How Taxes Work for Sports Bets From Sites Like FanDuel and DraftKings | WSJ Your Money Briefing

Опубликовано: 14 Июнь 2023
на канале: WSJ News
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In 2022, legal sports wagers on sites like FanDuel and DraftKings totaled $93.2 billion.

Wall Street Journal tax reporter Laura Saunders joins host J.R. Whalen to discuss tax rules that sports bettors sometimes overlook.

0:00 IRS and sports betting
1:12 How winnings are taxed
1:40 How losses fit into taxes
3:59 Could you be audited from gambling?
4:25 Gambling at casinos and taxes
6:35 What CPAs and tax advisors say about gambling

Your Money Briefing
WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

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