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

CPA Practice

FEBRUARY 9, 2024

Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah. Gambling winnings tax If you are one of the millions to place a bet this year, you need to know that the IRS considers sports betting to be gambling.

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Gambling Tax Sports South Carolina 122
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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

AUGUST 24, 2018

Fear of encouraging gambling addicts is the main reason that keeps some other states (or banks) from following Ohio’s leads, according to comment from state politicians and other observers. In a handful of states, including Tennessee and South Carolina, lottery tickets may only be bought with cash.”

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Ohio Gambling South Carolina Connecticut 41
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