For some reason I thought the 300-1 factor came into play with taking it off the top. I had forgotten that it doesn't kick in until $5k. I did remember that it is reportable and taxable. I'm good now.
I do agree with the .50 plays. I do that whenever they are offered. My buddy loves superfectas (not my cup of tea) and plays the crap out of them, but always plays for $1. I keep trying to talk him into getting 10 .10 tickets but he won't do it. Thinks it's too much trouble. Once he hits a big one, maybe he'll change his tune.......
And a 1099 for $20 in Corningware? OMG.......
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