View Full Version : Tax Regulation on wagering

05-21-2015, 09:49 AM
Have received many emails from Xpressbet Twinspires and others
passing on the info and hope it works for the betting community

At Xpressbet, we’re always here for you, the bettor. Every decision we make is with your best interest in mind. After all, we’re a lot like you. We love horse racing and, like you, we enjoy playing the races and hopefully cashing a few tickets. That’s why we’re so passionate about supporting the industry and the horseplayers that are its lifeblood.

With that in mind, we urge you to consider making your voice heard in a National Thoroughbred Racing Association (NTRA)-led fight to change the way the IRS treats winning pari-mutuel wagers for tax reporting and withholding purposes. The IRS has agreed to examine its policy, and the NTRA is asking you to speak up in support of horseplayers and the industry. It takes just a few minutes to tell the IRS that you want the unfair and outdated current tax regulations to be modernized on behalf of horseplayers.

Simply visit www.ntra.com/IRScomment to join others in supporting this cause. To learn more about this initiative, please click here.

Xpressbet fully supports the NTRA, horseplayers and the industry in this initiative, and we hope for a positive and fair outcome.