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Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winReply
Actually you are only half right and half wrong. Using a courier service in another state that doesn't tax the Lottery win other than the required Federal Tax in that state doe not require you to pay a State Lottery Tax in your home State. You can claim your winnings in a state that does not collect state taxes along with the Federal Taxes, but in the State you reside in you will only pay State Income Taxes based off of your Federal Income Tax Filing, and you may have to show cause for the Addit
Apr 29, 2024, 3:29 pm - Onelast8 - Lottery News

Virginia Lottery retailers escalate boycott, halt ALL lottery ticket sales until further noticeReply
I'm pretty sure that's how it's supposed to work, but some people have an advantage in life. Not everyone starts from ground zero. Ever heard of generational wealth being passed down or emigrating from a country and being handed funds to start businesses. No taxes Guess that never crossed your mind huh ?
May 11, 2024, 11:22 am - hlamb - Lottery News

if you won the lottery would you start your own cult?Reply
If you have a lot of money and want to avoid taxes there's a lot of merit to starting a cult. Of course you'll have to call it a religion when you talk to the IRS, but it's not anything they haven't seen before.
May 10, 2024, 4:18 pm - KY Floyd - Lottery Discussion Forum

Virginia woman wins $50,000 Pick 5 prize on first-ever lottery ticketReply
It is Bleu dog; my first rescue, that was his name. A Jack Russell/Blue heeler. He already had that name. I miss him terribly. After taxes she would get the whole thing, what ever that is.
May 10, 2024, 8:31 pm - Bleudog101 - Lottery News

NY Dream Team 2024Reply
NY is the only state that expects everyone to pay higher taxes while delivering zero in return. Worst streets in the country and despite all the money nyl rakes in... they can't get any random ny government employee to hit a button on their thoroughly test fraudulent ping pong ball machine when it's time.
Apr 21, 2024, 7:03 pm - Mattchu - Pick 3 Forum

Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winNews Story
New Jersey based group turned the odds to win in their favor By Kate Northrop Around this time one year ago, the Texas Lottery's Lotto Texas jackpot was bursting at the seams, boasting the game's third-largest prize ever at a mouthwatering $95 million. One New Jersey-based group gamed the odds to win the jackpot. Following a seven-month period without a winner, the Lotto Texas jackpot had ballooned to $95 million for the drawing on April 22, 2023, the game's largest in over 12 years.
Apr 28, 2024, 12:38 pm - Todd - Lottery News

Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winReply
the jackpot would actually be worth $57.8 million. ... there is a top federal income tax rate of 37%. That cuts the cash value amount to around $36.4 million. After spending almost $26 million on every possible number combination, that leaves the purchasing group with a $10 million profit If you spend $26 million in tickets the taxable income from winning $57.8 million is $31.8 million. If you pay 37% tax on every dollar of that you're profit is a hair over $20 million. If it was all taxed
Apr 30, 2024, 1:27 am - KY Floyd - Lottery News

$1.3 billion Mega Millions lottery winner's family sues him for not sharing jackpotReply
Artist makes some really good points above. Brock Lee also made an interesting point he split the prize with a gf who isn't his baby mama . Db101 added further clarification the most plausible explanation is that they went halvsies (with gf) on purchasing some tickets for that drawing. Lotteries split prizes among members of lottery pools all the time, whether it's a pool of 2 or 20 .. That gf's existence is irrelevant to the story here My take is unless plaintiffs can prove John Doe did not hav
May 16, 2024, 12:54 pm - konane - Lottery News

Virginia Lottery retailers escalate boycott, halt ALL lottery ticket sales until further noticeReply
Sure, there's some small number of people out there with generational wealth. Most small business owners are not like that. They start from nothing and create something of value over time. I know that because I did it myself. I have worked since I was 10. I have no college degree. I left the house at 18 and everything I built I did so on my own. And for the last 25 years I have worked every single day without a break. Almost 10,000 days without a day off. So the handed funds , no taxes , and
May 11, 2024, 1:00 pm - Todd - Lottery News

$1.3 billion Mega Millions lottery winner's family sues him for not sharing jackpotReply
Its my understanding that this sara person was under the condition to not reveal anything. NDA clause , etc. No where did it say John had to keep his trap shut. Clearly he told his gf and possibly his Dad. Unsure a statement is a contract when speaking with his father. Oral contracts are hard to prove in court. Just even a slight twist of wording in the conversation will or could determine if its a contract or just a joke. I've been known to jokingly say to folks, ohh sure (haha) if I w
May 16, 2024, 1:56 am - TheGameGrl - Lottery News