When will I see the tournament winnings in my bankroll?
If you are a US citizen, your taxable winnings will be credited to your bankroll within 48 hours of the tournament and you will receive a W2G form to keep for your records. All tax forms will be sent to your registered email address on file via our secure messenger. (Please note that the secure messenger site will automatically delete emails after 30 days so it is very important that you download/save your tax form to your computer within that timeframe).
If you are from a non-tax treaty country and have taxable winnings you will be sent a tax form (1042-S) and have 30% federal tax withheld and 3% state tax withheld; the remaining funds will be released within 48 hours to your bankroll.
If you are from a tax treaty country and have taxable winnings you will be sent a W-8BEN form to fill out and asked to provide a US TIN along with a copy of your passport. Once the documents are returned, you will be sent a 1042-S tax form without federal tax withholding and the funds will be released to your bankroll.
If you do not have US TIN, than 30% federal tax withholding and 3% state tax withholding will be taken from your winnings.
For additional questions regarding a taxable win please email our tax team at njonlinetax@caesars.com.
For additional support questions please contact WSOP.com support at 1-855-218-6232 or via email NJSupport@WSOP.com.