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Any sports betting profit more than $600 or 300 instances the bet is topic to a tax price of 24%. The tax can be paid at the time of the bet or when you file the annual tax declaration to the IRS. Gambling winnings are reported as ‘Other Income’ and even amounts below $600 need to be integrated.


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Horse racing, college basketball, ice hockey, rugby, table tennis, and even virtual sports are on the menu. The only restricted categories are reside betting and horse racing, which leaves you with 29 diverse markets to decide on from. Lastly, following more than a year of missed deadlines and messy legislation, Ohio sports betting is set to launch early Sunday morning when the clock strikes midnight on Jan. 1, 2023.


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