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Legal tracks wagering online for US players

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Do I need to pay taxes on my winnings


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Frequently Asked Questions

What's the situation with taxes? I saw many different opinions and it's always confusing.

Yes, you must taxes on winnings. It's a requirement by the IRS. For all gambling winnings in the amount of $600 or more if such winnings are at least 300 times the amount of a single wager. Also, winnings of more than $5,000 from a wagering transaction are subject to federal income tax withholding and 25% of the payoff must be withheld.

Of course you may see different requirements by state but it's better to reach the support team of your betting site. Everything is organized very well by the bookies and it's not a problem. You need just to win enough and follow the instructions.

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For any issue with online gambling use National Council of Problem Gambling toll free at 1 (800) 522-4700

 USA

- Gamblers Anonymous - Council on Complusive Gambling - National Council on Problem Gambling -

It's recommended to bet responsibly with personal limits. Online betting and gambling have risk of addiction and substantial losses of your money. This website doesn't accept players and does not encourage to bet online.

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