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Sports betting tax calculator

Sportsbook winnings are taxable, and from tax year 2026 only 90% of your losses are deductible against them. Total your winnings and losses across every book (DraftKings, FanDuel, BetMGM and the rest) to see what's taxable.

Enter the year's totals
Deductible losses (90% limit, capped at winnings)$90,000
Taxable gambling income$10,000
Of which is phantom income (the 10% of losses no longer deductible)$10,000

An estimate for a single-year federal calculation only — automated bookkeeping, not tax advice. A licensed CPA should review before filing.

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The totals above are only as good as the documents behind them. W2gMatch reads your W-2Gs, win/loss statements and IRS transcript and ties them together.

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