Tax Question

[Madslasher]

After you win your millions, does the legal U.S. sites send you a tax form at the end of the year? Just in case I am fortunate to win. lol

 

[lynnspyn]

bookies are not going to pay you out millions unless you are playing lotteries with legal us sites. Assuming they will send you a form

 

[Madslasher]

bookies are not going to pay you out millions unless you are playing lotteries with legal us sites. Assuming they will send you a form

I was actually wondering about the legal online books. I’m located in PA and it is the wild Wild West here now that they legalized online sports betting. Every site is giving out good bonuses. I’m just wondering how much you have to win before they send you a tax form. 1099?

 

[brendanjack]

Every state has its caps. Anything in the state of ny over 600 is taxed . Nevada I believe is 10k so look up Pa I’m sure it’s probably around 1k or so