DraftKings customers are required to fill out an IRS Form W-9 following a reportable win. The requirements for reporting and withholding depend on:
- The taxable reporting criteria for the type of game.
- The amount of winnings.
- In some cases, the odds (ratio of the winnings to the wager).
The information provided by the player on the W-9 (name, social security number, and address) is used by DraftKings to populate IRS Forms W-2G and/or 1099-Misc.
Important: If you have a reportable win and don’t fill out a W-9 when requested, or if your W-9 can’t be validated with the Internal Revenue Service (IRS), then DraftKings is required to remit 24% of the winnings to the IRS as Backup withholding.
In the event your legal name, Social Security Number (SSN), or home address has changed, please fill out an updated W-9.
Learn more about what is reportable to the IRS: