DraftKings tax documents

Checked against DraftKings’s own pages on 2026-09-13.

Do you owe tax on DraftKings winnings?

Every dollar you win is taxable income, whether or not anyone sent you a form. Losses come off only if you itemize, and only up to your winnings. From tax year 2026 you may deduct just 90 percent of your losses, so breaking even now produces taxable income.

Take the standard deduction, which most filers do, and the losses do nothing at all. Your gross winnings are taxed in full.

Find your state’s guide and calculator.

Sources for this section

A sportsbook reports individual qualifying wins on Form W-2G. A W-2G does not show your yearly profit or loss, so it is never a measure of what you owe.

What DraftKings issues

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  • Form W-2G for Casino, Sportsbook, Pools and Horse Racing
  • Form 1099-MISC for Daily Fantasy Sports, Pick6 and free-to-play Pools

Where to find it

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The Financial Center. In the Sportsbook or Casino app, tap your profile photo top right, then the Download Tax Documents tab. In the Fantasy app, profile photo, View Balance Details, then the Taxes tab. Two-factor authentication is required for each download.

When it appears

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Expected at the end of January for the prior year. DraftKings words this as "expected to be", and adds that a weekend may move it to the next business day.

How it reaches you

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DraftKings delivers it in your account and by post.

The thresholds, as DraftKings states them

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What DraftKings says triggers a form

DraftKings’s own wording, not the rule. Operators restate the law, and their wording is not always correct.

  • Slots and video poker, reporting at gross winnings of $2,000 or more, not reduced by the wager
  • Keno, reporting at net winnings of $2,000 or more
  • Sportsbook, casino table and live dealer, reporting at net winnings of $2,000 or more at odds of 300 to 1 or better
  • Withholding of 24 percent at net winnings of $5,000 or more at odds of 300 to 1 or better
  • Sweepstakes, paid pools and lotteries, reporting at net winnings of $2,000 or more that are at least 300 times the amount wagered
  • Form 1099-MISC above $2,000 of net earnings, calculated as cash winnings less cash entry fees plus cash bonuses

For a sportsbook wager, the reporting threshold is set by 26 U.S.C. 6041(a), which section 70433(a) of Public Law 119-21 raised from $600 to $2,000 for payments made after 31 December 2025. A sportsbook W-2G also needs winnings of at least 300 times the wager. That change also reaches slot machines, bingo and keno. 26 CFR 1.6041-10 still prints $1,200 for slots and bingo and $1,500 for keno, but the Treasury says the statutory floor applies regardless (REG-113229-25), so $2,000 is the figure for all three for payments made in 2026. Some casinos may still issue a form at the lower figures. That does not change what you owe. Every dollar of gambling winnings is taxable whether or not a form arrives, so do not read a missing form as a missing tax bill. How the W-2G threshold works.

How many forms to expect

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One W-2G per game type per day. Multiple qualifying payouts on the same day for the same game type are aggregated into one form, so an active bettor receives many.

The win/loss statement, which is not your tax form

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A win/loss statement exists but only by contacting support. DraftKings does not say whether it is a tax document, and points to a tax professional and IRS Topic 419.

This is the document a session log is built from, and the one most often mistaken for a tax form. Per wager or per session, and why it changes your bill.

Worth knowing

  • DraftKings calls the same screen three different things across its own help pages: Financial Center, Document Center and Tax Center. The app labels it Download Tax Documents. Look for that.
  • In Oregon the Oregon Lottery also mails a W-2G for each individual transaction, so there is a second issuer. For an Oregon W-2G from 2022 or earlier, DraftKings says to contact customer support.
  • Fantasy play stops at $500 of annual gross winnings until you verify your Social Security number. That gate is well below the reporting threshold.
  • The help centre moved. Old help.draftkings.com links send you to a new site, and the page addresses changed.

What we could not confirm

We could not confirm the company name that appears on the form from a page DraftKings publishes that we could read. We have left that out rather than guess.

Sources

DraftKings’s own pages. Operator help centres change without notice, so each source shows the date we read it.

  1. 1. DraftKings, Where can I find my tax forms and documents? read 2026-09-13
  2. 2. DraftKings, What are the reporting thresholds? read 2026-09-13
  3. 3. DraftKings, Key tax dates read 2026-09-13
  4. 4. DraftKings, Reporting thresholds for Daily Fantasy Sports and Pick6 read 2026-09-13
  5. 5. DraftKings, How do I get a Win/Loss Statement? read 2026-09-13
  6. 6. DraftKings, Opting in to electronic-only delivery of tax forms read 2026-09-13

Work out your tax by state

Each state has a guide to its rules and a calculator for your own numbers.