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

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

Bankroll Management Statistic Value Reference Number of sports bettors who lose money due to poor bankroll management 90% SportsBettingDime Recommended percentage of bankroll to bet per game 1-5%