Why am I being asked to fill out an IRS Form W-9 for DraftKings?
DraftKings customers are required to fill out an IRS Form W-9 following a reportable win. The requirements for reporting and withholding depend on: The taxable
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lifesaver
Give 25 points!
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rocket
Go to first place!
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gift
Win 25 points!
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banana
Go to last place!
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What is a big win for SB?
For Sportsbook, Table Games, and Live Dealer games, a "Big Win" would be considered a payout of $600 or more AND 300x the size of your wager.
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thief
Give points!
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fairy
Take points!
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shark
Other team loses 25 points!
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baam
Lose 25 points!
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Am I taxed on my DraftKings withdrawals?
DraftKings customers in the United States aren't taxed on their withdrawal
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Is there documentation to help me claim credit for IRS withholdings?
Yes, the IRS Form W-2G is the tax form used to report gambling winnings and any state or federal income tax withheld on those winnings.Â
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What a tax is?
English Language Learners Definition of tax. (Entry 1 of 2) : an amount of money that a government requires people to pay according to their income, the value o
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What is the withholding?
The tax withholding is only a backup for tax purposes regulated by the IRS. The amount withheld may not be the correct amount that you will end up paying to the
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Do you have to pay taxes on DraftKings winnings?
According to the law, fantasy sports winnings of any size are considered taxable income. So, if you enter a daily fantasy sports contest on DraftKings.
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Where can I find my DraftKings tax forms / documents (1099/ W-2G)?
If you qualify to receive tax forms from DraftKings (IRS Forms 1099/W-2G), you can access the information directly from the Document Center.Â
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How do I update personal information on my tax forms (1099-Misc / W-2G) for DraftKings?
To ensure that DraftKings has the correct information for the tax forms, please visit the DraftKings Tax ID form to confirm or update your details. Doc center
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SB WH
We will **withhold 24%** federal income tax of the total reportable winnings if they equal or exceed $5,000 and the winnings are at least 300X times the wager.
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banana
Go to last place!
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shark
Other team loses 20 points!
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rocket
Go to first place!
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lifesaver
Give 25 points!
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what tax form is for the DFS?
1099
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How do I get a Win/Loss Statement from DraftKings?
You may contact our Customer Support team to request a Win/Loss Statement that details your account activity for a requested time period.