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Betting Tax Calculator
Calculate tax on gambling and betting winnings by jurisdiction. Understand your net winnings and ROI after tax in the US, UK, Australia, and more.
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Frequently Asked Questions
Are gambling winnings taxed in the UK?
No — individual punters in the UK do not pay tax on gambling winnings. Bookmakers and operators pay a 15% Point of Consumption Tax (POCT) instead.
How are US gambling winnings taxed?
The IRS requires 24% federal withholding on winnings above $600 (for most gambling) or $1,200 (slots). Winnings are also subject to ordinary income tax. Losses are deductible only if you itemize.
What counts as a "professional gambler"?
In Australia and Canada, professional gamblers who engage in systematic, commercialised gambling activities may have their winnings treated as business income and taxed accordingly.
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