Pa Sports Betting Tax Rate
Pa Sports Betting Tax Rate . Based on your tax bracket, sports bettors in pennsylvania could owe up to 35% of winnings to the federal government in addition to the 3.07% pennsylvania taxes net gambling winnings. By contrast, neighboring pennsylvania charges a 34% tax rate, and new jersey levies a 13.5% tax rate on mobile sports betting in their states, according to. Cayman Eco Beyond Cayman How It Feels Living in a City from caymaneco.org Pennsylvania took a different approach, varying tax rates depending on the vertical. Winnings over $5,000 are often taxed automatically; As usual, the valley forge casino led all pennsylvania sportsbooks with $54.5 million in.