The IRS thinks you won
a lot more than you did.

Every big payout gets reported to the IRS at its gross amount — no context, no losses, even from sessions you lost. TaxBet computes the number the IRS's own rules actually support — usually a fraction of what was reported about you.

Two ways to get to your number
Lost $600 on the year · IRS was told: $28,500 · Defensible income: $12,400sample taxpayer, see the full report
Casinos and sportsbooks file about 31.6 million W-2Gs a year (IRS Publication 6961, 2025 projection) — and from 2026 only 90% of losses are deductible, so a break-even year can owe tax.
Your transaction files never leave your device — everything is parsed and computed in your browser. Your account stores only the computed session summary that fills your dashboard, and you can delete it.
Just exploring? Try it with sample data →
Three numbers behind the problem
100% — every dollar you win is income. Losses only count if you itemize, and nine in ten filers don't.
Win $100,000, lose $100,000, owe tax on $10,000 — only 90% of losses are deductible from tax year 2026 (IRC §165(d) as amended).
Twice as many matches as audits: 987,460 underreporter cases closed against 497,621 audits (IRS Data Book FY2025). You won't get audited — you'll get matched.
How it works
Upload redo the math a number you can defend
1

Upload your exports

CSV or XLSX from any book. TaxBet normalizes every platform into one session ledger.

2

Peek at your position

Free: see the shape of your year and the gap between what the casino reported and where you actually stand.

3

Reveal and keep it running

One payment unlocks your session-backed numbers — wins, losses, net under the 90% cap — and opens your dashboard for the year. Keep uploading; it keeps reconciling.

The casino reports gross payouts.
The IRS taxes sessions.

Every qualifying payout files a W-2G at the moment it happens — even in sessions you finished down — so the forms total a number that isn't your winnings. The session method, the IRS's own framework, computes the figure the law actually asks for.

How the session method works →
What the IRS was told
$49,100
Gross W-2G payouts reported by the casino
Session-method taxable income
$8,200
Winning sessions, net of the deductible losses
Illustrative — tax year 2024. Your real numbers come from your upload.
The part no one mentions
Your losses lower your tax.*
They don't lower your AGI.

Winnings raise your AGI before a single dollar of losses comes off — so even a break-even year moves the number your child tax credit, ACA subsidy, and IRA eligibility key off. Getting the winnings figure right is the only way to see a cliff coming.

*And in ten states, your losses may not reduce your state tax at all — find your state →

Why losses don't lower your AGI →
Not a report. A running picture.
The IRS gets its picture in January.
You get yours all year.

Every W-2G you trigger is already on its way to the IRS. Your dashboard shows the same picture as it forms — sessions computed across every platform, forms counted, exposure estimated — months before a notice could. A losing year that still owes tax, a 90%-cap surprise, a quarterly payment you didn't see coming: you spot it while there's still time to act.

YTD net positionyour real result, updated with every upload
W-2Gs receivedthe forms the IRS is matching
Est. federal exposurewhat your year points at so far
Monthly cash flowsession net, month by month

Built to hand to your CPA, not replace them.

TaxBet produces a read-only workpaper with every number traced to your data — the substantiation most preparers would otherwise spend hours building. Your professional stays in charge; TaxBet does the reconstruction.

TaxBet for CPAs →
Before you start
Questions people ask first

Get your real number.

Upload your data and see where you actually stand — in about two minutes.

Session method per IRS Chief Counsel Advice AM2008-011 & Notice 2015-21.