Mississippi Sports Betting Tax Calculator
Mississippi taxes gambling winnings as ordinary income at 4.70% flat rate. Sports betting is legal (retail only) in Mississippi with operators including BetMGM, Caesars, FanDuel. Mississippi allows retail sports betting at licensed casinos only. No online/mobile betting.
Calculate Your Mississippi Sports Betting Tax
2026 rules: 90% loss deduction cap applies (OBBBA)
Your salary, wages, and other non-gambling income
Losses can only be deducted if you itemize deductions
You cannot deduct gambling losses with the standard deduction. Switch to itemized to deduct losses.
Tax Breakdown
W-2G Form: Likely Required
Your total winnings of $10,000 exceed the $2,000 W-2G threshold for 2026. Individual wins that also meet the 300:1 odds requirement may trigger a W-2G form. Use our W-2G Checker for precise results.
Federal Withholding
$2,400 (24%) would be withheld at the time of payout. You may be due a refund of $1,200.
Mississippi Gambling Tax Key Facts
- ✓State income tax: 4.70% flat rate
- ✓Sports betting: legal (retail only)
- ✓Available sportsbooks: BetMGM, Caesars, FanDuel
- ✓Gambling loss deductions ARE allowed (must itemize)
- ✓4.7% flat rate (first $10,000 exempt)
- ✓3% withholding on gambling winnings for non-residents
How Sports Betting Taxes Work in Mississippi
Mississippi taxes gambling winnings as ordinary income at a flat 4.70% rate. Your gambling winnings are added to all other income and taxed accordingly.
Mississippi allows gambling loss deductions following federal rules. Under the 2026 OBBBA, losses are deductible at 90% (capped at the amount of winnings) when itemizing deductions.
Mississippi Allows Gambling Loss Deductions
Mississippi follows federal rules for gambling loss deductions. The 2026 OBBBA 90% cap applies when itemizing.
Mississippi Tax Example
A single filer in Mississippi earning $60,000 with $10,000 in sports betting winnings and no losses
Licensed Sportsbooks in Mississippi
You must be physically located within Mississippi to place bets on these platforms.
How Mississippi Compares to Neighboring States
Recent Mississippi Gambling Tax Changes
Mississippi allows retail sports betting at licensed casinos only. No online/mobile betting.
Mississippi Sports Betting Tax FAQ
How much tax do I pay on sports betting winnings in Mississippi?
Mississippi taxes gambling winnings at 4.70% flat rate on top of federal tax (10-37%). Your total combined tax rate depends on your income level and filing status.
Is sports betting legal in Mississippi?
Yes, sports betting is legal (retail only) in Mississippi. Licensed operators include BetMGM, Caesars, FanDuel. You must be physically located within Mississippi borders to place bets.
Can I deduct gambling losses in Mississippi?
Yes, Mississippi allows gambling loss deductions following federal rules. You must itemize deductions, and losses are limited to the amount of your winnings. The 2026 OBBBA 90% cap applies.
Mississippi Tax Authority
For official tax guidance specific to Mississippi, contact the state tax authority:
https://www.dor.ms.gov/↗Calculate Your Mississippi Sports Betting Taxes
Use our free calculator above to see exactly what you owe in Mississippi.
Full Tax Calculator