Yes, You Gotta Pay Taxes on Winnings
Mar 17 | 2025
Image by Vu Huy Hoang Chu for Unsplash
Do You Really Have to Pay Taxes on Sports Betting Winnings? Short answer: Yes. Long answer: Yes – and here’s why. The IRS considers gambling winnings taxable income. That means you’re required to report everything from your Super Bowl squares to that last-minute NBA prop bet. Even if you’re betting with an online sportsbook or