How do they split the money in a poker tournament? | Yahoo ... This is the worst form of poker robbery... and I still see players signing up for bogus games like this because they get all excited seeing that big $25,000 advertisement. Truth is, someone had access to a big room with tables and chairs and thought of a great way to make money off poker players. Can we split reportable slot machine winnings? If winnings are to be split, as with a lottery pool, winners are reported on a Form 5754." Rose uses splitting lottery winnings as an example, but doesn't say it's the only time Form 5754 applies, so I think you should be able to split slot machine winnings, though I don't know of anyone who's has done it.
Split (poker) - Wikipedia
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Formula for determining Prize Money: To determine prize money based on the number of payouts, here is a good formula: 4 payouts: 6 payouts: 1) 35% of prize money 1) 30%
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