Bingo, Raffles, and Pull-Tabs: When Nonprofit Gaming Owes UBIT
Nonprofit raffle and pull-tab income is taxable UBI unless the IRS bingo or 85% volunteer-labor exception applies — plus W-2G and Schedule G rules.
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Tax and bookkeeping guidance for gambling winnings, losses, and gaming-adjacent small businesses under IRS and state rules
Lottery Retailer Bookkeeping: How to Track Commissions, Ticket Inventory, and Weekly EFT Sweeps
Lottery retailers keep 5-7% commissions while the state sweeps the rest weekly — track packs, reconcile EFT debits, and report Form 1099-NEC income.
How Sports Betting Winnings Are Taxed: W-2G Thresholds, the Session Method, and State Taxes on Out-of-State Bets
W-2Gs report single wagers, not net profit. IRS lets you net wins per session, deduct losses only if you itemize under the 90% cap, and file where you bet.
Chicago's Amusement Tax in 2026: What Venues, Streamers, and Ticket Sellers Must Collect
Chicago's amusement tax runs on three tracks in 2026 — 9% on live admissions, 10.25% on streaming and paid TV, 3% on registered ticket resales — plus a new 10.25% sports wagering tax and a $0.50 per-user monthly social media levy above 100,000 Chicago consumers. Here are the rates, the limits of the 1,500-seat exemption, the $100,000 remote-seller safe harbor, and the filing deadlines that trigger assessments.
When Your Nonprofit's Bingo Night Owes the IRS: UBIT, the Volunteer and Bingo Exceptions, and W-2G
The IRS treats charity gaming as an unrelated business, so raffle and bingo profits can owe UBIT on Form 990-T even when every dollar funds programs. Two exceptions usually save the event — substantially-all-volunteer labor and traditional bingo (never pull-tabs) — while raffles paying $600-plus at 300 times the wager trigger Form W-2G, with 24 percent withholding above $5,000.
North Carolina Raised Its Sports Betting Tax to 23%: What Betting-Adjacent Small Businesses Must Track Now
North Carolina's 2026 budget raised the sportsbook tax from 18% to 23% of gross wagering revenue, added a 6% prediction-market tax effective January 1, 2027, and requires operators to report every bettor who wins more than $2,000 a year. Here is what bars, affiliates, vendors, employers, and bettors in the state need to record, reconcile, and calendar.
The OBBBA's Gambling Loss Cap Means You Can Owe Tax on Money You Never Actually Won
Starting tax year 2026, the OBBBA limits gambling loss deductions to 90% of winnings. Breakeven gamblers may owe IRS tax on phantom income from the 10% gap.