Want tons of money in the Pick 6 here in California

[Andyc]

In order to deduct their expenses on the contest, they need to 1099 everyone who wins a prize. The threshold for an individual is $499 a year. Since they are handing out multiple prizes, they probably 1099 everyone. Believe me, they are writing off every penny they spend on these contests.

The 1099 threshold is $600.

[Igeteven]

Andy, I know how you feel, I have had accounts 1099 me for 65 dollars.


They just do it, it saves trouble with the IRS

[Trackmomma]

In order to deduct their expenses on the contest, they need to 1099 everyone who wins a prize. The threshold for an individual is $499 a year. Since they are handing out multiple prizes, they probably 1099 everyone. Believe me, they are writing off every penny they spend on these contests.

The 1099 threshold is $600.

If you say so

[Andyc]

The 1099 threshold is $600.

If you say so

It's the IRS regulations saying so.