I can potentially deduct. Combined with my mortgage interest and state taxes, itemizing will save me around $1,400 compared to the standard deduction. For anyone else in a similar position - definitely take the time to get the platform transaction histories before making your decision. The documentation is much better than I expected, and the potential tax savings make it worth the extra effort to do the math properly.

Looking at your situation with $33k in withdrawals from Modo and Crown Coins, I'd strongly recommend following the systematic approach others have outlined here. The potential tax savings could be substantial if you have significant gambling losses to offset those winnings. Here's what I'd suggest: First, contact both platforms' customer service immediately to request complete transaction histories in CSV format for 2024. Be clear it's for tax purposes - they're familiar with these requests. Then calculate your total deposits versus the $33k you withdrew to determine your actual gambling losses. If you're like most players and deposited more than you withdrew, those losses could be significant. Add them to your other itemized deductions (mortgage interest, state/local taxes, charitable contributions) and compare to the standard deduction. Several people in this thread saved $1,400-$2,800 by itemizing instead of taking the standard deduction. The documentation requirements aren't as scary as they initially seem. The CSV files from the platforms combined with your bank statements and withdrawal confirmations should provide adequate records for the IRS. You don't need a detailed daily gambling diary - just be able to show the money trail and substantiate your claimed losses. Even if you ultimately decide to take the standard deduction for simplicity, at least you'll know you made an informed choice based on actual numbers rather than assumptions. Either way, definitely report the full $33k as gambling income on Schedule 1 - that part isn't optional regardless of which deduction method you choose.

After reading through all these detailed responses, I think you're in a great position to make an informed decision. The consensus seems clear: get those detailed transaction histories from both Modo and Crown Coins first, then do the math. What really strikes me about this discussion is how manageable the documentation process actually is compared to the horror stories you hear about gambling loss deductions. The fact that these platforms can provide comprehensive CSV files with all transaction details makes this so much easier than trying to recreate everything from scattered bank statements. Given your $33k in withdrawals, if you're like most players and deposited significantly more than that throughout the year, your gambling losses could be substantial enough to make itemizing worthwhile - especially when combined with mortgage interest and other standard itemized deductions. The key insight from everyone's experiences here seems to be: don't assume the standard deduction is automatically better without running the actual numbers. Several people saved thousands by taking the time to properly calculate their losses and itemize, while others found the standard deduction was still better for their situation - but at least they made an informed choice. Either way, you're absolutely right to report the full $33k as gambling income. The documentation approach others have shared (platform CSV files + bank statements + withdrawal confirmations) should give you solid records whether you itemize or not. Good luck with whichever route you choose!

This has been such a valuable discussion! I'm actually in a very similar situation with social casino winnings from different platforms, and I was completely overwhelmed trying to figure out the tax implications. The step-by-step approach everyone has outlined is brilliant - contact the platforms for detailed CSV transaction histories, calculate actual net losses, then compare itemized vs standard deduction based on real numbers rather than assumptions. I had no idea these social casinos kept such comprehensive records that they could provide in a usable format. What really convinced me to take this seriously is seeing the actual tax savings people achieved - $1,400 to $2,800 is nothing to sneeze at! And the documentation requirements seem much more reasonable than I initially feared, especially with the detailed platform records available. I'm definitely going to request those transaction histories this week. Even if I end up taking the standard deduction for simplicity, at least I'll know I made an informed decision based on the actual math rather than just guessing. Thanks to everyone who shared their real experiences navigating this - it's exactly the kind of practical guidance you need when dealing with these complex tax situations for the first time.

This entire discussion has been incredibly enlightening! As someone who's been lurking on tax forums trying to figure out my own social casino situation, this thread answered questions I didn't even know I should be asking. The methodical approach everyone has outlined is spot-on: get those detailed CSV transaction histories from the platforms, calculate your actual net gambling losses, then run the math on itemized vs standard deductions. What really impressed me is how several people achieved substantial tax savings ($1,400-$2,800) by taking the time to properly document their losses instead of just paying taxes on gross withdrawals. The documentation requirements seem much more manageable than I initially thought. Having the platforms provide comprehensive CSV files changes everything - it transforms what could be a nightmare of reconstructing records into a straightforward process of organizing existing data. For your specific situation with $33k in withdrawals, definitely start by contacting Modo and Crown Coins customer service for those complete transaction histories. If you deposited more than you withdrew (which sounds likely based on your comments about overall losses), those gambling losses combined with your other itemized deductions could result in significant tax savings. Either way, you're being smart to think this through carefully rather than just guessing at the best approach. Thanks to everyone who shared their real experiences - this kind of practical guidance from people who've actually navigated these issues is invaluable!