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2-minute assessment

Could you be saving thousands at tax time?

Professional gambler status lets you deduct losses, subscriptions, gear, and tools on Schedule C. Find out if you qualify.

Most bettors overpay on taxes.

A bettor who wins $50K and loses $40K with $5K in expenses could save ~$1K+ per year by filing as a professional instead of a hobbyist.

Based on IRS guidelines and Commissioner v. Groetzinger (1987). This is for educational purposes only — not legal or tax advice.

Professional Gambler Tax Assessment

If you bet seriously, you could be overpaying on your taxes. Professional gambler status under IRS guidelines lets you deduct losses and business expenses — your subscriptions, gear, internet, and tools — on Schedule C. Most serious bettors never claim it because they don't know they qualify.

Why This Matters

Recreational bettors can only deduct losses up to their winnings, and only if they itemize. That means many bettors pay tax on their gross winnings with no relief. Professional gamblers report net profit on Schedule C — losses are fully deductible, and ordinary business expenses (Discord, ESPN+, data tools, hardware, travel) come off the top.

The 8 Factors the IRS Evaluates

Based on the Supreme Court's ruling in Commissioner v. Groetzinger (1987), the IRS uses a multi-factor “facts and circumstances” test:

  1. Time and effort devoted to gambling
  2. Whether gambling is your primary income source
  3. Regularity and consistency of activity
  4. Quality and completeness of record-keeping
  5. Expertise, study, and skill development
  6. Business-like conduct and structure
  7. History of profitability
  8. Employment status and other income sources

What You'll Learn

This assessment scores you on all 8 IRS factors, shows which areas are strong or weak, and estimates how much you could save by strengthening your case.