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Get your taxes done using TurboTax
New Mexico requires you to report any gambling winnings that exceed $1200 in a tax year. The threshold could be $1500 though, as it depends on "exactly" how you gambled. See http://realfile.tax.newmexico.gov/FYI-245%20WITHHOLDING%20ON%20GAMBLING%20WINNINGS.pdf
For Colorado, you're required to pay state taxes on anything over $600 on sports bets, and $1200 on other bets, and $1500 on Kino. See https://www.playcolorado.com/taxes/
‎July 26, 2020
2:42 PM
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