That means if you bet $5000 and win $5000, you only pay the state tax.
The state has a flat 6.75% state tax and a federal tax rate of 24% for winnings above $5000.įor clarity, you pay the federal tax only if your winnings are 3x more than your stake. Like all other states with legal sports betting, Nevada taxes gambling winnings. Sportsbooks use geofencing technology to enforce this rule. You must be within the state at the time you want to bet. And since you must sign up for an account in person, it means you need to possess an I.D., passport or driving license before you’re allowed to place a bet.Īlthough nonresidents can bet at Nevada-based mobile sportsbooks, you can’t use these websites if you’re located outside of the state. The legal gambling age in Nevada is 21 years. You can’t really tell if a site has great odds all the time unless you read online reviews.
Of course, you can always read reviews to get help. If you like bookies with great odds, prioritize odds over other features. If you love bonuses, focus on getting the best bookmaker for bonuses. Choose a sportsbook with your preferred features.
