Natalie Lund asked 5 months ago
Yes, you are anticipated to report your Massachusetts gambling winnings when you file your taxes. If you win while betting on sports, horse races or dog races, or although playing at casinos or with the state lottery, you should really anticipate to pay gambling taxes in Massachusetts. Reporting gambling winnings is the responsibility of every Massachusetts resident, nonetheless tiny the wins. You will be required to spend taxes on gambling winnings with sports betting apps, web pages and retail sportsbooks in Massachusetts. In Ohio, the tax price for the operators is ten% of the gross income. For the bettors, gambling winnings are taxable earnings like any other. You are expected to retain track of and report any winnings on your tax return, and if you win at least 300 times what you bet, and that amount is over $600, the gambling residence will have to report it also. 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