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How do taxes work for winnings from online poker/gambling sites based outside the US?

beatzscientifik posted: If you win $50,000+ from an online poker/gambling site based outside the US, is there any way to cash out the money without having to pay taxes? If not, can someone explain how taxes would work? Casino Cash Surprise

UK Regulators Ban Lottery Ad for Excessive Gambling Promotion

The Advertising Standards Authority of the UK said an ad for online lottery gambling encouraged excessive play, and thus is banned. Go to Source

Sports Network ESPN allows online gambling adverts

America’s most popular sports news website and network ESPN is now allowing the online gambling operator Youbet.com to advertise online.  Go to Source

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