- Vesuvius -. Naples is the capital city of the Campania region and the Province of Naples. Its metropolitan area is the second most populated in Italy and one of the largest in Europe. It is located halfway between the volcano, Vesuvius and a separate volcanic area, the Campi Flegrei.
You report gambling winnings as other income on line 21 of Form 1040, but you must itemize to deduct losing bets. If you have few other expenses to claim on Schedule A, it probably won't be worth sacrificing your standard deduction amount just to limit or erase your taxable winnings. Do the math to make sure.
For states that add heavily taxed commercial casinos, the windfalls can be significant. Pennsylvaniaâs 11 casinos generated more than $1.4 billion in gambling taxes in the most recent fiscal year. Marylandâs four casinos have paid about $350 million in gambling taxes in 2013.