![]() Are Gambling Winnings Taxable in Mississippi? In a sense, Mississippi taxes gaming losses more heavily than it taxes winnings. This might not seem like a lot of revenue for the state, but Mississippi also levies a tax on 12% of each casino or retail sportsbook's gross income. However, the way that Mississippi taxes on gambling, this income is non-refundable, and the tax should simply be withheld from you by the casinos in the first place. In Mississippi, gambling winnings are reported on an income tax return (W2G or 1099 form) and are taxable at a rate of 3%. ![]() Just input the required information in the calculator below, and we'll tell you how much you owe in state tax, and how much you get to keep from your winnings. ![]() By far the easiest way to figure out how much Mississippi betting tax you owe on your gambling winnings is to use our Mississippi Gambling Tax Calculator.
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