LegalSportsBetting.com
  • Home
  • News
  • By State
    • States With Legal Sports Betting
    • States With Horse Betting
    • States With Daily Fantasy Sports
    • Sports Betting Revenue Tracker
  • By Sport
    • NFL Betting Trending
    • College Football Betting Trending
    • UFC Betting Trending
    • NBA Betting Trending
    • NHL Betting Trending
    • College Basketball Betting Trending
    • Super Bowl Trending
    • MLB Betting
    • Esports Betting
    • Tennis Betting
    • Legal Horse Betting
    • March Madness
    • Presidential Betting
    • MLS Betting
    • Olympics Betting
    • XFL Football Betting
    • Virtual Sports Betting
  • Sportsbooks
    • Bovada Review #1
    • BetOnline Review
    • BetUS Review
    • MyBookie Review
    • SportsBetting ag Review
    • XBet Review
    • Brick And Mortar Sportsbooks
Select Page
LSB Feature: What Sports Bettors Should Know This Tax Season

LSB Feature: What Sports Bettors Should Know This Tax Season

by Giovanni Shorter | Apr 3, 2021 11:31 am | Sports Betting

All sports betting wins are considered taxable income and should be claimed on sports bettors’ taxes. The Internal Revenue Service (IRS) requires taxes to be filed if players earn $600 or more. Sports betting fans are able to deduct losses, but only to the amount of...
NV Tries To Lift Required Federal Excise Tax For Sports Betting

NV Tries To Lift Required Federal Excise Tax For Sports Betting

by Christina Monroe | Mar 26, 2021 10:52 am | Regulatory

Nevada congresswoman Dina Titus is looking to get rid of the required 0.25% excise tax on sports betting handle in the United States. The IRS collects millions of dollars from every state with a regulated sports wagering industry each year through this tax that was...
IRS Wants Their Piece Of Daily Fantasy Sports Through Wager Tax

IRS Wants Their Piece Of Daily Fantasy Sports Through Wager Tax

by Christina Monroe | Oct 22, 2020 11:37 am | Regulatory

The IRS has ruled that DFS contests are games of chance and not games of skills which means they are taxable as they would be considered a form of gambling. If the IRS does get the backing it needs to tax the market, they could see millions of dollars annually in...
Federal Excise Tax On Sports Betting Could Be Extended To DFS

Federal Excise Tax On Sports Betting Could Be Extended To DFS

by Christina Monroe | Aug 14, 2020 11:49 am | Regulatory

The IRS is looking to place an excise tax of 0.25% on the Daily Fantasy Sports (DFS) industry which could equate to millions of dollars paid to them each year in taxes. DFS has never been considered a form of gambling which is where an excise tax is enforced but the...

NFL Betting at Bovada

Follow Us On Facebook!Follow Us On Twitter!

Sports Betting By State

  • States With Legal Sports Betting
  • States With Fantasy Sports
  • States With Legal Horse Betting
  • Brick And Mortar Sportsbooks
  • State Revenue Tracker

Legal Articles

  • How Much Is Bet On Sports?
  • History Of US Sports Betting
  • How To End Illegal Betting
  • Local Bookies
  • Regulated Sports Betting
  • Why Make Betting Legal

Sports Betting Laws

  • US Sports Betting Laws
  • Legal Betting Age By State
  • Countries With Sports Betting
  • What Is The Wire Act
  • What Is The UIGEA
  • What Is The GAME Act
  • What Is PASPA

Sports Articles

  • Mobile Sports Betting + Apps
  • Live In-Game Betting
  • Sports Betting Contest
  • Free Picks
  • Famous Sports Bettors
  • Presidential Election Odds
  • Esports Betting

Banking Methods

  • Sportsbook Deposit Methods
  • Fastest Sportsbook Payouts
  • Real Money Sports Betting
  • Sportsbook Bonuses
  • ApeCoin Sportsbooks
  • Apple Pay Sportsbooks
  • Avalanche Sportsbooks
  • Binance Coin Sportsbooks
  • Bitcoin Sportsbooks
  • Bitcoin Cash Sportsbooks
  • Bitcoin SV Sportsbooks
  • Cardano Sportsbooks
  • Cash App Sportsbooks
  • Cashier’s Check Sportsbooks
  • Chainlink Sportsbooks
  • Chime Sportsbooks
  • DogeCoin Sportsbooks
  • Google Pay Sportsbooks
  • Sportsbooks Taking Credit Cards
  • MatchPay Sportsbooks
  • Money Order Sportsbooks
  • Paypal Sportsbooks
  • Polygon Sportsbooks
  • Ria Sportsbooks
  • Samsung Pay Sportsbooks
  • Shiba Inu Sportsbooks
  • Solana Sportsbooks
  • Stellar Sportsbooks
  • Tether Sportsbooks
  • Venmo Sportsbooks
  • Sportsbooks Accepting Vouchers
  • USD Coin Sportsbooks
  • Wire Transfer Sportsbooks
  • Zelle Sportsbooks
  • Sports Betting And Taxes

Legal Sports Betting

  • About Us
  • Contact Us
  • Advertising Disclaimer
  • Problem Gambling

Popular Pages

  • States with Legal Sports Betting
  • Legal Sports Betting Home
  • Legal Sports Betting Age
  • Events
Legal Sports Betting
  • Facebook
  • Twitter
  • RSS