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) Facebook Click to share on X (Opens in new window) X Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to print (Opens in new window) Print 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 Reform Navigating Tax Reform: One Big Beautiful Bill Tax Changes Tax Reform See How Tax Changes Impact You with the Tax Reform Calculator Life 5 Ways to Strengthen Your Financial Foundation Life The End of Pennies: Understanding the Financial Shifts Ahead Investments Values-Based Investing: How to Get Started with ESG Tax News Georgia State Surplus Tax Refund: Everything You Need to Know About the Rebate Life To Rent or to Own: The Ultimate House Debate Life Smart Shopping This Summer: Saving on Goods and Cars Latest News Arkansas Champions NIL State Tax Exemptions: What This Means for Student-Athletes and Schools Tax Tips TurboTax Up to 5-Day Early Refund Option: What You Need to Know
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