yeah it's any profits over $600 for the year. so if you deposit 1K and win $1500 back total no taxes. THx for the rundown Prof.Based on Mel's numbers ...
33 entries = $396 pool
prize payouts = $344.92 (13% takeout apparently)
payout structure:
1st paid $172.46, (13-1)
2nd paid $86.23, (6-1)
3rd paid $51.74, (3-1)
4th paid $34.49, (2-1)
Also, according to Jack, any winnings of $600 on the year are taxable. Which is something you need to know.
I'm just supplying numbers, not my opinion on what any player should do. That is an individual thing.