Sports Betting Tax Calculator

Estimate how much tax you owe on your sports betting winnings and other gambling income, including both federal and state taxes.

New 90% loss deduction limit. Starting with tax year 2026, federal law (the One Big Beautiful Bill Act) limits your deductible gambling losses to 90% of the amount lost, still capped at your winnings. This calculator already applies that limit.

Not tax advice. This calculator provides a simplified estimate for informational purposes only. It does not account for your total income, filing status, or state-specific rules, and does not constitute tax, legal, or financial advice. Consult a qualified tax professional about your specific situation.

Total Gambling Winnings ($)$

Total Gambling Losses ($)$

Itemize Deductions?

Under current IRS rules, only 90% of gambling losses are deductible (capped at your winnings), and only if you itemize deductions.

Federal Marginal Tax Rate

Your marginal tax bracket based on total taxable income, not just your gambling winnings.

State Tax Rate (%, Optional)%

Enter your state's gambling/income tax rate if applicable. Leave at 0 to estimate federal tax only.

Results

Net Taxable Gambling Income

$4,100.00

Estimated Federal Tax

$984.00

Estimated State Tax

$0.00

Total Estimated Tax

$984.00

Estimated After-Tax Amount

$4,016.00

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