SPORTS BETTING GETS A GREEN LIGHT. DON'T FORGET UNCLE SAM WILL WANT HIS TAXES

You will pay taxes on your achieve winnings or your wins minus your losses.

There Are No Tax Exemptions in the United States

At the same time as a US citizen, winnings that you come into possession of count at the same time as income. There is a noticeable exclusion to this rule in the UK. Tax laws vary greatly from individual country to another. You can account your losses as an itemized abstraction. Now, other states could follow the Garden State's lead.

How to Accurately Report Your Wins and Losses

You can report your losses as an itemized deduction. That is the accountability of the client. One thing so as to we can say for sure is that win or lose, not a lot of people come away from fighting along with the IRS happy. At SportsBettingDime.