rahi4567
Returning Member

Reporting Gambling Winnings Using Sessions Method

Hi - Below is a screenshot of my 2022 gambling transaction log given to me by Draftkings. I simply added my wins and losses to come up with my net positive wins and losses per session. My total net session wins came out to $227k and my net session losses totaled $388k. 

 

My question is, did I even have to report the $227k net session in wins to the IRS even if my net session losses were $388k? For my 2022 return, I reported $227k (+5k in bonuses) in net session wins and reported gambling losses of up to net session winnings. 

 

I just want to make sure I filled out my return correctly. 

 

Sessions Log.JPG