0 votes
Do you pay taxes on sports bets?

2 Answers

0 votes
Your gambling winnings are generally subject to a flat 25% tax. However, for the following sources listed below, gambling winnings over $5,000 are subject to income tax withholding: Any sweepstakes, wagering pool (including payments made to winnners of poker tournaments), or lottery.
0 votes
How to Pay The IRS Taxes on Sports Betting



Welcome to real money games site, Crispy Croissants - Magazine artistique
...