IRS · W-2G · State Tax
Betting Tax Calculator
US bettors owe 24% federal tax on gambling winnings plus state tax. Calculate your tax liability in every legal betting state and see your real take-home after the IRS.
$3,000.00
$1,200.00
$537.50
$1,737.50
$1,262.50
57.9%
Yes
IRS Rules: Gambling winnings are fully taxable. You can deduct losses up to your winnings ONLY if you itemize (Schedule A). If you take the standard deduction ($14 600), you pay tax on gross winnings with no loss offset. You receive a W-2G for net winnings over $600 or 300× your bet.
Sportsbooks report to the IRS. Don't skip reporting — penalties are 25%+ of unpaid tax.
18+ educational calculator
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