Ok the good news is that we only have to report gambling winnings to the IRS which are over $600, and only if those winnings are 300 times the initial wager.

The bad news is we have to report wagers over $600 that are 300 times the initial wager!

In addition, if you winnings (minus the wager) exceed $5000 or more, and are 300 times the initial wager, we have to withhold 24% of those winnings and redeem them to the IRS.

But really, if you win 300 times your wager and it exceeds $600, it's not really a bad day now is it?

We'll provide you an end of year report, with a breakdown of all your winnings, so that you can brag to your friends, and make your accountant happy.