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All income is taxable and that includes gambling winnings. Most winnings reported on a W-2G will withhold at a flat rate of 24%.

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    The law gives the Commission up to a year, beginning June 14, 2023, to prepare the state for authorized wagering, including, among other things, creating rules and regulations for sports betting and for horse racing wagering; supporting responsible gaming; implementing and administering new licensing programs; and preparing to monitor and enforce the law and rules. The Commission is working to meet those obligations so that sports betting and horse racing wagering can begin as soon as practicable and so that these activities will be conducted responsibly.


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