winnings

You're 10 times more likely to die from a fireworks accident than win big cash in the McDonald's Monopoly game, but that won't stop people from choosing McDonald's over any other fast-food place for a few weeks as they try to win a game payout of up to $1 million. After all, as lottery ads often...

This question comes up a lot as people find themselves regularly participating in the social ill of gambling. Most people lose far more than they win. That's why gambling is so stupid. But what if you "get lucky" and win a chunk of money. Do you have to report it? What if you've lost far more than...