#33
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Re: A List of the Best Overall Hold \'em Tournaments in Las Vegas
[ QUOTE ]
If you play at a Harrahs property (Caesars, Rio, Harrahs, Ballys, Paris, Flamingo, etc), and win a tournament with winnings over $599, you will be subject to a 30% withholding. MGM Mirage properties as well as Venetian do not require the withholding. [/ QUOTE ] For clarification, they are withholding 30% of your prize and then giving you the remaining 70% of your winnings? Or, they are giving you the full amount of your winnings and also filing appropriate paperwork with the IRS? Might be me but I am finding this unclear. |
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