Taxes for online sports betting?

Query by Jarrett: Taxes for online sports activities betting? I know that sports activities betting is illegal in most of the United States, but online sports betting is accomplished in offshore accounts, which is a loophole in the technique. Now lets say I produced $ 30,000 from sports activities betting on the web. Would I have to claim it in my taxes given that it was technically not earned in the United States? If I do have to claim it, how do I say I have earned it, and what percentage do I have to spend to the government? Thanks for the answers! Also, any other added specifics would be a lot appreciated. Greatest reply:
Reply by Kay
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