5 posts shown.
With this new Gambling Act they just passed, did anything actually change regarding betting on foreign sites? For instance, are they going to start blocking IP addresses and stuff like that, or is everything still business as usual?
Raymond Cruz5 said:After a year and a half of dealing with this, I've had enough. It really rubbed me the wrong way, so now I don't bother with those international bookies anymore.
Who exactly did you have a problem with? Was it the bank??
Raymond Cruz5 said:The last time I tried withdrawing funds from an overseas online sportsbook, my bank (Chase) actually called me out! I had to sign a formal statement confirming the money came from a foreign site just to make sure I wasn't trying to dodge taxes on income earned abroad.
Has anyone dealt with something like that in the last year?
Hey everyone, does anyone here know if it's actually possible to get flagged or penalized for placing bets through international bookmakers?
Can someone help me clear something up here:
If I win money betting online through international sites like DraftKings, FanDuel, or Bet365, do I need to pay taxes here in the States? I know our local US sportsbooks automatically handle the tax withholding if you win more than $10000, but how does it work when I'm using those big foreign platforms?
Thanks in advance for the help!