The surge in sports betting has generated substantial revenue for gaming operators, yet the IRS is reportedly overlooking significant tax income, according to a recent TIGTA review. The analysis of approximately 43m tax forms from 2018 to 2020 revealed around 150,000 individuals who won over $15,000 failed to file tax returns on those earnings. The IRS estimates that by addressing these issues, it could potentially recover an additional $1.4bn in tax revenue.
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