Daily fantasy sports winnings tax in Nevada
Nothing. Nevada has no personal income tax. Federal tax still applies.
Updated · 2026 tax rules · How we calculate
You keep
$4,400
Cash at payout
$5,000
Total tax
$600
Due when you file
$600
- Form 1099-MISC
- Yes
- Federal withholding at payout
- $0
- Federal tax on the winnings
- $600
- State tax
- $0
- Still to pay when you file
- $600
- You keep
- $4,400
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.
Nevada has no personal income tax.
Tax owed ($600) 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 $600 in federal and state tax: an effective rate of 12%.
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
- Nevada tax
- Nothing. Nevada has no personal income tax. Federal tax still applies.[1]
- 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
What you keep at different amounts
For a single filer with $60,000 of other income and no gambling losses, living and winning in Nevada.
| Won | 1099-MISC | Withheld | Federal tax | State tax | You keep |
|---|---|---|---|---|---|
| $1,500 | No | $0 | $180 | $0 | $1,320 |
| $2,000 | Yes | $0 | $240 | $0 | $1,760 |
| $5,000 | Yes | $0 | $600 | $0 | $4,400 |
| $10,000 | Yes | $0 | $1,550 | $0 | $8,450 |
| $100,000 | Yes | $0 | $22,114 | $0 | $77,886 |
Questions
- How much is Nevada tax on daily fantasy winnings?
- Nothing. Nevada has no personal income tax. Federal tax still applies.[1]
More for Nevada
All of Nevada's gambling tax rules · Daily fantasy sports in every state
Sources
- [1] Tax Foundation, State Individual Income Tax Rates and Brackets, 2026 · checked September 22, 2026
- [2] IRS, Instructions for Forms 1099-MISC and 1099-NEC (2026) · checked September 22, 2026