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FanDuel Tax Calculator

Enter your FanDuel winnings, losses, and state to estimate what you'll owe on your sportsbook profit for the 2026 tax year — federal and state, in seconds.

Your FanDuel year

Estimated tax on your FanDuel winnings

Enter your winnings to see the estimate.

Estimate only, using 2026 single-filer federal brackets and a flat state rate. Local surtaxes, AMT, NIIT, and any FanDuel withholding already taken are not included. Not tax advice.

Worked example: $20,000 won, $14,000 lost

Say you earn $75,000 at your job, live in Pennsylvania (3.07%), and finish the year with $20,000 of FanDuel winnings against $14,000 of losses.

  • Report the gross, not the net. The IRS wants the full $20,000 as income — not the $6,000 you actually cleared.
  • If you itemize: you deduct $14,000 of losses on Schedule A, so only $6,000 is taxed federally — roughly $1,320 at the 22% bracket.
  • If you take the standard deduction: the losses do nothing federally, and the full $20,000 is taxed — roughly $4,400.
  • State: Pennsylvania taxes the full $20,000 at 3.07% — about $614 regardless of itemizing.

That gap — about $3,000 — is why keeping a bet-by-bet record matters more than the calculator itself.

FanDuel tax questions, answered

Does FanDuel take taxes out of my winnings?

Usually not. FanDuel withholds 24% federal tax only when a payout meets IRS rules — typically odds of 300-to-1 or greater paying $5,000 or more. Most winnings arrive untaxed, so the bill lands at filing time.

Can I subtract my FanDuel losses from my winnings?

Only if you itemize on Schedule A, and only up to the winnings you report. Several states disallow the deduction entirely.

What tax form does FanDuel send?

A W-2G for qualifying sportsbook and casino payouts, and a 1099-MISC once net fantasy or promotional winnings hit $600. You report your winnings either way — see the FanDuel tax form guide and the win/loss statement walkthrough.

Betting on more than one book? Compare with the DraftKings vs FanDuel tax comparison or run the general gambling tax calculator.

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