Bug bounties almost never pay market value for exploits. Only reason to participate in them is charity.
A laptop alone could get me $250, but no one wants to give me even $10 for telling them their door is unlocked.
In general what are some risks invovled (I am just not very familiar and wondering in general). Is it a tax issue, the chance IRS could come after you for undeclared income?
Maybe believing that it's good when fewer vulnerabilities exist and when attackers are less able to exploit things? Does that count as charity?