All US players need to pay taxes on sweepstakes winnings once a certain threshold has been passed and you may also have to pay an additional tax according to the laws in your state. The first thing worth noting here is that you will not have to pay taxes every single time that you redeem a cash prize from Chumba, no matter the size. Chumba Casino taxes - Redeeming cash prizes How this works will be a little bit different depending on which of the 49 accepted states you’re playing from, but we’ve covered the main points in more general terms below. Where Chumba Casino taxes could potentially come into play is when redeeming cash prizes using your new sweeps cash coins. When making purchases for Gold Coins at Chumba Casino, you have absolutely nothing to worry about with regards to taxes and extra costs. Do you have to pay taxes on Chumba Casino winnings ? As a side note, when you are buying GC, look out for special Chumba Casino promo code packs, as they come with a free SC bonus. In other words, there are no hidden costs or taxes that you will have to pay on top of the listed prices. The prices of the Gold Coins (GC) packages that you can buy very much fall into the category of “what you see is what you get”. However, as we detailed in our Chumba Casino review, you can make Gold Coins purchases. As we said above these can actually be played for free without the need for any financial transactions to take place between you and Chumba. You do not have to pay any taxes simply for the act of playing the casino-style games at Chumba. It is because of these potential cash prizes that the issue of Chumba Casino taxes is often raised with us here at .ĭo you have to pay taxes on Chumba Casino ? The most notable thing about SC is that they can be traded in for cash prizes. This is the second form of virtual currency at Chumba Casino that cannot be bought but can only be acquired through winning and offers, including the Chumba Casino slots sign up bonus. Where money does come into it is if you choose to play in standard mode using Sweeps Coins (SC).
You play at this casino using virtual currency, and if you so wish, you could keep playing for free without ever putting money into Chumba or receiving anything in return.
This is an important distinction that has to be made, as you are never actually betting any money when using the Chumba Casino app.
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