Please be aware of the following tax considerations when redeeming prizes:

  • Prizes valued at $600 USD or more in a calendar year are considered taxable income under U.S. law

  • We will issue a Form 1099-MISC for the total value of prizes redeemed in a calendar year if that value equals or exceeds $600

  • To receive prizes valued at $600 or more, you must provide your:

    • Full legal name

    • Valid mailing address

    • Social Security Number (SSN) or Tax Identification Number (TIN)

    • Completed W-9 form

  • You are solely responsible for reporting and paying all applicable taxes on prizes received

We recommend consulting with a tax professional regarding your specific situation and obligations.