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Anyone know why I have to fill out a W-9 for Draftkings

Participants:

Posts: 3

sean2114

All-Star

Joined: Apr, 2007

Posts: 11689

Posted: Jan. 3, 2016 - 7:00 PM ET #1

How safe is their site? I am a little leery about giving them my SSN number? I have withdrawn from them a few times this year and this is the first I am being asked for it? Did I go over some limit? I have only won maybe $1,000 on their site. Seems odd to me.

payne034

All-Star

Joined: Nov, 2005

Posts: 12161

Posted: Jan. 3, 2016 - 7:04 PM ET #2

Yep 600 have to feel one out....I pulled everything out and left them when they wanted my social....

What sucks is say you buy in for 100 and over the next month u win 500 and lose 600 through various contest. Well they don't count all the losses they just count winnings

AndrewStang

Prospect

Joined: Oct, 2009

Posts: 26

Posted: Jan. 10, 2016 - 11:31 AM ET #3

Quote Originally Posted by payne034:

Yep 600 have to feel one out....I pulled everything out and left them when they wanted my social....What sucks is say you buy in for 100 and over the next month u win 500 and lose 600 through various contest. Well they don't count all the losses they just count winnings

You can claim your losses on your taxes for up to the amount you win so you need to keep track of your losses. You can ask them for profit/loss statement and they should be able to provide that.

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Anyone know why I have to fill out a W-9 for Draftkings

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