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FanDuel will issue a Form W-2G for each transaction played on other qualifying casino games when both of the following conditions are met: Winnings (reduced by wager) are $600.00 or more; and. Winnings (reduced by wager) are at least 300 times the amount of the wager. We adhere strictly to all federal, state, and local tax laws and regulations.

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Say the Seattle Seahawks are playing the Detroit Lions, and the Seahawks are favorites with a FanDuel moneyline of -500. This means you must bet $500 to win $100 if the Seahawks win. Now let’s say the Lions are the underdog at +350. This means you collect $350 for every $100 wagered.

The biggest sports bet payout ever on FanDuel is $1 million, which is the maximum you can win. Despite taking millions of bets every year, only a handful of players have won the max $1 million payout. The most money ever won on a FanDuel parlay is $1 million. FanDuel has a maximum winning sports betting limit of $1 million for all bet types ...

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