In Massachusetts, gross income is defined as federal gross income as defined in the Internal Revenue Code as of January 1, 2005, with certain modifications. With the allowance of sports betting, you may be wondering how to report your losses on your taxes.įederal gross income includes winnings from all types of gambling, including lottery, slot parlor, casino and sports betting. Mobile betting will follow, possibly in time for March Madness. Initially, sports betting will be allowed in-person at Plainridge Park Casino in Plainville, MGM Springfield and Encore Boston Harbor in Everett. It is expected that sports betting will be allowed in Massachusetts in the coming weeks. Sports Betting Coming Soon to Massachusetts – Can I Deduct My Sports Betting Losses?
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