Are taxes also applied to the $1k prize?

If so, how much would one receive from it when it's all said and done.

No.... When I won the NCAA Basketball contest in 06'. Received the first place check of $600 - no taxes were taken out. GLTA - KofV

as far as I know in the US you can win $1099 with no taxes, once you hit $1100 it is taxed at there end and they give you the amount less the taxes taken off

We are not the gov, we don't take off the taxes. If you win, we cut you a cheque or check (for the Americans) for the $ you won. You win $1,000, you get $1,000. It's up to you to report the winnings. You guys may remember Richard Hatch, won the Survivor show and didn't claim it. LOL ||an_laugh.gif' border=0> Rizz

He got the shaft, click above. Dont mess with the IRS.

Mondesi, your right, but I think it's $1,199, pay taxes at $1,200 or you could be right. I cannot remember. Hatch wins a million and is in jail for almost 4 years. WOW, a big lesson to learn!!!!!

Cabby a DJ in New YORK entered a pay-per-view fight set up by Howard Stern Show and won 100000 dollars.He then went on the air for the next year and boasted how he wasn't paying any tax.IRS came knocking and made a big show of putting his ass in jail.Mario Puzio says "best to make your money in the dark"

does that mean that canadians are not eligible to win?

of course we are ...please read the rules folks

not only do we win, when we do and exchange to canadian we wil get about $115,000....lol