Sportsbook Taxes · Updated September 2026
BetMGM Tax Forms: W-2G at $600, Posted by January 31
BetMGM posts your tax forms by January 31 in Account → Transaction History → Tax Documents. A W-2G is issued when a single sportsbook wager wins $600 or more at 300:1 odds (slots $2,000, keno $1,500 net, poker $5,000 net). Promotional and referral income of $600+ in a year gets a 1099-MISC. Yes — BetMGM files both with the IRS.
Quick answer
Your BetMGM tax forms live under Account → Transaction History → Tax Documents on desktop, and are posted by January 31 for the prior tax year. You get a W-2G for a single sportsbook win of $600+ at 300:1 odds (slots $2,000+, keno $1,500+ net, poker $5,000+ net) and a 1099-MISC if promos and referrals total $600+ for the year. BetMGM files copies with the IRS, so report the winnings even if no form appears.
BetMGM W-2G thresholds
| Product | Threshold | Form |
|---|---|---|
| Sportsbook single wager | $600+ at 300:1 odds | W-2G |
| Slots / bingo | $2,000+ | 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 trialFull 2026 W-2G threshold reference
Every threshold in one sourced table — sportsbook $600 at 300:1, slots & bingo $2,000 (up from $1,200 on Jan 1, 2026), keno $1,500 net, poker $5,000 net — plus when 24% federal tax is withheld.