The sports betting tax rate in Pennsylvania will remain at 36% despite discussions to raise it up to 54%. HARRISBURG, Pa. – After much consideration on whether the state was going to increase gambling taxes, the newly signed 2025-26 Pennsylvania budget will not include any … Read more
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 … Read more
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 … Read more
Three major commercial MA casinos have submitted a joint sports betting proposal to the state. The proposal would give casinos and DFS operators exclusivity to offer sports betting products. Sports betting would be taxed at a “single-digit” rate. SPRINGFIELD, Mass. – Massachusetts gaming operators submitted … Read more
