They told us that Harrah's keeps track of each tournament payout for each player and will accumulate your overall winnings all throughout the year. He went on to explain if any one player's yearly tournament winnings exceeds a specific dollar amount then it will be reported. I asked what that dollar amount was and he didn't know.

At the company I used to work for, I helped them generate their 1099 forms at the end of each year. We had to accumulate all checks paid to individual or companies and generate a 1099 if the grand total exceeded $600 during the year. Not sure if those same rules apply here in this case or not. Sure sounded like that this is the approach that was being taken.

I always thought a player might get 1099'ed for one tournament event and NOT on the accumulation of your winnings for the year but that's the story I got last night...