Biggest Sports Betting Wins — Thursday, May 7, 2026
5 notable wins | Total payouts: $104,380 | Total taxes: $30,203
$104,380
Total Payouts
$30,203
Total Taxes
28.9%
Avg Tax Rate
🥇
UFC7-Leg Parlay
$74,000
from $200 wager
7-leg parlay on Main Card Opener — $200 turned into $74,000
Source: RedditTax Breakdown (Massachusetts)
Net Profit
$73,800
Federal Tax (24%)
-$17,712
State Tax
-$3,690
Take-Home
$52,398
OBBBA Note: If this bettor had $73,800 in losses elsewhere, they'd still owe $1,771 in 'phantom income' tax under 2026 OBBBA rules.
🥈
March Madness6-Leg SGP
$14,700
from $50 wager
6-leg SGP on Elite 8 Matchup — $50 turned into $14,700
Source: X/TwitterTax Breakdown (Ohio)
Net Profit
$14,650
Federal Tax (24%)
-$3,516
State Tax
-$513
Take-Home
$10,621
OBBBA Note: If this bettor had $14,650 in losses elsewhere, they'd still owe $352 in 'phantom income' tax under 2026 OBBBA rules.
🥉
MLB14-Leg Parlay
$10,680
from $10 wager
14-leg parlay on Yankees vs Red Sox — $10 turned into $10,680
Source: X/TwitterTax Breakdown (California)
Net Profit
$10,670
Federal Tax (24%)
-$2,561
State Tax
-$992
Take-Home
$7,117
OBBBA Note: If this bettor had $10,670 in losses elsewhere, they'd still owe $256 in 'phantom income' tax under 2026 OBBBA rules.
#4
NHLStraight Bet
$4,000
from $500 wager
moneyline bet on Panthers vs Maple Leafs — $500 turned into $4,000
Source: RedditTax Breakdown (Arizona)
Net Profit
$3,500
Federal Tax (24%)
-$840
State Tax
-$88
Take-Home
$2,572
#5
NBAFutures
$1,000
from $20 wager
futures bet on Suns vs Mavericks — $20 turned into $1,000
Source: RedditTax Breakdown (VA)
Net Profit
$980
Federal Tax (24%)
-$235
State Tax
-$56
Take-Home
$689