a New Account
Payment - commonly accepted forms
These are the most accepted forms of payment across online sports betting providers.
Tax Reporting - Wins & Loses
Check with your tax specialist, but in general, if your winnings are above $5,000, the payer, such as a casino or racetrack, is required to withhold federal taxes. Winners simply add what they won to their income, and they are able to deduct any gambling losses up to the amount of gambling income - as long as they itemize their deductions instead of taking the standard deduction.