Such a great story, until the very last sentence. Government always has to take the fun out of everything!

37% in taxes??? WOW

37%? What the living hell. The government takes almost half?!!!

why is the tax on the winnings over a third come on uncle Sam

For those of you that are confused… The horse paid $163.60 to win on a $2 win wager. They bet $300 to win (that’s 150 $2.00 win tickets) on the horse Multiply $163.60 x 150 = $25,540 Now, don’t forget Uncle Sam scams the bet for 9k plus (37% - GULP-yup) So they’ll win about 16k after it’s all said and done…

Congratulations to the family! Enjoy yourselves!

Sneaky grimey uncle Sam. Always gotta have its hands everywhere

So messed up that the govt has to come in & take 37% right off the top. $9300 just gone.

a couple of little kids won on this horse also - one has cancer. happy kid now.

Taxes are calculated at YOUR regular tax rate. And all losses can be deducted. The fact they have an on-line account tells me this isnt the only bet they make.

Tax rate is absurd. Criminal. What did the government do to deserve any of that money?

Congratulations! I'm sorry the government has to pick your pocket for 37% when they had nothing to do with your decision and the luck that came with it. Have fun!!

1:12 - As you can see this family place a LOT of bets on the Derby but the largest was on Rich Strike. And they can write off the other losses before paying taxes.

That was a nice win..Congrats on the pick you struck it Rich! I almost picked Rich Strike, they made it seem like there was really no chance, I mean no chance.. Smile Happy , Happy Jack, Summer is Tomorrow Simplification were calling my name.. In two weeks maybe the family can do it again and again... 80 to 1 (TBA)---Preakness Stakes then Belmont Stakes. Good luck!

I work at a horse track in Indiana. There were two brothers who split a ticket and they hit the 1 dollar superfecta,of course the ticket cost them a little over 1 thousand dollars,but still. The 1 dollar super paid over 321 thousand dollars.

That’s a great story 🙏🏻❤️

congratulations whoop whoop that is awesome way to go!

Beautiful Horse...hope he wins if they decide to race him in the Preakness...but if they should decide to skip that shorter race and just go for the longer Belmont Stakes.. if that would offer Strike a better chance...that's OK too! Whatever is best for their handsome boy!

LOVE Horse racing, we need more tracks in Florida!!

I was praying for The Lord to bless the right horse to win. I even prayed for a longshot to win, even the longest shot. Thank You Lord for blessing Rich Strike to win The 148th Kentucky Derby. Yes! he had divine help. I didn't bet at all, I just wanted to watch a fantastic race, with a winner nobody would think could possibly win. Totally Amazing! God is Great! Congratulations to the family on their win!

There you go, 37 % for Biden to send to Ukraine. And 10 % will come back for the big guy. Congratulations to the family, touching story.

MD resident following the triple crown for 50 year. I have seen amazing horses but nothing like this is badass

I believe the feeling! My dog Molly passed away on the 8th. I bet her last year and she won!!

37 percent tax , that’s isn’t right I.R.S. !

God told me Rich Strike was going to win, a lesson I needed to learn.

37%?! What a bummer! Congratulations! Great story ♥️

Taxable my ass.37%.What thieves.

Great story and congrats to the whole family! Heartwarming doesn’t even cover how cool that is. I also live in Indiana and won with my bet. But my wager wasn’t random. I can read horses.

Gambling is Fully 37% taxible...but if you win big on the Stock Market Casino its taxed either at 20%, 15% or 0%. Same type of gambling betting on a horse or betting on a stock not the same gambler.

Great run

I thought they were betting on the horse because that was the dads name (Rich Strike) or maybe the dad always talked about striking it rich. No just some random winner. No big story here.

Random, but that's a really nice tombstone!

Thank you

Nice job reporting. 37% tax and the government didn’t have to pick a horse or place a bet. Outrageous.

This is a beautiful story.

Yeah...way to bum us out with the IRS reminder...lol!

Congratulations 👏🎉 Enjoy Hawaii 🙂😁

Such a beautiful story

Just wait until everyone else wants a slice of the pie.

Congratulations!

🙌🏾🙌🏾🙌🏾

Lovely family.

So God “fixes” horse races too?

Congratulations 👏👏 🙏🇺🇸

Congrats guys

Nice take..spend it wisely.

What u thinking about what next

Golly gee how much did you bet what was the wager was it to win place or show thanks for the help

Good 4 the under dog i love it

IRS? Thanks for the damper, McSwine.

But millions!!! Was lost on the favourites! Who was on their side!!!

