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If you happen to realize winnings over the course of a tax year, then you do need to claim them as part of your federal, state, and local income taxes. However, the tax rate mentioned in the New York sports betting law is a 10% levy on the sportsbooks themselves. They must pay 10% for the privilege of operating in the state.
Over the last decade, Santa Anita has hosted the Breeders’ Cup leg of horse racing’s Triple Crown five times.
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