When a wager pays more than $600 at odds of 300 to 1 or greater based on total of all wagers placed into a particular pool of wagers:
▶TVG will mail an IRS form W-2G to the subscribers’ for each qualifying wager.
▶W-2G forms are generated automatically when the subscriber meets the reporting criteria.
▶Copies are sent to the IRS and to each subscribers’ state of residence.
When a wager pays out $5,000 or more with odds of 300 to 1 or greater based on total of all wagers placed into a particular pool of wagers:
▶25% of the total payout is withheld and remitted to the IRS in the subscribers’ name.
▶W-2G forms are generated automatically when the subscriber meets the reporting criteria.
▶Copies are sent to the IRS and to each subscribers’ state of residence.
Year End Reports show how much you have wagered, won, deposited and withdrawn in a given year. You can find W2-Gs & Year End Reports on the desktop site. To reach the desktop site from a mobile device tap More, then Go to Desktop. Click on Account in the upper right corner of the page to access the reports.
You can also request physical copies be mailed to you. Please email us at support@TVG.com