Quote from: GigaBit on August 20, 2024, 11:59:14 PM

Quote from: shanz on August 19, 2024, 01:16:17 PM

When we research online, we often find that gambling winnings are considered passive income because they rely on luck and don’t require continuous effort. However, I don’t consider gambling, especially sports betting, to be passive income. You know, professional gamblers put in significant work to analyze matches—they read news, collect data, create strategies, engage in discussions, and some even use AI to compare results...Well it's a whole process Wink

While luck is a factor (of course), the substantial effort and skill involved make sports betting distinct from typical passive income. Therefore, I believe that sports betting winnings should be classified as active income, similar to trading or commerce, which involve both risks and the potential for profit or loss, like in any business.

This is only my point of you... what do you think Huh

As far as I know ‍winning from gambling income will not be treated as passive income. Because gambling is not a source of income where a gambler can earn income on a regular basis. As in this platform risk and fear of loss are constantly working. Gamblers are not able to generate any reliable income due to sometimes wins and losses, which is why gambling cannot be considered a source of passive income. Gambling should not be called as a source of income, if we separate it as a category, it can be called as active gambling and active income because the gambler can directly involved in it.

gambling can be a source of regular income if you are a good gambler
most places will tax it as income if you pay taxes
but I agree that it's not passive at all... way more active than many other things, and risky too