i did not write this a great poster at rx did several years ICAUITUA ago but its worth really understanding...
It's 300-1, and over $600.00 for W2G, and over $5000 for withholding, but all tickets of same bet type are supposed to be combined.
It's easy to determine, just follow these steps:
1.) Is the wager over 300-1? If yes go to step 2, if no not reported
2.) Is the combined payout for all bets of that type over $600? If yes go to step 3, If no, not reported
3.) Is the combined payout for all bets of that type over $600, but less than $4,999.99? If yes, than W2G, IF no step 4
4.) Is the combined payouts for all bets of that type over $5000.00? If yes than W2G and withholding of federal taxes and state taxes if your state has them
That is the disadvantage of using an ADW site like twispires, xpressbet, betamerica, etc etc, NYRA instead of having actual physical tickets... Ex: Pick 3 pays $344 for $1, and you have two physical tickets, you can cash them at SAM machine and walk away with voucher for $688 and no tax repercussions. If you bet on NYRA account, the computer system will aggregate your winnings for that bet and because it's over $600 AND 300-1 the computer will generate a W2G. Computer betting accounts make it harder to beat the system..