What is a Win/Loss Statement?

The Win/Loss Statement is a summary of the money transferred to and from games and/or sports bets using your online casino and/or sports betting account(s). This summary is your net overall win amount or net overall loss amount for the year from casino, sports, and tournament play. The Win/Loss Statement gives information that may be used when filing taxes. Please note, however, that deposits and withdrawals are NOT reflected in the Win/Loss Statement. 

The Win/Loss Statement is not a legal document intended for tax reporting. It may or may not match your records. The IRS recommends that you keep a diary of your gaming activities. We cannot answer specific questions regarding tax return preparation. Please contact a tax advisor or the IRS at www.irs.gov.