article thumbnail

Betting on the Super Bowl? Don’t Forget About Taxes

CPA Practice

However, if you are among the 68 million people expected to place bets on the big game, you need to know that taxes are part of the equation. Super Bowl LVIII kickoff time Before delving into IRS sports betting tax rules, it’s good to have the key details of the game. And income from gambling winnings is taxable.

Gambling 122
article thumbnail

Ohio Lottery Makes A New Bet on Mobile

PYMNTS

A few years ago, for example, Scientific Games Corporation and InComm released North America’s first lottery retail gift cards. Pat McHugh, senior vice president of North American lottery systems at Scientific Games, said at the time that the gift cards will add a degree of flexibility to an already popular market. “Any

Ohio 41