Note:
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
The tax is payable for the period that begins July 1 of each year. If the taxpayer begins accepting wagers after July 31, the tax is prorated for the first year as outlined in the chart below.
If You Start Accepting Wagers In
$500 Tax
$50 Tax
July
$500.00
$50.00
August
$458.33
$45.83
September
$416.66
$41.66
October
$375.00
$37.50
November
$333.33
$33.33
December
$291.66
$29.16
January
$250.00
$25.00
February
$208.33
$20.83
March
$166.66
$16.66
April
$125.00
$12.50
May
$83.33
$8.33
June
$41.66
$4.16
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