Bovada is a well-known sports betting site that is headquartered in the U.S. However, it does not appear to charge tax on its winnings. This is likely due to the fact that Bovada is considered a “remote gambling” site, which is exempt from U.
S. taxes. This could change in the future, as Bovada has been known to partner with gaming jurisdictions that do charge tax on winnings. In any case, it’s always worth checking with a tax professional to make sure you’re taking advantage of all your gambling opportunities correctly.