Wonderful Win. GOD Bless. Aloha...😋

It's all about how much money you got win or lose...

Congratulations on the big win…. Thanks to Richie

So stupid that gambling winnings are taxable

Wow that's a great story!!! I wish the family a safe and fun vacation. Mathematics has never been my strength. Did I do the math right? 37% of $25,000 Are the taxes $9250? $15,750 is an Amazing gift, but the tax % is darn near criminal. I'm in Illinois, Michael Madigan and his cronies destroyed racing in Illinois. Arlington Park (International racecourse) is closed forever. It was home to the very first $1M race. He didn't want machines at racetracks. Probably because he couldn't collect taxes on slot machines. If this tax dollar amount is correct(?) He is more corrupt than I had even imagined. Well, makes sense, Chicago is not called "The Windy City" because of the wind conditions.

I picked rich strike only bet 50....but how exciting

I once bet a horse that went off at 14 to 1...all the other horses went off at 12:45

Sometimes real opportunity on the betting line. Herd mentality probably extra strong to bet only favorites this race. Sometimes that dark horse that caught your eye gets a bad gate position. I like betting on the longer shots, but only across (win, place, show).

Hurry up and spend it! Church Hill downs might revoke winnings when the drug test comes back😅

37%??? WTF!

You go mom ! Have fun , spend wisely

it's not always taxed. Some, apparently new teller at the OTB place I was at this weekend...handed someone over $4800 cash off of a pick 3 winner-- from one single ticket. lol.

Easy to say after the race but i looked at Rich Strikes speed figures and his workouts leading up to the race and he had a decent chance. He was way too big a price at 80/1 thats for sure.

Does the IRS share in the losses ?

I believe he's big time.

Would have loved to see that ticket?

Never put a large bet on one ticket, break an the government gets nothing

Not true on taxes, only if $650/$1 bet.

How much did they bet?

This is why you always bet the long shot

Win bets are not taxable unless the horse is 300 to 1. You never told us what sort of bet they made.

I won 240 on rich strike it was a 3 dollar bet that I placed thru simulcasting bet

How much do they tax the owner and the trainer and the jockey I'd like to know

First of all, if they were all individual tickets, they would not have to pay a cent in taxes. Besides, it’s less than 300 to one meaning no Taxes needed

How did the winnings come to that amount? $300 at 80 to 1 is 24,300. Yet it says 24,540. Also it says $2 win on same horse under it, yet that's $0 return, how?

Happy for them. No taxes on 80-1 long shot like that, I think.

THE MOB (irs) ALWAYS GETS THEIR TAKE.

IRS tax rate is much less than 37% at lower tax brackets.

Why did their dad pass away from?

So how this work. I won this horse. I was the only one in caesars palace that one. I have it on video. I also have a voice text I sent to myself on November 25th saying the longest odds would win the Kentucky derby. Weirdly this info was downloaded to me I don't know how. I have the vid proof text proof and all.

imagine if someone bet a chunk of their entire life savings and retirement, say 100k. At 80-1 odds, they'd have won $8 million.

Greedy blood hungry government had to get their nasty fingers on that win too !

$25,000-37%=$15,750. That's ridiculous the government gets to take $9,250.

My daughter had a winning ticket on that horse

That 37% irs.. That's criminal... Nothing like this in the uk

My husband Willie Joe Graham senior was murdered at Elkhart general hospital in the ER by the attending physician and training nurses they murdered him when he was still conscious let me know he wasn't never coming home where do you get murdering monsters at like that after torturing him for 8 hours and didn't you trifling Mennonites from Goshen came to supposed to be helping me with my grief but what they were doing was stealing his medical records for what why didn't I just let him come home I don't understand there was never supposed to take him away

I don't understand killing a good man what was it a damn game what was it what would you kill him

Of course the thieves we call the IRS had to chime in.

Wow....

The gods must be crazy! On their intuition, they bet on Rich Strike, not on the basis of careful review of Rich Strike performace record. Epic n Zandon hv better track record leading up to the Derby, .. hence not logical to bet on RS but it worked for them! The racing gods must be crazy! No other theory.

It’s amazing. Money you already paid tax on, you bet that money and win, and old Uncle Sam wants his cut still.

Next time do 15 separate bets of $20

F the govt. Use bookies, folks.

37% to taxes, what a fucking disgrace

I would always bet on the underdog.

What was Jesus backing?

Of course, don't forget to pay your Favorite Uncle....Jack*ff

That's not right. The tax rate shouldn't be greater than the tax payers nominal tax rate. Of course it should not be zero.

The Jake Barton retirement Care center that's what I heard what did you hear