We have created this page for all NYRA Bets players as a resource to find the information needed to file your Taxes for your gambling winnings. Customers can also locate their W-2Gs online. Please read below for additional information.

Important Information for NYRA Bets Account Holders
The Internal Revenue Service requires reporting of payouts that exceed odds of 300 to 1 and pay in excess of $600.  IRS regulations also require automatic 24% withholding on payouts that exceed $5,000. When betting with a NYRA Bets account the 300-1 threshold will be calculated based on the total net amount bet on a single day, track, race, and pool (Ex. all bets you made in the Superfecta pool on Aqueduct’s 5 th Race).  This reporting is provided on form W-2G. NYRA Bets may also withhold any and all applicable state or local taxes as required by applicable law.

How do I know if I have any reportable or withheld wagers?
Locate the Transactions/W-2G report on the menu under the blue Bet Now button. Click the W-2G button and select the year or statement dates. All W-2Gs will be displayed and can all be immediately downloaded or summarized.

When will I receive and how can I obtain my W-2G forms?
NYRA Bets mails out W-2G forms once a year. All W-2G reports (reportable and withheld) will be mailed out by 1/31/19. In the event you received more than one W-2G in 2018; they could be mailed in multiple packages. 

It is very important that we have your current address on file.    Please verify your address by logging in and clicking on Account Details under My Account. If you need to update your address, please download, complete and  mail this form to our Customer Service at P.O. Box 90, Jamaica, NY or fax 1-866-697-2946 with attention Account Manager. 

If you do not receive your W-2G statements by 2/7/19 please contact NYRA Bets support at  [email protected].

Can I get my W-2G online?
Yes, all customers can download their W-2Gs or view/print past W-2Gs in their NYRA Bets Account. Locate the Transactions/W-2G report on the menu under the blue Bet Now button. Click the W-2G button and select the year or statement dates. All W-2Gs will be displayed and can all be immediately downloaded or summarized.

Where can I get a summary of my wagers for 2018?
NYRA Bets provides two different reports under the My Accounts section to assist you with finding the right information needed.

·         ROI Tracker – This report will provide you with handle totals, payouts and a Win/Loss total and percentage. Select the dates for the time frame needed and how you would like to view the data. This is a great tool to use year round.

·         Statements – This Summary Statement gives account details for the month selected and YTD. Details about credits and debits to your account are provided with a Profit/Loss line item.

What was the impact of the 2017 IRS Regulation Changes?
Effective 9/28/17, for account wagering (like using your NYRA Bets Account), the IRS now considers the total net amount bet through a single electronic account on a single track/day/race/pool to calculate the 300-1 threshold.
While we have realized a significant reduction in wagers requiring reporting and withholding, there still have been both reportable and withheld wagers on NYRA Bets since 9/28/17. Click here for more information on the IRS regulations.

How can I receive previous year’s tax information?
Previous years’ W-2Gs are available through NYRABets.com. Locate the Transactions/W-2G report on the menu under the blue Bet Now button. Click the W-2G button and select the year or statement dates. All W-2Gs will be displayed and can all be immediately downloaded or summarized.

If you have any questions about W-2G statements or Summary statements please contact  [email protected] or by phone at 1-844-NYRA-BET.

For more information on taxes on gambling income, visit the IRS website .