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 Published Sep 9, 2010 - [Updated Sep 7, 2017] 0 min read 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. Previous Post The Tax Implications of Divorce Next Post Don't Forget to Pay Your Estimated Taxes Written by More from 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 ReplyCancel reply Browse Related Articles Tax News The Vices of March: Sin Taxes Meet March Madness Income and Investments 3 Tax Reasons for Why You Should Think Twice Before Betting on the Big Game Tax Planning How Your Lottery Winnings Are Taxed Self-Employed How to Avoid Penalties for Underpayment of Taxes Income and Investments Gambling Winnings Tax (How Much You Will Pay For Winning?) Tax News How Will You Be Taxed If You Win the Powerball Jackpot? Income and Investments Does March Madness Boost Employee Morale and Productivity [Infographic]? Tax Planning Still Have Tax Debt? The IRS Fresh Start Initiative May Help Tax Planning TurboTax Launches the TurboTax Unemployment Center Tax Planning Unable to Pay Your Tax Bill? Here’s What To Do
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