Under the new regulations, the amount you wagered into a single pari-mutuel pool will be used when determining the amount reported or withheld for W-2G tax purposes, as opposed to only the amount wagered on a single winning combination.
This rule change is not retroactive and only impacts your winnings after September 28th. TVG is ready to implement this change immediately. In the short term you may notice withholdings at the former levels. We will adjust withholdings to the new requirements and refund any change to your account.
Frequently Asked Questions
Should you have any additional questions, give us a call at 1-888-752-9884