- Things to know about gambling
It is impossible to control or predict the moment when a slot machine or video lottery terminal will pay out, regardless of the time spent playing on it or the amount of money bet. Chance is the only determining factor. The outcome of each game is randomly determined at the exact instant the player presses PLAY. Each game is independent from the previous one. Certain lucky players win the first time they play, while others will win only rarely or very small amounts. Of course, some players will win the jackpot... they are the luckiest of all.
When playing, the important thing to do is to set a limit on the time and money to be spent playing and to never exceed those limits, regardless of whether you win or lose. If you continue to play because you feel lucky (you just won) or need to “catch up” (you lost money), you are likely to lose money.
For more information on setting limits and on how machines work, go to the Things to know about gambling on our web site, particularly the brochure entitled Gambling machines or our video Video Lottery Terminal: What every player needs to know.
Playing games of chance consists in betting money or goods on an activity whose outcome is based entirely or partly on chance, and where there is a risk of losing the bet.
An informed player sets limits for the amount of money and time to spend playing and frequency of play, and, more importantly, sticks to those limits. Limits vary according to each player and must be set in consideration of his or her personal and financial situation.
To discover strategies to limit the risk of losing control over your gaming habits, go to our Be an informed player page.
Lottery winnings are not taxable. Thus, no federal or provincial taxes are payable on the winnings themselves.
However, revenue generated by this capital (interest or other revenue) is taxable.
Taxation laws on investment income are complex. Taxation measures vary according to circumstances and type of investment. A person who wins a large sum in a lottery may benefit from the services of a tax specialist or the help of an agent from the Québec Ministry of Revenue or the Canada Customs and Revenue Agency.
Thank you for your question.
Test your gambling habits and discover your player profile.
Is gambling becoming a concern to you or someone around you?