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First time cashing out from sportsbook

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Posts: 27

brandonmohl1

Prospect

Joined: Mar, 2012

Posts: 9

Posted: Mar. 22, 2012 - 11:04 AM ET #26

I just requested a check withdraw for $300...should i be nervous depositing it in my bank?

dick747

Captain

Joined: Sep, 2009

Posts: 5927

Posted: Mar. 22, 2012 - 8:16 PM ET #27

$300 winnings

-$50 cert check via curriour

-$150 us taxes

-$175 cpa fees for Form W-2G, Certain Gambling Winnings

Net Loss $75

All Forums | Gaming Industry - US

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First time cashing out from sportsbook

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