Be sure to review the taxation rules and regulations set forth by the state carefully before submitting your taxes. You will need to submit all of the necessary documents and forms when filing with the state government. Once you have calculated your winnings and losses, you can then move on to filing your taxes and declaring your overall winnings. Step 4: File Your Taxes & Declare Your Winnings It is important to keep accurate records in order to remain compliant with the state government’s taxation rules and regulations for online casino gambling operations in New Jersey. Once you have gathered all of your documents and forms, you can begin to calculate your overall winnings and losses from both online casinos and land based casinos.

Any other related documentation such as receipts.

Copies of online casino gambling statements.

These include copies of your online casino gambling statements, bank statements, and other related documentation.

In order to declare your winnings, you will need to gather the necessary documents and forms.

Make sure to review the information found on the New Jersey Department of Revenue website for a full explanation of these rules and regulations. For more information on New Jersey gambling laws, feel free to check out the links to the websites listed below. Before you begin to declare your winnings and losses from legal online gambling operations in New Jersey, it is important that you understand the taxation rules and regulations set forth by the state. Note: State laws are constantly changing - contact a New Jersey gaming attorney or conduct your own legal research to verify the state law(s) you are researching.

Is online gambling legal in nj