For high-volume players
Every payer already sent your W-2Gs and 1099s straight to the IRS — your Wage & Income transcript proves it. LedgerWager reads and reconciles every gambling document you have: win/loss statements, bank records, PayPal, Venmo, and that transcript, into one clean, audit-ready package before a CPA ever opens a file.
Automated bookkeeping and document organization — not a substitute for your CPA. A licensed preparer reviews and files the final return. For TY2026 this also calculates the 90% gambling-loss deduction rule.
Reconciliation status
Illustrative example — not a real account.
If you've been turned down before
Firms decline high-volume gambling clients because the engagement is unpriceable: thousands of scattered transactions, no session-level log, and documentation thin enough that any scrutiny turns a fixed fee into an open-ended time sink. The fix isn't finding a firm that tolerates gamblers — it's showing up looking like an organized business client.
Already have a CPA? Send them the firm-side overview — practices running LedgerWager take these engagements on directly.
Starting TY2026
You can now only deduct 90% of your gambling losses — even if you broke even for the year. That gap is phantom income: taxable income that exists purely because of the new law, not because you actually won anything.
You won
$100,000
You lost
$100,000
You still owe tax on
$10,000
Break-even for the year. Illustrative example — not tax or legal advice.
Read the full breakdownWorkflow
Win/loss statements, W-2Gs, 1099s, IRS Wage & Income transcripts, bank statements, PayPal, Venmo, credit cards — from every sportsbook, casino, and payment method. PDF, image, or spreadsheet.
Each file is classified and every transaction extracted — the real gross figures, never guessed, with the source document linked to each one.
Re-imported files, double-entered transactions, and missing months are caught automatically — not discovered after you file.
Deposits, withdrawals, wins, and losses are grouped into sessions and cross-checked against every W-2G and 1099 for that book.
Taxable income, phantom income, and your net position — reconciled across every book, with no double-counting.
One click builds an audit-ready package: reconciliation report, workpaper, and every source document. A licensed preparer reviews before anything is filed.
See exactly how W-2Gs, casino reports, and your return tie together
Who this is for
Not for someone who bets $20 on Sunday football. For players whose activity spans enough books, states, and payment rails that reconstructing it by hand isn't realistic.
5–15 sportsbook accounts, hundreds of W-2Gs, bank/PayPal/Venmo records, and thousands of wagers across multiple states — reconciled into one ledger.
Tournament payout sheets, casino win/loss statements, and cash-transaction records, cross-checked against your own IRS transcript so nothing already on file catches you off guard.
LedgerWager is automated bookkeeping and document organization for gambling taxes — not a substitute for tax preparation. Your assigned CPA remains responsible for reviewing and filing the final return.