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Betting on the Super Bowl? The IRS will want a piece of your winnings.
For sports betting which is treated differently, from a tax standpoint, than some other forms of gambling you should receive one if you win at least 600 and, again, at least 300 times the original bet. Even if you don't' get a W-2G, you still are required to report the income.
Sports betting Wikipedia.
Woolley commented on the results, If" some states allow sports betting and profit by it, other states will want to follow" 17 Yet by December 2011, after New Jersey passed its sports betting referendum, the national measure shifted to 4242.
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This website is operated by Platinum Gaming Limited whose registered office is at Sovereign Place, 117 Main Street, GX11 1AA, Gibraltar. Platinum Gaming Limited is licensed by: i The UK Gambling Commission under Account number 45322, ii The Government of Gibraltar under Licence numbers RGL 091 RGL 092 and regulated by the Gibraltar Gambling Commissioner under the Gambling Act 2005.
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