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Message: [QUOTE="Husky25, post: 2718978, member: 2839"] It was a straight copy and paste from [URL='https://www.investopedia.com/ask/answers/taxes-on-vegas-gambling-winnings/']investopedia[/URL]. The general rule to be issued a 1099-misc. is any nongovernmental or incorporated vendor who performs $600 worth of services in the tax year. BTW, normally $600 is the minimum one can win on a single bet that pays off at 300x. The minimum bet at the races, as I recall, is $2.00. However, I agree that if someone wins over $600 over the span of multiple races with cash betting, those winnings are more than likely not being reported. [/QUOTE]