The 2026 gambling tax · free calculator
You could owe tax on money you never won.
In 2026 a new rule (the OBBBA 90% loss cap) taxes sports bettors on “phantom income.” See your number in 10 seconds. Free, no signup.
Add up your winning bets and your losing bets separately, not your net. (Most bettors are surprised how big the gross numbers are.)
Most casual bettors take the standard deduction, which means you can't deduct gambling losses at all, and you're taxed on every dollar of winnings.
Calculated on your device. Your numbers are never sent anywhere.
Your actual net result
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Income the IRS taxes you on anyway
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Old rule (through 2025)—
New 2026 rule: what you'll owe—
Extra cost of the new rule—
Quick estimate only. This uses one flat marginal rate. The Verodd app does the full progressive bracket math (your gambling stacks on top of your other income) plus a representative rate for your resident state, so your real number can differ. It doesn't yet apply each state's own rules on losses.
Track it all year so tax season isn't a surprise.
Verodd is the bettor-first tracker: tracking free forever, a running “set aside $X for taxes” number across every book, and, with Premium, a W-2G check against what the books told the IRS. Get it on the App Store. Or get our tax-season emails: when the books send W-2Gs, if the tax rules change, and before you file.
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Estimate only. Not tax advice. A simplified, flat-rate illustration of the OBBBA 90% gambling-loss-deduction cap (Pub. L. 119-21 §70114, amending IRC §165(d); effective for tax years beginning after Dec 31 2025). The Verodd app does the full progressive bracket math plus a representative rate for your resident state, without each state's own rules on losses yet. Your real liability depends on your full return, state, and circumstances. Consult a tax professional.