What is a Win/Loss Statement?
The Win/Loss statement is a net summary of the money transferred to and from games using your online gaming account. This accumulation is a net overall win or net overall loss for the year for casino or tournaments play. The Win/Loss statement gives information that may be used when filling taxes. Please note deposits and withdrawals are NOT reflected. The Win/Loss statement is a net summary of money transferred to and from games using your online gaming account. (Poker cash games are omitted from Win/Loss – it is a player’s responsibility to track poker win/loss from cash games.)
Please note, Win/Loss statements is not intended for tax reporting. It may or may not match with your records. The IRS recommends keeping 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.