If you would rather not risk your winnings being withheld, you should play at an offshore sportsbook. FAQs What percentage is sports betting taxed at? How do I avoid taxes on gambling winnings? Is sports betting reported to IRS? Are there taxes on sports betting?
Have you been the lucky recipient of a gift or donation from a generous family member or friend? Perhaps they struck it lucky on the Lotto and decided to share their winnings with you! Or maybe you're the giving type and have donated cash, shares or even property to someone you felt de...
The government previously taxed all gambling winnings above €500, which were subject to a 6% tax, set to increase to 10% in the coming years. Lottery winning taxes also move up to 8% from 6% on all gains above €500. Winning punters in Italy must declare their gambling income for tax ...