A W-2G is issued when a payout is more than $2,000, the winnings are at least 300 times the wager, and the wagers are on the same track, race, and pool. Federal tax of 24% may be withheld when net winnings are more than $5,000 and meet the 300-times rule. You can view W-2Gs and your win/loss statement in Account History.
A W-2G is the IRS form that reports certain gambling winnings. This article explains when a W-2G is issued, when federal tax is withheld, and how to view your W-2Gs and win/loss statement online.
What you need to know
A W-2G is issued when all of the following apply:
- The payout is more than $2,000.
- The winnings are at least 300 times the amount wagered.
- The wagers are on the same track, race, and pool. A pool is the total amount bet on one wager type in a race, such as win or exacta.
Identical wagers placed with us on the same event and in the same pari-mutuel pool may be combined for reporting.
Federal tax of 24% may be withheld when both of the following apply:
- Your winnings minus the amount wagered are more than $5,000.
- Your winnings are at least 300 times the amount wagered.
How to view or print your W-2Gs online
- Select the user icon.
- Select Account History from the drop-down menu.
- Select Tax Documents.
- Select the year you want. If you have reportable W-2Gs for that year, you can view, download, or print each one.
How to view or print your win/loss statement online
- Select the user icon.
- Select Account History from the drop-down menu.
- Use the calendars to select January 1 and December 31 of the year you want.
- Review your profit and loss information on the right.
Important details
- 2026 reporting update: A change in tax law updated W-2G reporting requirements, and the new rules apply to qualifying tickets starting January 1, 2026. If a W-2G that was previously listed in your account no longer appears, it will not be reported to the IRS.
- W-2G summary statements list all reportable wagers and any tax withheld. They are mailed by January 31 for the prior tax year and may also be available online.
- We can't provide tax advice or tell you whether to report winnings on your tax return. If you have questions, consult a tax advisor.