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Virginia is on the verge of a significant shift in its sports betting landscape with Senate Bill 124, which aims to legalize wagering on in-state college sports teams. Currently, Virginia…

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March Madness Betting Taxes in 2026: Higher W-2G Thresholds, Tighter Loss Deductions, and What Bettors Need to Track

March 9, 2026 admin

Starting in 2026, March Madness bettors will face a mixed federal tax change: sportsbooks will issue fewer W-2G forms because the reporting threshold rises, but loss deductions become less generous.…

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March Madness Betting Taxes in 2026: Higher W-2G Thresholds, Tighter Loss Deductions, and What Bettors Need to Track

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Tag: gambling tax changes

March Madness, Virginia Bills and Kalshi Legal Battles Lead This Week’s Gambling Stories to Watch

March Madness Betting Taxes in 2026: Higher W-2G Thresholds, Tighter Loss Deductions, and What Bettors Need to Track

You missed

Bernstein’s $1 trillion prediction-market forecast depends on a legal ruling — and that will decide which platforms can scale, take deposits, or be blocked

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