Payout Rules

Welcome to the Fantasy Poker Leagues payout section. Here, we outline how payouts are structured and distributed based on league and tournament performance.

1. Payout Structure

Payouts are made based on the final standings at the end of each league or tournament. The amount of payout varies depending on the number of participants and the total prize pool.

2. Distribution of Payouts

The prize pool will be distributed among the top teams according to their final positions in the league or tournament. The payout distribution follows the structure outlined below:

• 1st Place: 50% of the prize pool
• 2nd Place: 30% of the prize pool
• 3rd Place: 20% of the prize pool

3. Prize Pool and Entry Fees

The total prize pool is determined by the entry fees paid by participants. All entry fees are collected before the start of the tournament or league. The prize pool is then divided among the winners based on the payout structure mentioned above.

4. Payment Methods

Payouts will be made via the following methods:

• Bank transfer
• Cryptocurrency (Bitcoin, Ethereum, etc.)
• Other payment platforms (e.g., PayPal, Venmo)

Players must provide the necessary payment information to receive their payout. Payouts will be processed within 7 business days after the league or tournament concludes.

5. Taxation and Withholding

Payouts are subject to applicable taxes based on the jurisdiction of the winner. Winners are responsible for reporting and paying taxes on their winnings. A withholding tax may be deducted from the payout amount depending on local tax laws.

6. Disputes and Adjustments

If there is a dispute over the payout or if any adjustments are needed, please contact support at support@yourdomain.com. We will resolve any issues in accordance with our terms and conditions.