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Wipfli LLP is a licensed independent CPA firm that provides attest services to its clients, and Wipfli Advisory LLC provides tax and business consulting services to its clients. © “Wipfli” is the brand name under which Wipfli LLP and Wipfli Advisory LLC and its respective subsidiary entities provide professional services. Federal income tax withholding , currently at a 24% rate, is generally required when the winnings, minus the wager, exceed $5,000, provided the 300x rule is also met for sports betting.

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In addition to managing a successful family medical practice, Dr. Hoffman is board certified in addiction medicine by the American Osteopathic Academy of Addiction Medicine (AOAAM). Long-running estimates still place gambling disorder around 0.5% of US adults — so what has clearly changed so far is exposure and access, more than the official count. Risk also climbs with other mental health conditions (a family history of addiction), and starting young. That loop of speed and constant access is the engine of problem gambling. Usually it’s because your own betting has started to scare you — or because you’re watching someone you love feed a paycheck into a betting app and insist everything’s fine.

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