IRS Year Deadline 2021 April 15, 2022 2020 July 15, 2021* The Internal Revenue Service (IRS) requires individuals to report all gambling winnings, including sports betting, on their
Record Keeping
IRS Tax rate Federal tax revenue from gambling 24% $9.6 billion The Internal Revenue Service (IRS) states that gambling winnings are taxable income. Any winnings from sports bets