each with corresponding profit margins calculated by dividing the profit figure by revenue and multiplying by 100. The most basic is gross profit, while the most comprehensive is net profit.
Next, you’ll need to figure out how much the sportsbook is expecting you to lose during the rollover ... So if you had $200 in site credit and hit a bet at +200 with it, you’d profit $400, and keep ...
You calculate your tax as follows ... you get to exclude a certain amount of profit from the sale from your taxable income. That limit is $250,000 for single filers and $500,000 for married ...