Do I Need to Pay Taxes on My Arena Winnings?

The IRS requires members with $600 or more in net winnings (not total payouts) during the calendar year (Jan 1 - Dec 31) to file a 1099-MISC form. This income is classified as 'Other Income.' Members who reach or exceed this threshold will receive a 1099-MISC form from Arena.

Do I Have to Pay Taxes on My Withdrawals?

If your net winnings exceed $600 for the calendar year, you will need to file tax paperwork. Arena is not responsible for the users tax reportings.

What If I Exceeded $600 in Net Winnings but Didn’t Withdraw Any Funds?

Even if you do not withdraw your winnings, you are still required to report them as income, and Arena will issue a 1099-MISC form for your net winnings.

How Do I Request a 1099-MISC Form?

You don’t need to request a 1099-MISC form. If your net winnings surpass $600 for the calendar year, Arena will automatically upload your 1099-MISC form to the Tax Information section of your account.

If additional information is needed (e.g., your address or Social Security Number), Arena will reach out before uploading the form.

When Will I Receive My 1099-MISC Form?

Most members will have their 1099-MISC form for the previous year uploaded in February.

Where Can I Access My 1099-MISC Form?

You can access your 1099-MISC form on the Arena website by navigating to the Tax Information option in your account's dropdown menu. A physical copy will also be mailed to the address associated with your account. Both the digital and physical versions are typically available by February.

What Should I Do If My Net Winnings Surpassed $600 but I Didn’t Receive a 1099-MISC Form?

If you haven’t received your 1099-MISC form by the end of February and believe you qualify, please contact Arena Live Support for assistance.

Does Arena Provide Tax Support or Advice?

No, Arena does not offer tax support or advice. While we provide helpful information, none of it should be considered official tax guidance. For any questions regarding how your winnings may impact your taxes, please consult a qualified tax advisor.