asked

I have questions about taxes and online sports betting. I'm in Ohio, and we just got legalized online sports betting. I am on multiple betting apps. I read that I am liable for taxes on any winnings over $600, is that correct? Does the $600 in winnings mean on each app, or all apps total? Let's say I win $700 for the year. Am I going to be taxed for $700, or just the $100 above the $600?

November 26th, 2023

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