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Do I have to pay tax on my winnings?
We want to inform you that all winnings of $600.00 or more with odds of 300:1 (+3000) or higher need to be reported to the IRS.
If you hit a win of $600.00 or more with those odds, just reach out to our Support Team to request your W2G Form. You can contact us via Live Chat, phone, or email at support@ballybet.com—we're here to help!
Also, please note that any net win of $5,000 or more with odds of 300:1 (+30000) will be subject to a 24% withholding. While we can’t provide personal tax advice, whether you owe tax on your winnings will depend on your individual circumstances.
For more information about gambling winnings and taxes, feel free to visit the IRS website here.