Pick 4 lottery player wins $500,000Previous TopicNext Topic

4/18/2006

As a "Marylander"...and resident of Montgmery County,  I say Congrats to Him!!!!!!!!

I know where he purchased his tickets, as I know his area like the items in my Medicine Cabinet. What better news than to read that 'my neighbor' just won big$$$$$$$$. I am inspired. I travel and walk all over the Bel Pre Neighborhoods, and shop in those Malls and Stores, and I am very happy for him. It's great to see a fellow county resident win. Even if he had to migrate to MD from NY to do it..............

I think it said he had 20 tickets. Here in WI, you can enter 5 possible plays on one ticket ($5.00 per ticket max). Therefore, he could have twenty tickets, with the same combo on them 100 times total. Cost, yeah; $100.00  But it comes out.

"Pissable"? That got through the word censor?

If it's similar to WI, a P4 straight for $1 gets you $5,000. And anything in the way of a prize that excedes $599 requires you to go to the Lottery Office to collect; no retailer will cash it.  Therefore, even one straight P4 ticket cannot escape having taxes deducted from it.

A win of exactly $5000 is NOT subject to federal withholding. A few states do withhold at $600.

Hey no fair ! You read it before I edited it ! THe darn "i" is right next to the "o" on the keyboard !

It's okay now.....but I'm surprised no one has asked "What method did this guy use to pick that combination?".

Well WI is one of those states. They withold 30% Fed and (I think 7% state) from anything over $599.00 according to their explanation.

I had asked what system he might have used. I am going to research that. Maybe he used tntea's VTRACs or based it on whatever came out the 2nd Sunday in Februrary in Kentucky. A bigger question is: does he usually spend $100/drawing? Or was he really sure about that number on that drawing? I'm assuming that was the only number he called in.

You will get there LottoMike...

I speak it upon you.. and it too shall come to past...

LOL .. wonder how many pissable $100 days he played....

That would be pi$$ing a lot of money away..

But his pay off is great....

HAPPY WEDNESDAY....4/19/2006

YOU ARE SAVVY...I wish I could analyze and compute mumerically as you do.  Then maybe I would play MM & Powerball among other gmes more often.  I love to watch others play, and get inspiration from them, but some of you are very serious players....

In my last job, I was a member of an office pool which was fun, because the SAVVY ONES like yourself handled everything, even the football pool.  I loved it.  All I had to do was shell out $5.00, and presto. done deal.  Sometimes we won some money, and believe me I get happy even wininng 20-25 dollars....really...I am one of those people, who prefers to let you 'Mathematicians' handle it all, and then I collect w/a big

......i'm going to try my hand at playing a couple numbers two or three times for a while.stay tuned.....

We've had this discussion before, but for you "newbies", I'll reiterate:

Winnings of $600-$5000 ARE NOT subject to withholding when you go to claim your prize, however, some states still do it. If you win $5000 on a single ticket, you should be asked whether or not you want taxes taken out, as you have that option. The same applies for anything over $600. They should ask you whether or not you want taxes taken out - they SHOULD NOT do it automatically. If you have 20 tickets at $5/piece winning $25,000 each, then since all plays on that ticket are combined into a "single play", the ENTIRE PRIZE on that ticket IS SUBJECT TO WITHHOLDING at a mandatory 25% level (in this case, ALL 20 TICKETS are subject to withholding). I'm not sure though if the states that impose taxes on winnings take out state taxes. I don't see why they wouldn't.

Hope this clears the air.

 Kris

When I claimed the Pick 5 the check that came FROM THE LOTTERY HQ was 28% or thereabouts less than the amount shown on FILE CLAIM. Even if there's not withholding you'd get stuck with it the next April because it's income; they still send a tax form. Anything with FILE CLAIM means the taxes come out automatically before you even get a check! Any STR wins on Pick-4 (even just one) usually fall into that category.

i won two 50 cent pick 4 straights in my state for 2,500 each.my tax advisor told me when i got my return that this was added to my total gross income and that due to me winning these it caused me to get a smaller return.instead of getting 6,000 back this year i got 4,000 back.all for winning the lottery in pick 4.was it worth it?,lol........