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Generally, if you are receiving Social Security retirement benefits before you reach your full retirement age (66 for current retirees), then your benefit will be reduced to offset earned income. No, only earned income is counted for Social Security purposes. Gambling winnings are only considered income if you claim the income a self-employment income. This article states, that social security takes fraud against the social security office seriously, but they do not care if people on social receives their benefits. The social security will just say that it is out of their hands- no investigation and no action.
The Social Security Administration, however, may determine that some claimants do not have either the physical or mental capability to manage their own financial affairs and they will assign a Social Security Disability representative payee to help the claimant. If you're still working, you can apply for Social Security disability benefits. To qualify for these benefits, you must be able to prove that you have a disability that prevents you from earning enough each month to cover your expenses. Also, your monthly income should be lower than $900 per month.
It will depend on several factors: first is the type of Social Security disability income you are receiving. If you are receiving only SSDI (Social Security disability insurance) benefits, then, unless Social Security decides that you earned your winnings, the income won't matter to your receipt of SSDI benefits (but it might affect any other benefits you are receiving).
If you are receiving any SSI benefits, then that benefit or the amount of benefit you receive will definitely be affected by your gambling winnings. You may become ineligible for SSI benefits until you have 'spent down' your winnings so that you have less than $2000 total (including the value of any other countable resources you have) in resources. The first month of receipt, your winnings would be considered to be income, it is likely you would be 'over income' (have too much income), the next month, any money you have over the $2,000 limit would make you ineligible because of excess sources.
If you become ineligible for SSI cash benefits, you may also become ineligible for Medicaid and might see your eligibility for other types of benefits, foodstamps, housing, etc., affected as well. Here is a link to information about SSI benefits http://www.ssa.gov/pubs/11000.html
It would be wise for you to determine what type of Social Security disability benefits you receive, as the type of benefit(s) you are receiving makes a big difference in how much of an effect, if any, your gambling winnings will have on your eligibility for Social Security disability benefits and/or any other benefits you are currently receiving (food stamps, etc.).
Social Security Disability And Settlements
The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is licensed to practice law only in the State of Oregon. Responses are based solely on Oregon law unless stated otherwise.
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