The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals ...

Be sure to check with your state revenue department to see if you should expect a form. Income received through apps like Venmo needs to be reported to the IRS, regardless of the amount.

When prompted to choose a deposit method, select “Venmo.” Some sportsbooks will automatically transfer the funds from your Venmo to your sportsbook account. Others will briefly direct you to ...