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Tax Reference Sports Betting Taxes in Rhode Island
There are two sides to the RI sports betting tax story: what individual bettors owe on their winnings, and how the state taxes the sportsbook operator. Both matter — the second is one of the reasons Sportsbook RI has the worst app on the East Coast.
Bettor Side
Personal Tax on Winnings
Federal 24% withholding triggers, W-2G forms, RI state income tax on gambling winnings, what to record, and how itemizing affects deductibility of losses.
Operator SideThe 51% Sportsbook Tax
How the 51% GGR tax + 17% Bally’s host fee leaves only 32% for the operator, where the money goes, and how RI compares to MA, CT, NY, and NJ.