Tax Policy Center

sports betting

Individual Taxes: TaxVox

Should Online Sports Betting Firms Withhold Taxes On Winnings?

Our teenage son called me from school in the middle of the day last month. I braced myself. Generally, those calls come when there’s a...
October 4, 2023Renu Zaretsky
State and Local Issues: TaxVox

State Policymakers Should Understand the Odds Before Subsidizing 'Free Bets'

At the beginning of “Rounders,” a movie about poker, the lead character describes an important rule of gambling: “If you can’t spot the sucker in...
August 28, 2023Richard C. Auxier
Individual Taxes: TaxVox

Naughty Or Nice: What If Santa Claus Had To Levy Sin Taxes?

Unlike Santa, governments want at least some residents to be a little “naughty” and continue do things it considers harmful so it can collect “sin taxes” on their behavior.
December 4, 2019Renu Zaretsky
: TaxVox

Three Tax Lessons from the First Year of Widespread Legal Sports Betting

Three Tax Lessons from the First Year of Widespread Legal Sports Betting A year ago, the Supreme Court legalized one of America’s favorite illegal pastimes:...
May 22, 2019Richard C. Auxier
State and Local Issues: TaxVox

TPC’s Sports Gambling Tip Sheet

I don’t have an official over-under for the number of states that will legalize sports gambling in 2019, but I know it’s high. Since the...
January 10, 2019Richard C. Auxier
State and Local Issues: TaxVox

From Head Taxes To Parcel Taxes, Cities And States Are Looking For New Ways To Raise Revenue

If you are a regular reader the Tax Policy Center’s morning news summary, the Daily Deduction , you’ve probably noticed a fascinating trend: The rise...
June 14, 2018Howard Gleckman
State and Local Issues: TaxVox

Six Reasons Why States Shouldn’t Be Counting Their Sports Betting Tax Revenue Yet

Will the Supreme Court’s decision allowing states to legalize sports betting be the tax revenue jackpot that some states hope for? Perhaps, but plenty of...
May 16, 2018Howard Gleckman