Underreported taxes on bettors’ gambling winnings leave IRS $1.4 billion short
Sports Game · 2024-10-05
Underreported taxes on bettors’ gambling winnings leave IRS $1.4 billion short
While the broad legalization of sports betting has meant big wins for plenty of fans, the biggest losers could soon be coming for their share of the pie.
Of course, that’s not the operators, who are reported to have made more than $11 billion in 2023, but rather, the IRS, who according to a new report left roughly $1.4 billion on the table between 2018 and 2020, as cited by Bloomberg.
Popular articles
1spin4win releases unique slot Don Catleone Hold and Win featuring gangster cats
Online Game
Kazakhstan plans to penalise online casino promotions
Regulation
Manila delivers: Highlights from SiGMA Asia 2026
Southeast Asia
DB Gaming Is One of Asia’s Top-Tier Game Solution Providers, Recognized as a Pioneer in the Asian Gaming Industry.
Marketing
PropellerAds Shared a New iGaming Case Study: 97,674 Installs and 12,701 Deposits in 3 Months
Marketing
Full House at GAT Expo Cartagena 2026 Academic Agenda
Online Game
1spin4win grows its Latin American presence by partnering with Fortuna Juegos
Online Game
Are you ready to maximize your earnings? Try ProPush.me Constructor!
Marketing
GAT Expo CDMX 2026 Kicks Off Today in Mexico with a Sold-Out Opening Reception at Big Bola Casino Santa Fe
Marketing
GAT CDMX 2025 Institutional Academy: Leaders and Experts Analyze the Present and Future of the Gaming Industry in Mexico and Lat
Sports Game
B2B Tech Infrastructure Gains Momentum in Philippine Gaming Sector
Southeast Asia
Vietnam's tightening online gaming policy creates new market opportunities
Southeast Asia
New Jersey July Gambling Revenue Hits $606M, Sweeps Casinos Banned
Regulation
Gaming & Technology Expo Makes a Powerful Entrance in CDMX
Marketing
PropellerAds Positions Itself as a Go-To Traffic Source for iGaming Advertisers Ahead of a High-Demand Season
Marketing
