Well the bettor losses are income to the book so they could be taxed there. The interesting thing there is if the book and the bettor are taxed at different ra

Well the bettor losses are income to the book so they could be taxed there. The interesting thing there is if the book and the bettor are taxed at different rates. I know in some lotteries and sweepstakes they tax the pool, and so the winnings are tax free to the winner and the taxman invisibly still gets his cut.