Legal Question in Tax Law in New York

BODOG and tax ramifications

Hello if I bet online using the Bodog

website and if I win any money do I have to

claim it as earned income and pay taxes

on it? Appreciate your input. Thank you.


Asked on 12/15/06, 1:04 pm

1 Answer from Attorneys
Norman Nadel Norman Nadel, Esq.

Re: BODOG and tax ramifications

Net winnings from gambling are subject to United States income tax.

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Answered on 12/15/06, 2:19 pm


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