> Every time Random Strategies turned in a batch of winning tickets, the Lottery generated a W-2G for every
member of the group. Even small investors in the MIT group -– for example, someone who won $800 over the course of a year -– would get dozens of W-2Gs every year and have to spend hours accounting for their winnings on their tax returns. The hassle prompted some people to cash out and leave the investment pool
Why couldn't the group invest in tickets under its own name and distribute earnings to investors in a slightly less paperwork-heavy fashion?
