Amid sports betting boom, a new study found a 23% jump in people searching for the phrase: "Am I addicted to gambling?" ...

We cover everything to do with taxes on gambling winnings in the US, including claiming losses & what happens if you don’t ...

For the fourth time, American lawmakers are campaigning to eliminate tax on sports wagering, which they claim is outdated.

A Hawaii sports betting bill took another step forward by passing its second committee in the state without any legal ...

Sen. Richard Blumenthal and Rep. Andrea Salinas have reintroduced legislation using US sports betting taxes to tackle ...

GREENSBORO, N.C. — As sports betting grows in popularity ... Not all sports bets result in a tax form. Straight bets, like picking a team to win, typically won’t meet the 300-times requirement.

With the new legislative session underway, a state representative is renewing his call to legalize sports gambling in ...

GeoComply reported that 17,000 sports betting accounts created in legal wagering states were accessed in Texas during Super ...

If you win big on Sunday, it won't have an impact on your taxes this year — but, you'll want to keep a record for next year.

According to the IRS, winnings from sports betting—or any form of gambling, including horse racing and lotteries—must be listed as “other income” on your tax return. If you won at least $6 ...

Michigan commercial and tribal operators reported a combined $2.9 billion iGaming gross receipts — up 23% from 2023.

The Institute of Community Sustainability recently challenged the government to raise the withholding tax from 10% to 50% in order to dissuade young people from sports betting. They argued that ...