Ask Larry

What Should I Do Since I'm Receiving SSI And I Won $2000 At A Casino?

Im on supplemental security income and I won $2000 at casino, whats going to happen to my benefits & what should I do?

Hi. You're required to report your winnings to Social Security, so you should do so ASAP. Supplemental Security Income (SSI) is needs based, so any type of income you receive could reduce your SSI payment rate for at least one month. And, there is also a $2,000 asset limit for SSI eligibility, so your winnings could affect your eligibility for SSI payments as long as your countable assets exceed the $2,000 limit.

Best, Jerry

Posted: 
Mar 4 2023 - 1:36pm
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