The short answer is, “Yes.” The state government – and federal, too! – wants its “fair share” of everything you make, including a portion of your winnings from gambling. “ Do I have to pay taxes on sports betting winnings in Indiana?” Now that the first meaningful “tax season” has rolled into town, sports betting enthusiasts from Angola to Evansville are all scratching their heads, asking the same painful question… The activity was only legalized in 2019, with the first regulated online and mobile sportsbooks popping up later that year. Sports betting is relatively new to the state of Indiana.
What You Need to Know About Reporting Taxable Sports Betting Winnings in Indiana.