Daily fantasy sports winnings tax in Oklahoma
Oklahoma taxes daily fantasy winnings as ordinary income at graduated rates from 0% to 4.5%.
Updated · 2026 tax rules · How we calculate
You keep
$4,175
Cash at payout
$5,000
Total tax
$825
Due when you file
$825
- Form 1099-MISC
- Yes
- Federal withholding at payout
- $0
- Federal tax on the winnings
- $600
- State tax
- $225
- Still to pay when you file
- $825
- You keep
- $4,175
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.
Oklahoma taxes gambling winnings as ordinary income.
Tax owed ($825) 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 $825 in federal and state tax: an effective rate of 16.5%.
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
- Oklahoma tax
- Oklahoma taxes daily fantasy winnings as ordinary income at graduated rates from 0% to 4.5%.[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
- Oklahoma withholding
- No Oklahoma withholding requirement for daily fantasy winnings. Tax is due when you file.[3]Unverified
- Gambling losses
- You can deduct losses only if you itemized on your federal return. Oklahoma itemized deductions start from federal Schedule A and are capped at $17,000 (medical and charitable excluded), and gambling losses count toward the cap.[5]Unverified
- Visitors
- Oklahoma taxes nonresidents on daily fantasy winnings won there, so visitors may need to file a nonresident return.[6]
What you keep at different amounts
For a single filer with $60,000 of other income and no gambling losses, living and winning in Oklahoma.
| Won | 1099-MISC | Withheld | Federal tax | State tax | You keep |
|---|---|---|---|---|---|
| $1,500 | No | $0 | $180 | $68 | $1,253 |
| $2,000 | Yes | $0 | $240 | $90 | $1,670 |
| $5,000 | Yes | $0 | $600 | $225 | $4,175 |
| $10,000 | Yes | $0 | $1,550 | $450 | $8,000 |
| $100,000 | Yes | $0 | $22,114 | $4,500 | $73,386 |
Questions
- How much is Oklahoma tax on daily fantasy winnings?
- Oklahoma taxes daily fantasy winnings as ordinary income at graduated rates from 0% to 4.5%.[1]
- Does Oklahoma withhold tax from daily fantasy winnings?
- Oklahoma has no withholding requirement for daily fantasy winnings. Tax is due when you file.[3]Unverified
- Do visitors pay Oklahoma tax on daily fantasy winnings?
- Oklahoma taxes nonresidents on daily fantasy winnings won there, so visitors may need to file a nonresident return.[6]
More for Oklahoma
All of Oklahoma's gambling tax rules · Daily fantasy sports in every state
Sources
- [1] Oklahoma Tax Commission, 2025 Legislative Update · checked September 22, 2026
- [2] IRS, Instructions for Forms 1099-MISC and 1099-NEC (2026) · checked September 22, 2026
- [3] Okla. Admin. Code 710:23-1-11, Withholding from winnings (charity games) · checked September 22, 2026
- [4] Okla. Admin. Code 429:15-1-10, Required prize withholding · checked September 22, 2026
- [5] 2025 Oklahoma Form 511 Packet (Oklahoma Tax Commission) · checked September 22, 2026
- [6] 2025 Oklahoma Form 511-NR Packet (Oklahoma Tax Commission) · checked September 22, 2026