Did you win big betting on the Super Bowl? Here are the taxes you might owe.

You probably weren't thinking about the IRS during the Super Bowl. But if you won big on the big game, you could get hit with an unexpected tax bill—or you might be able to deduct your losses, depending on whether your favorite team was the Seahawks or the Patriots. So, how do sports betting taxes work? Here's what you need to know and how to report your gambling income come tax time. What tax rate will you pay if you bet on the Super Bowl? Winnings from Super Bowl bets (or any type of sports gambling ...