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Jennifer Horikawa of Maui, Hawaii, plays on a slot machine at the Main Street Station hotel-casino in downtown Las Vegas on Tuesday, May 26, 2015. The Internal Revenue Service has proposed lowering the reporting level for gambling winnings from $1,200 to $600, a move that the casino industry and its patrons oppose. (Chase Stevens/Las Vegas Review-Journal) Follow Chase Stevens on Twitter @csstevensphoto.
I'm not saying you are wrong since I've read a couple of different things but, the vegas informational site I was just reading said that we pay 25-30% on sports bet winnings and that the casino pays a 7% tax on their own winnings (having nothing to do with us). So they pay 7% on their profit.