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PurplePride92

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I have a question, I know all winnings on Fanduel are taxable. I read anything over $600 they'll send you out like a 1099 form or whatever. I havent played fanduel since last football season but I thought bout joining your guys fun, on my history on my FD, my winnings are around $576 but I have never cashed at any point because I'm so inconsistent. My question if I hit over the 600 on FD is that when they'll send me the tax form or only win I cash out over 600?

 

Sorry, I hit kinda big on the derby a few years back and seem like a headache when tax time rolled around just trying to make sense of this.

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I have a question, I know all winnings on Fanduel are taxable. I read anything over $600 they'll send you out like a 1099 form or whatever. I havent played fanduel since last football season but I thought bout joining your guys fun, on my history on my FD, my winnings are around $576 but I have never cashed at any point because I'm so inconsistent. My question if I hit over the 600 on FD is that when they'll send me the tax form or only win I cash out over 600?

 

Sorry, I hit kinda big on the derby a few years back and seem like a headache when tax time rolled around just trying to make sense of this.

 

I think those winnings have to come on the same calendar year. So if those winnings all came before January 1 of this year, you are clear, no IRS worries. I don't think it has anything to do when you cash out....only when you win it.

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I'm thinking about making the jump. Forgive me if this has been brought up in this thread previously, because I haven't read through it all, but has anybody been on draft kings? What is the big difference between the two? Are there any differences?

 

DFS Football 101: A Winner's Guide to NFL DFS

 

FanDuel

 

• Salary Cap: $60,000

• Roster: QB, 2 RB, 3 WR, TE, K, D

• Unique Wrinkles: 0.5 points per reception, kickers

 

DraftKings

 

• Salary Cap: $50,000

• Roster: QB, 2 RB, 3 WR, TE, D, Flex

• Unique Wrinkles: 1 point per reception, 3 points for 300 yards passing, 3 points for 100 yards rushing/receiving, flex position, no kickers, ability to late swap players in/out until their games start

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