Sportsbook Taxes · 2026
BetMGM Tax Form 2026: W-2G, 1099 & Download Guide
Quick answer: BetMGM reports to the IRS. Sportsbook wins trigger a W-2G at $600+ (300:1 odds), and slot/keno/poker follow the standard casino thresholds. Promotional income of $600+ generates a 1099-MISC. Both forms are available in your BetMGM account by January 31.
BetMGM W-2G thresholds
| Product | Threshold | Form |
|---|---|---|
| Sportsbook single wager | $600+ at 300:1 odds | W-2G |
| Slots / bingo | $1,200+ | W-2G |
| Keno | $1,500+ net | W-2G |
| Poker tournament | $5,000+ net | W-2G |
| Promos / referrals | $600+ per year | 1099-MISC |
How to download your BetMGM tax form
- Log in to betmgm.com from a desktop browser (mobile hides the tax section).
- Open Account → Transaction History → Tax Documents.
- Select the tax year and download the W-2G and/or 1099-MISC PDFs.
- Reconcile totals against your own session log before filing.
No form after January 31? Verify the SSN and address on your BetMGM profile and contact support. Mismatches after a move are the most common reason forms fail to generate.
Reporting BetMGM winnings
- W-2G Box 1 wins go on Schedule 1, Line 8b of Form 1040.
- 1099-MISC Box 3 promo income goes on the same line.
- Deduct losses on Schedule A — capped at 90% of winnings for tax year 2026.
Track BetMGM sessions the way the IRS expects
NetBetTracker keeps a contemporaneous session ledger that reconciles to your BetMGM W-2G and 1099 totals — the exact record the IRS asks for during an audit.
Start free 7-day trial