Daily fantasy sports winnings tax in Georgia
Georgia taxes daily fantasy winnings as ordinary income at a flat 4.99%.
Updated · 2026 tax rules · How we calculate
You keep
$4,151
Cash at payout
$5,000
Total tax
$850
Due when you file
$850
- Form 1099-MISC
- Yes
- Federal withholding at payout
- $0
- Federal tax on the winnings
- $600
- State tax
- $250
- Still to pay when you file
- $850
- You keep
- $4,151
Daily fantasy sites report net winnings of $2,000 or more for the year on a 1099-MISC.
Daily fantasy sports winnings aren't subject to regular federal withholding, whatever the amount. Tax is still owed when you file. If you don't give the payer your Social Security number, 24% backup withholding applies.
Winnings are ordinary income stacked on your other $60,000. Your top dollar lands in the 12% bracket.
Georgia taxes gambling winnings as ordinary income.
Tax owed ($850) minus what was withheld ($0). Set this aside. A large balance can also mean an underpayment penalty unless you make an estimated payment.
$5,000 minus $850 in federal and state tax: an effective rate of 17%.
An estimate for 2026, not tax advice. It treats this win as your only gambling income for the year and leaves out local income taxes. Nothing you enter leaves your browser.
The rules
- Georgia tax
- Georgia taxes daily fantasy winnings as ordinary income at a flat 4.99%.[1]Unverified
- Federal tax form
- Daily fantasy sites generally report net winnings of $2,000 or more for the year on Form 1099-MISC, not a W-2G. The 1099-MISC threshold was $600 before 2026.[2]Unverified
- Federal withholding
- Fantasy sites don't withhold federal tax from winnings in practice.[2]Unverified
- Georgia withholding
- No Georgia withholding requirement for daily fantasy winnings. Tax is due when you file.[3]Unverified
- Gambling losses
- You can deduct gambling losses only if you itemize. Georgia takes itemized deductions from federal Schedule A, and you must itemize for Georgia if you itemize federally.[4]Unverified
- Visitors
- Georgia taxes nonresidents on daily fantasy winnings won there, so visitors may need to file a nonresident return.[5]
What you keep at different amounts
For a single filer with $60,000 of other income and no gambling losses, living and winning in Georgia.
| Won | 1099-MISC | Withheld | Federal tax | State tax | You keep |
|---|---|---|---|---|---|
| $1,500 | No | $0 | $180 | $75 | $1,245 |
| $2,000 | Yes | $0 | $240 | $100 | $1,660 |
| $5,000 | Yes | $0 | $600 | $250 | $4,151 |
| $10,000 | Yes | $0 | $1,550 | $499 | $7,951 |
| $100,000 | Yes | $0 | $22,114 | $4,990 | $72,896 |
Questions
- How much is Georgia tax on daily fantasy winnings?
- Georgia taxes daily fantasy winnings as ordinary income at a flat 4.99%.[1]Unverified
- Does Georgia withhold tax from daily fantasy winnings?
- Georgia has no withholding requirement for daily fantasy winnings. Tax is due when you file.[3]Unverified
- Do visitors pay Georgia tax on daily fantasy winnings?
- Georgia taxes nonresidents on daily fantasy winnings won there, so visitors may need to file a nonresident return.[5]
More for Georgia
All of Georgia's gambling tax rules · Daily fantasy sports in every state
Sources
- [1] Office of the Governor of Georgia, Gov. Kemp signs legislation lowering taxes (May 11, 2026) · checked September 22, 2026
- [2] IRS, Instructions for Forms 1099-MISC and 1099-NEC (2026) · checked September 22, 2026
- [3] Ga. Comp. R. & Regs. 560-7-8-.39 Withholding on proceeds paid by the Georgia Lottery Corporation (LII) · checked September 22, 2026
- [4] Georgia DOR 2025 IT-511 Individual Income Tax Booklet · checked September 22, 2026
- [5] Georgia DOR: Filing Residents, Nonresidents, and Part-Year Residents FAQ · checked September 22, 2026