ST Alpha - "I took advantage of the bonuses when sports betting via app became legal in NY last year, came out ahead by a few hundred, deleted the apps." (Reading a Post)

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I took advantage of the bonuses when sports betting via app became legal in NY last year, came out ahead by a few hundred, deleted the apps.

Posted by Tim (aka othertim) Jan 31 '23, 16:47

I was expecting something in the mail regarding reporting it on taxes by this point, but nothing. I just put one of them back on my phone to see if there's some sort of accessible form or information to report it and don't see anything.

Do I have to assume I made X dollars and report it as gambling winnings?

Responses:

Legally, yes you have to report gambling winnings even if you don’t get a tax document. -- nm - spamlet Jan 31, 17:03 2
- also we can totally narc on him now for the bounty. -- nm - Reagen Jan 31, 17:12 1
  - Woohoo! We're going to Sizzler, er *does math* getting a Happy Meal! -- nm - spamlet Jan 31, 18:08
I didn't earn it, I won't report it, but if my neighbor doesn't file according to the honor system I'll raise hell! -- nm - Grampa Simpson Jan 31, 17:02
You have to make (profit) $600+ to generate a tax document -- nm - Flavorize Jan 31, 16:59 2
- my total winnings were spread out among 3 different apps, which is probably why. -- nm - Tim Jan 31, 17:04
- It’s actually way more complicated now (I just looked this up for someone else the other day) -- (link) - spamlet Jan 31, 17:04
Usually ignored unless you do receive a tax form for them -- nm - budice Jan 31, 16:58

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I took advantage of the bonuses when sports betting via app became legal in NY last year, came out ahead by a few hundred, deleted the apps.

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