Thank you, some great info. So if I understand this correctly.... if I go to, say, my DK and BetMGM accounts, and there is no 1099 or W2, that means they did not report the info to the IRS?
If it turns out to be your lucky day and you take home a net profit of $600 or more for the year playing on websites such as DraftKings and FanDuel, the organizers have a legal obligation to send both you and the IRS a Form 1099-MISC. If you receive your winnings through PayPal, the reporting form may be a 1099-K.
