While taxes are never fun, reporting winnings from gambling luckily isn't that difficult. It is essential for all residents to report any gambling winnings from online betting or Texas betting apps during the year. How to Claim and Report Texas Gambling Winnings for Taxes

$1,200 or more from bingo or slot machines.

$600 or more on a horse race or other similar event, in the event that the earnings are 300 times the amount of a wager or more.

In most cases, a flat rate of 24% will be withheld from your winnings if you earn: Rather, the number of gambling winnings that you earn will dictate if you have to pay taxes or not. In Texas, the amount of gambling tax you owe is not related to your income. What are the Gambling Tax Rates in Texas? In most cases, if you earn more than a certain amount from gambling you will be subject to a 24% flat rate. Texas gambling winnings are included in the 'other income' section of your 1040 tax return. It is necessary to report all winnings when you file your taxes. Yes, gambling winnings in the state can be taxed even if you have used a Texas sports betting promo code. Keep reading to learn more about the specific rules surrounding the Texas gambling tax. Texas residents with significant earnings from gambling are usually subject to a 24% flat rate tax on winnings. The amount of gambling tax in Texas that you owe will largely depend on if you are above a certain winnings threshold.

Use our Gambling Tax Calculator Texas to figure out how much you might owe from gambling in Texas. Luckily, we've made calculating your taxes on gambling in Texas easy.

Texas gambling laws