If you have used a traditional bookmaker before, but you would like to try cryptocurrency betting, either in a cryptocurrency casino or with a betting site then you will find it easy to change over.But with these new sites putting forward an online casino bitcoin is the main currency to use and it is proving a real hit with online punters new and old.Otherwise, casinos would be making losses.  In many scenarios, virtual currency is likely to qualify as a capital asset.However, not reporting your winnings through Form W2-G does not absolve you from paying taxes on your winnings or filing your winnings to the IRS.