casing out and taxes

i have finally reached apoint where i should be able to cash out $60 to $100 per week took me 3yrs. to get here. if i do this say 40 times this year will i owe any taxes? thanks in advance.

How are you cashing out? Bank wire, check? To be honest if the sums are that low I wouldn't bother reporting it. If you're cashing out 1k a week you might consider becoming an LLC and writing off losses/expenses etc and doing it the legit way.

always keep great records and report your winning. And pay your taxes. It is not worth the hassle if the irs catches you.

I would agree that the amount is not big enough for the IRS to go after. If you get a big win and take out over 10k then you would need to make sure it is reported.