We want to inform you that all sports winnings of $600.00 or more with odds of 300:1 (+3000) or higher need to be reported to the IRS.

Additionally, please note that any net win of $5,000 or more with odds of 300:1 (+30000) will be subject to a 24% Federal Tax and 4.95% State Tax withholding. For instructions on how to download your W2G form, please click here.

While we can’t provide personal tax advice, whether you owe tax on your winnings will depend on your individual circumstances.

For more information about gambling winnings and taxes, feel free to visit the IRS website here.