I have had a windfall by using slot machines on a crypto casino. There is confusing information out there about CGT regarding this. It was a windfall and once I turn it into AUD am I subject to taxation. Once again I won playing slots machines.
Hi @Crabapple29
Are you ready for the upcoming bull run! 🚀
If you turn it into AUD and bank it, then you don't have to pay CGT.
Prizes on crypto gambling are not subject to CGT.
However, if you tun it into AUD and decide to invest it, then you'd pay CGT on any profit made.
Say you win 10K. If you invest it and make 5K profit (so 15K in total), then you'd have to pay CGT on the 5K.
Here's some more info on crypto prizes and gambling.
Hi @Crabapple29
Are you ready for the upcoming bull run! 🚀
If you turn it into AUD and bank it, then you don't have to pay CGT.
Prizes on crypto gambling are not subject to CGT.
However, if you tun it into AUD and decide to invest it, then you'd pay CGT on any profit made.
Say you win 10K. If you invest it and make 5K profit (so 15K in total), then you'd have to pay CGT on the 5K.
Here's some more info on crypto prizes and gambling.
15 Apr 2026 · 8 min read time
4 Dec 2023 · 9 min read time
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