Biggest Sports Betting Wins — Wednesday, July 1, 2026
3 notable wins | Total payouts: $17,370 | Total taxes: $4,908
$17,370
Total Payouts
$4,908
Total Taxes
28.3%
Avg Tax Rate
🥇
UFC7-Leg Parlay
$14,450
from $25 wager
7-leg parlay on Main Card Opener — $25 turned into $14,450
Source: RedditTax Breakdown (Michigan)
Net Profit
$14,425
Federal Tax (24%)
-$3,462
State Tax
-$613
Take-Home
$10,350
OBBBA Note: If this bettor had $14,425 in losses elsewhere, they'd still owe $346 in 'phantom income' tax under 2026 OBBBA rules.
🥈
March Madness7-Leg SGP
$2,370
from $15 wager
7-leg SGP on Elite 8 Matchup — $15 turned into $2,370
Source: X/TwitterTax Breakdown (Massachusetts)
Net Profit
$2,355
Federal Tax (24%)
-$565
State Tax
-$118
Take-Home
$1,672
🥉
NBAFutures
$550
from $5 wager
futures bet on Suns vs Mavericks — $5 turned into $550
Source: RedditTax Breakdown (Ohio)
Net Profit
$545
Federal Tax (24%)
-$131
State Tax
-$19
Take-Home
$395