Tax News The Vices of March: Sin Taxes Meet March Madness Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by Published Mar 1, 2012 - [Updated Jul 23, 2019] 1 min read Whether we’re talking about the Super Bowl, Fantasy Football, or March Madness, we all may have to pay “sin tax” on everything from those “legal” gambling wagers to the kegs of beer consumed while enjoying those sports. With March Madness and St. Patricks Day (one of the biggest holidays for beer consumption) all in the same week, gambling casinos and alcohol companies can expect to generate a hefty amount of tax revenue. Check out our infographic which shows just how much revenue is generated from March Madness and “Sin Taxes”. [intuit_tt_infographic id=9734] [tt_share_code url=”https://blog.turbotax.intuit.com/wp-content/uploads/2012/03/marchmadnesssintax.png” width=”600″ height=”3754″ title=”<marchmadnesssintax>” alt=”marchmadnesssintax”] Previous Post Tax Savings: The President Signed the Payroll Tax Holiday Into… Next Post Tanning Tax: Summer Bummer? Written by More from Leave a ReplyCancel reply Browse Related Articles Tax Tips TurboTax Up to 5-Day Early Refund Option: What You Need to Know Tax Help How to File a Business Tax Extension: Deadlines, Forms, and Penalties Tax Tips The White Lotus Tax Lessons: Navigating Gift Taxes, Lump Sum Payouts, Hush Money, and the IRS Tax Questions What Day Are Taxes Due? April 15! How to File for a Tax Extension or Pay Taxes Online Tax Questions What Happens If You File Your Taxes Wrong? Late Filing Penalties, Interest, and More Tax Questions What’s Tax Deductible? A Guide to Mortgage Interest, Long-Term Care, Funeral Expenses, Student Loans, and Roth IRA Contributions Tax Questions Is it Better to Get Your Taxes Done or Do Them Yourself? (And Other Tax Questions Answered) Tax Forms What is a 1099-K Form? How to Report Payments on Your Tax Return (2024) Tax Forms What is a 1099 Form? A Guide to Understanding Your Tax Obligations Income Tax by State Wisconsin State Income Tax in 2025: A Guide