Tax Tips How Much Does the Government Make Off of Gambling? 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 Modified Sep 7, 2017 In the fourth installment of our “Sin Tax” series, we explore the financial implications of gambling on Uncle Sam’s bottom line. It’s no secret that the government makes some income from gambling. But, many would be surprised to find that total gaming brings in nearly $100 billion in tax revenue each year. From legal bookmaking to card rooms, the graphic below illustrates where the money comes from. We also take a look at the various tax rates across the U.S., by state and by type of establishment. Written by More from Browse Related Articles Life Listen now: So you want to be rich? Life Listen now: So you’re buying a home? Family So You’re Living Together? Tax Planning Did You Miss the Tax Deadline? 3 Steps You Can Take Nex… Tax Planning Tomorrow is the Tax Deadline: 7 Things You Need to Know… Self-Employed Do Creators Pay Taxes on Money Earned? Tax Refunds Let’s Have A Real Money Talk Tax Planning Taxes Done? Find Out Which Tax Records You Should Keep TurboTax News Show Us How You #TurboTaxAndRelax for a Chance to Win $… Income and Investments So You’re Thinking About Investing? 5 responses to “How Much Does the Government Make Off of Gambling?” Why isn’t California on the list? Reply We use turbo tax also. I can’t believe lopepe would pay to have there taxes done as turbo tax is self explanatory & very easy to use. I also do the taxes for my sister on this program Reply Cool….. Reply Thanks man for sharing it. Reply You forgot Connecticut, with 2 of the world’s largest casinos. Reply Leave a Reply Cancel reply
We use turbo tax also. I can’t believe lopepe would pay to have there taxes done as turbo tax is self explanatory & very easy to use. I also do the taxes for my sister on this program Reply
