Sign up for your FREE personalized newsletter featuring insights, trends, and news for America's Active Baby Boomers

Newsletter
New

Is It Legal To Place Bets On Offshore Gambling Sites If My State Bans Online Casinos?

Card image cap

Got myself in a potentially sketchy situation and need some guidance before I make it worse.

So I've been placing some bets online sing a VPN since my state has strict laws against online gambling. Hit a pretty nice win streak on some sportsbets and now sitting on a decent chunk of change.

Before I try to withdraw, want to make sure I'm not about to catch a case. Don't want to fumble the bag by doing something dumb.

Main questions:

  • How illegal is this exactly?
  • Can I actually withdraw without getting in trouble?
  • What's the deal with reporting gambling winnings from offshore sites on taxes? I'll sell the crypto on Coinbase I guess.

Not looking for a lecture about responsible gambling (though I probably deserve one lol). Just want to know where I stand legally.

Located in KY if that matters. Thanks fam.

submitted by /u/egritjerepr
[link] [comments]


Recent