Generally speaking, the term “professional” gambler refers to an individual who realistically expects to profit from their gambling activities, and the gambling activities constitute a source of income.

Canada Revenue Agency (CRA) considers several factors when deciding if someone is a professional gambler, thereby making their gambling activities a business, and their profits taxable.

Some factors include, if the person:

• gambles frequently, regularly or on a full-time basis,
• expects to make a living by gambling, rather than gambling only for pleasure,
• has highly organized gambling activities,
• has special knowledge or inside information that enables them to reduce the element of chance,
• travels to play in tournaments,
• attends conferences for professional gamblers,
• practices and/or takes courses/lessons to improve their gambling skills, etc.

How much tax do professional gamblers pay?

How much tax a professional gambler is required to pay CRA is similar to that of other businesses and depends on the amount of income they earn and the deductions and losses they are entitled to claim.

								
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