What is Form W-2G?
It’s a tax form Betway has to issue to all customers who have had wins which met the W-2G criteria in the previous year.
What is W-2G Criteria?
- Winnings > $1200
Sports / Table Games
- Win of $600 or more
- Minimum odds of 300:1
When does Betway send Form W-2G to its customers?
Before the end of January for the previous year.
Why does Betway send Form W-2G to its customers?
To be compliant with Federal Tax requirements of the Internal Revenue Service (IRS).
How does Betway send Form W-2G to its customers?
Currently, Betway only sends these forms via regular mail. In the future, we will give customers the ability to request them via email or physical mail.
Can I “unsubscribe” to these forms?
No, since it’s a federal requirement, Betway is required to send the forms and cannot offer an opt-out option for customers to request to not receive them.
What does it look like?