Re: Help me out with the new wagering IRS rules (457 Views)
Posted by: Silver Charm (IP Logged)
Date: October 04, 2025 11:18AM
Well those are the current rules. Not these might be the rules or could be the rules. We are not there yet. Voight only has power now because Schumer shut the government down, Anything else requires an act of Congress,
Aren't Powerball Winnings taxable? So why would a $500,000 Pick 6 or 10 Play Sports Parlay be exempt?
If ALL horse racing winnings get reported then so should the corner convenience store scratch off for $100. But we are not there yet. Not even close. States are involved here too and they need this income.
Aren't Powerball Winnings taxable? So why would a $500,000 Pick 6 or 10 Play Sports Parlay be exempt?
If ALL horse racing winnings get reported then so should the corner convenience store scratch off for $100. But we are not there yet. Not even close. States are involved here too and they need this income.
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