So you put down a cool $50 in your March Madness pool and confidently selected Duke as your 2019 Mens NCAA Tournament champion. After all, with three top prospects in this years NBA draft, the Blue Devils were as close to a sure thing as possible in the tourney.
But thats why they call it madness. No. 2 Michigan State knocked off No. 1 Duke in the Elite Eight, busting millions of brackets and leaving millions of people out of millions of dollars. You might think the Super Bowl is the most popular betting event of the year, but youd be wrong. March Madness in aggregate has more than double the betting of the Super Bowl, when you add up all the games in the NCAA Tournament, says RJ Bell, a sports betting expert and lead od…
Read the full article at: https://www.ozy.com/good-sht/yes-you-can-deduct-your-illegal-march-madness-betting-losses-on-your-taxes/93721