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All sportsbooks have a maximum bet, but it's not really the max bet that matters it's the maximum potential payout.

Best High Limit Sportsbooks in 2024: 10 High Stakes Sports Betting Sites

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Any gambling winnings are subject to federal income tax. If you win more thanR$5,000 on a wager, and the payout is at least 300 times the amount of your bet, the IRS requires the payer to withhold 24% for income taxes.

Here's How Gambling Winnings Are Taxed - The Motley Fool

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