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| Name | How Taxes Work for Sports Bets From Sites Like FanDuel and DraftKings | WSJ Your Money Briefing |
| Video Uploader | Video From WSJ News |
| Upload Date | This Video Uploaded At 13-06-2023 21:00:01 |
| Video Discription | In 2022, legal sports wagers on sites like FanDuel and DraftKings totaled $93.2 billion. Wall Street Journal tax reporter Laura Saunders joins host J.R. Whalen to discuss tax rules that sports bettors sometimes overlook. 0:00 IRS and sports betting 1:12 How winnings are taxed 1:40 How losses fit into taxes 3:59 Could you be audited from gambling? 4:25 Gambling at casinos and taxes 6:35 What CPAs and tax advisors say about gambling Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBriefing #SportsBetting #Gambling #WSJ |
| Category | News & Politics |
| Tags | taxes | tax advice | sports betting | sports bet | gambling | fanduel | draftkings | betmgm | how taxes work | sports betting taxes | gambling taxes | tax deductions | paying taxes on casino winnings | paying taxes on lottery winnings | sports bets | prop bets today | parlay picks | parlay gambling | casual gamblers | ordinary income tax | wages | 8b schedule 1 | gambling losses | itemized deductions | mortgage interest | state taxes | local taxes | deductible losses | audit | standard deduction | pfin |
