Do you pay taxes on casino winnings on a cruise ship?

US cruise ship gambling tax If your winnings are reported, federal taxes will be withheld at a flat rate of 24% of the amount. If your winnings fall under the thresholds, you won't be given a form but you can self-report your winnings on an IRS Form 1040.



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In fact, many cruise ships will give you a W-2G, just like a land-based casino, and report your taxable wins to the IRS, just as a land-based casino would. If they report it, you have to report it, and take the steps you need to if you want to try to offset your winnings with losses.

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Most cruise ship casino games operate under the same rules and payout percentages you would find in a land-based casino; therefore, the answer is yes, you can win money in a cruise ship casino.

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Most slot machines will just take your cruise card, but some will also take cash. Very few cruise ship casinos are cash-only but a few do exist. (Windstar and Silversea are examples.)

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In addition to security, it's also helpful to have cash as some places — such as smaller souvenir shops or taxi cabs — don't accept credit cards. Credit card usage simply isn't as widespread as it is in the United States.

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Many people suggest $100 per day, and this has generally worked well for me in my cruising experiences, but there are a lot of variables to consider. Here are some guidelines to help you decide how much money to bring on a cruise.

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You are certainly welcome to bring cash to enjoy your vacation experience. There are ATM services onboard and limited currency conversion services. There is a withdrawal fee to use the ATMs onboard.

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Enjoy Cashless Wagering at the slots and table games. Guest can charge up to $5,000.00 per day with their SeaPass card to their onboard folio account when a valid credit card is posted. ATM are located in the Casino.

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