Does Fanatics Sportsbook report to the IRS?

Yes. Fanatics Betting & Gaming issues a W-2G for qualifying single-wager sportsbook and casino wins and a 1099-MISC for promotional or bonus income totaling $600+ in a calendar year. A copy of every form is transmitted to the IRS.

At what amount does Fanatics Sportsbook send a W-2G?

Fanatics Sportsbook issues a W-2G when a single wager wins $600 or more at odds of 300-to-1 or greater. Fanatics Casino issues a W-2G on slot wins of $1,200+, keno net wins of $1,500+, and poker tournament net wins of $5,000+.

Where do I download my Fanatics tax documents?

Sign in at sportsbook.fanatics.com from a desktop browser, then open Account → Tax Center (or Statements & Tax Documents). W-2G and 1099-MISC forms post by January 31 each year.

Are Fanatics promo credits and no-sweat bets taxable?

Winnings generated from promotional credits are taxable as ordinary income. If total promo-related income clears $600 in a year, Fanatics issues a 1099-MISC reporting it in Box 3 (Other Income).

How do I report Fanatics winnings on my 1040?

Report gross winnings on Schedule 1, Line 8b of Form 1040. Deduct losses on Schedule A itemized deductions, capped at 90% of winnings under the 2026 rules. State tax may also apply where you placed the wager.

Sportsbook Taxes · 2026

Fanatics Sportsbook Tax Form 2026: Does Fanatics Report to the IRS?

Quick answer: Yes, Fanatics Betting & Gaming reports to the IRS. Expect a W-2G for qualifying Sportsbook and Casino wins and a 1099-MISC for aggregate promo or bonus income of $600+ per year. Both post to your Tax Center by January 31 and go on Schedule 1, Line 8b of Form 1040.

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Yes — Fanatics reports to the IRS

Fanatics Betting & Gaming, LLC operates a fully licensed U.S. sportsbook and online casino across states like NJ, MI, PA, OH, TN, and MD. As a regulated operator, Fanatics is required to file W-2G and 1099-MISC information returns whenever your winnings cross federal reporting thresholds. Copies of every form are transmitted to the IRS at the same time you receive yours — unreported gambling income is a common trigger for a CP2000 automated-underreporter notice.

Fanatics W-2G and 1099-MISC thresholds

Product	Form	When it's issued
Fanatics Sportsbook	W-2G	Single win $600+ at 300-to-1 or greater
Fanatics Casino slots	W-2G	Single win $1,200+
Fanatics Keno	W-2G	Net win $1,500+
Fanatics Poker tournaments	W-2G	Net win $5,000+
Promo credits / bonuses	1099-MISC	Aggregate $600+/year (Box 3)

Withholding: federal 24% is withheld automatically on wins of $5,000+ at 300-to-1 or greater, plus state withholding in states like New York and Maryland.

Where to download your Fanatics tax documents

Sign in at sportsbook.fanatics.com from a desktop browser (the mobile app hides the Tax Center behind a link).
Open Account → Tax Center (also labeled "Statements & Tax Documents").
Filter by tax year. Sportsbook and Casino forms are listed separately.
Download each PDF and reconcile the totals against your session ledger before filing.

Fanatics acquired PointsBet USA in 2023. If you had a PointsBet account, older-year forms may still live under the PointsBet Tax Center — check both.

Reporting Fanatics winnings on Form 1040

Report gross winnings on Schedule 1, Line 8b — not net profit.
Deduct losses on Schedule A, capped at 90% of winnings (2026 rule).
Add state gambling tax where the wager was placed (NY, NJ, PA, MD, etc.).

Filing with TurboTax? Follow our TurboTax guide for sportsbook W-2G and 1099-MISC forms — the click path is identical for Fanatics.

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NetBetTracker parses your Fanatics CSV into an IRS-format session ledger — the record you'll need if a W-2G total is ever questioned.

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Yes — Fanatics reports to the IRS

Fanatics W-2G and 1099-MISC thresholds

Where to download your Fanatics tax documents

Reporting Fanatics winnings on Form 1040

Pull once, file confidently

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