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Do I Have to Pay Taxes on My DraftKings Winnings?

I'm i responsible for paying taxes on money won playing fantasy football on

1 Answer

According to

"You do have to pay taxes on your Cumulative Net Profit from fantasy sports. DraftKings is required to issue 1099 tax form(s) to any player who has a cumulative net profit in excess of $600 for the calendar year. This is calculated by the approximate value as ((prizes won - entry fees)+bonuses)."

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