r/CaesarsRewards

I accidentally deposited more than I wanted to, my money has been with them for over a week now and I cannot get it back. Every other sports betting site is better than this one. No one has "holds" Kick rocks caesers and any person that uses them, just go somewhere else. They are literally ALL better

My goal is basically get the 1:1 ratio to cash out of the rewards points I have. I am a California residents and I am currently visiting Boston, where MA has sportsbook legalized. I am planning to bet on a 99% win rate team (at the end of the game) to just get my points get converted to cash.

1. Do I need to pay taxes on the cash that I converted from the points? (other than the profit part of the winnings)
2. are there any warnings on cashing out about ~$1k in one day by converting points to cash?