Does that mean you could win less than $600 at one casino and then move on to the next one? Do the casinos track regular gamblers and start giving them 1099’s once they clear $600 for the year? It seems like if you do it right, you could launder big bucks if you are careful about how you play.
No, it’s only if a single payout is over $600. Paddock, being a former IRS agent knew exactly how to launder his money and file pristine tax returns.