"Super Bowl 58 Wagering Soars to Record $23.1 Billion Amid Concerns Over Gambling Addiction and IRS Involvement"
TL;DR Summary
A record 67.8 million Americans are expected to bet $23.1 billion on Super Bowl 58, with the IRS expecting a cut of any winnings. All winnings must be reported for tax purposes, and it may be possible to deduct losses, but only up to the amount of winnings. Professional gamblers face different tax rules, and currently, 38 states and Washington, D.C., have legal sports betting markets.
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- As gambling addiction rates rise, keep an eye on grandma this Super Bowl The Guardian US
- Opinion | Place those Super Bowl bets at your own risk The Washington Post
- Where is the Super Bowl this year, and what are the future locations after 2024? CBS News
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