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Horse Racing And Off-Track Betting In Connecticut - PlayCT
https://www.playct.com/horse-racing/
Gaming Policy, Regulation and Revenue - Connecticut …
https://www.cga.ct.gov/current/pub/chap_226.htm
Each licensee conducting dog racing events under the pari-mutuel system shall pay to the state, and there is hereby imposed: (1) (A) A tax at the rate of two per cent on the total money wagered in the pari-mutuel pool on each and every day the licensee conducts racing events or (B) on or after July 1, 1993, in the case of any licensee licensed ...
Connecticut Off Track Betting - OTB
https://www.otb.us/connecticut-off-track-betting.html
24 Eugene O'Neill Drive, New London, CT 06320 860-701-0712 BACK TO TOP Norwalk Winners Norwalk 24 Burnell Boulevard, Norwalk, CT 06800 203-846-3123 BACK TO TOP Putnam Winners Putnam 146 Park Road, Putnam, CT 06260 860-963-2432 BACK TO TOP Shoreline Star Winners Shoreline Star 255 Kossuth Street, Bridgeport, CT 06608 203-576-1976 BACK TO TOP
Horse Racing Tax Rules Updated by US Treasury & IRS
https://www.offtrackbetting.com/horse_betting_news/horse-racing-tax-rules-updated-by-us-treasury-irs.html
Another way to look at it - A winning $2 Pick 6 ticket that paid more than $5,000 would have had taxes withheld, even if the total investment was $100. Now, a $100 Pick 6 wager will only have taxes withheld if the winning payout is over $30,000.
Legalized Gambling - Connecticut
https://portal.ct.gov/DCP/Gaming-Division/Gaming/Legalized-Gambling
Types of Legal Gambling In 1976, off-track betting started in Connecticut.It initially was run by the Division of Special Revenue and was sold in 1993 to Autotote Enterprises, Inc., which operates Connecticut OTB to this day. Live greyhound racing began in Connecticut in 1976 with the opening of Plainfield Greyhound Park.
Off Track Betting Connecticut | OTB Locations in …
http://www.offtrackbettingconnecticut.com/
With modern technology, there’s no reason why you can’t grab some friends and spend an afternoon enjoying live horse betting action. Check out the best in OTB excitement, at one of our approved Off Track Betting Connecticut.com bureaus. [+] New Haven Off Track Betting Bureau 600 Long Wharf Drive New Haven, CT 06511 (203) 946-3100 no website
Horse Racing Betting in Connecticut
https://www.sportsbettingconnecticut.com/horse-racing-betting.html
Connecticut is one of the 38 states that have legalized horse racing betting. Though there are no live horse racing tracks in CT, pari-mutuel wagering is legal in the state. The Legislature authorized off-track betting in 1976, which is now run entirely by Sportech PLC. Connecticut horse bettors can legally wager at OTBs and online.
Connecticut Sports Betting 2022 - Sportsbook Locations …
https://www.betting.us/connecticut/
Horse or dog races winning in Connecticut are subject to a 30% tax. When sports betting will be legalized, the tax is expected to be at 7% - 10% or similar to lottery winning that stands at 6.99%. Federal Law: $600 or more - the payor is obliged to provide you with a W-2G form Winnings of 300x the bet or more, must be reported
Tax Law and the Horse Industry: Part VIII, At the Racetrack
https://moskowitzllp.com/tax-law-and-the-horse-industry-part-viii-at-the-racetrack/
Yes, you do. The net gain of gambling winnings are fully taxable and must be reported as “other income” on your tax return. “Net gain” means the amount you won less the amount you wagered – for example, if you bet $100 on a horse and won $500, you must report $400, the amount you gained from the wager.
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