Special Trivia Question for 2/3/2026 (Gambling and the OBBBA)
The IRS has a fairly broad definition of gambling. Which of these activities is not considered gambling?
A. Bingo
B. March Madness Office Pool
C. Wheel of Fortune winnings
D. Raffle winnings
E. Online sportsbooks
Generally, to be classified as gambling, there needs to be some wagering or risk of loss in a game based on skill and/or chance. Game shows usually do not fit the bill because from a monetary standpoint, contestants have upside but no downside.