Aug 20 • 6 min read
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Beginner's Guide to Popular Daily Fantasy Sports Terms
Daily Fantasy Sports (DFS) has taken the sports world by storm, offering fans an exciting way to blend strategy and sports knowledge with the potential to win big. But if you’re new to DFS, the jargon can feel overwhelming. What’s a GPP? How does stacking work? And what’s the difference between cash games and tournaments? We'll break down the most common DFS terms, so you can confidently draft your first lineup.
How Are Daily Fantasy Winnings Taxed? A Comprehensive Guide for DFS Players
Winning in daily fantasy sports (DFS) feels amazing. Whether it’s a high-stakes contest or just a friendly game with friends, walking away with extra cash makes drafting that perfect lineup all the more rewarding. But there's an important aspect of DFS that many players overlook until tax season rolls around — yes, we’re talking about taxes.
Regardless of whether you’re an experienced DFS player or new to the game, understanding how the IRS treats your daily fantasy winnings is crucial for staying compliant and managing your finances properly.