Your net winnings are what Splash Sports reports on your 1099-MISC — not your total gross winnings. Understanding this is important because many users are surprised to find their 1099 amount is lower than their total payouts.
The Formula
Net Winnings = Total Contest Winnings − Entry Fees − Bonuses
For example: if you received $1,500 in contest payouts, paid $800 in entry fees throughout the year, and received $50 in bonuses — your net winnings are $650. Since this exceeds the $600 threshold, you'd receive a 1099-MISC.
What Each Component Means
Total Contest Winnings — the sum of all payouts credited to your account from contests during the calendar year
Entry Fees — the total amount you paid to enter contests during the same year
Bonuses — any promotional credits applied to your account (these reduce your net winnings for tax purposes)
Calculation Period & Timeline
Net winnings cover all transactions between January 1 and December 31 of the calendar year
Splash Sports performs a final recalculation in January to ensure all December transactions are fully settled
1099-MISC forms are filed by February 2 and mailed to the address on your account by February 20
Only users with net winnings of $600 or more receive a 1099-MISC. If you're below that threshold, you won't receive a form from Splash — though you may still have reporting obligations. Consult a tax professional to confirm.
How to Check Your Net Winnings in Your Account
Log in at app.splashsports.com on a computer
Click your profile icon → My Account → Tax Information
Review your current net earnings figure and confirm your W-9 details are up to date
For a full breakdown of individual transactions, go to My Account → Transaction History.
Questions about your tax form? See Splash Sports Tax Policies & 1099-MISC Form or email support@splashsports.com.
Splash Sports does not provide tax advice. Consult a qualified tax professional for guidance specific to your situation.