All times shown are Eastern Time (GMT-5:00) | Home -> Forums -> Lottery News -> Largest lottery prize in Canadian history hits $70M mark Largest lottery prize in Canadian history hits $70M markPrevious TopicNext TopicChief Bottle Washer New Jersey United States Member #1 May 31, 2000 19933 Posts Online | | Posted: June 9, 2010, 9:27 pm - IP Logged | |
I thought that Americans were ineligible to win foreign lotteries. I thought I remember reading that somewhere. Can anyone verify that? Todd, do you know? No, Americans are free to win whatever lottery games they wish. The issues are: - The government's opinion is that it's illegal to do it over the Internet.
- There are more Internet scams than legitimate official sites. And the scams can be extremely convincing and professional-looking. So, if you find a site that offers lotteries online, the chances are pretty good that it's a scam.
- You can't hide your income from the government (if you want to live here). These days I'm not even sure about money you win offshore and keep offshore (never bringing any of it into the USA). They seem to want to tax that too. (If you think this concept is really bad, then vote the people who increase taxes out of office. Even people who claim only to "tax the rich".)
- If you want to play a Canadian game (for example), traveling to Canada and buying a ticket in a store is the best way. Anything else is risky.
| | |
kent, washington United States Member #3576 January 26, 2004 462 Posts Offline | | Posted: June 10, 2010, 9:23 am - IP Logged | |
No, Americans are free to win whatever lottery games they wish. The issues are: - The government's opinion is that it's illegal to do it over the Internet.
- There are more Internet scams than legitimate official sites. And the scams can be extremely convincing and professional-looking. So, if you find a site that offers lotteries online, the chances are pretty good that it's a scam.
- You can't hide your income from the government (if you want to live here). These days I'm not even sure about money you win offshore and keep offshore (never bringing any of it into the USA). They seem to want to tax that too. (If you think this concept is really bad, then vote the people who increase taxes out of office. Even people who claim only to "tax the rich".)
- If you want to play a Canadian game (for example), traveling to Canada and buying a ticket in a store is the best way. Anything else is risky.
i get my lotto tickets with option 4. i never say i go to canada for just a lotto ticket. i always claim going for dinner. | | |
Ridge Runner - Oracle of the Appalachians Way back up in them hills, son United States Member #74415 April 28, 2009 9579 Posts Offline | | Posted: June 10, 2010, 10:18 am - IP Logged | |
i get my lotto tickets with option 4. i never say i go to canada for just a lotto ticket. i always claim going for dinner. Honesty is the best policy starry. Nobody likes a liar. You shouldn't be lying to the Border Patrol. That's illegal. Always tell the truth. You'll like yourself better. And other people will too once you stop lying all the time. . I will not comply. I will never submit. | | |
United States Member #72957 March 18, 2009 562 Posts Offline | | Posted: June 10, 2010, 3:47 pm - IP Logged | |
ok this was funny the first time around and not the 2nd time. I disagree, rdgrnr's EXTRA clarification was helpful to my understanding!  Having millions of dollars in my financial accounts means more, consistent fun for me.
| | |
United States Member #72957 March 18, 2009 562 Posts Offline | | Posted: June 10, 2010, 3:59 pm - IP Logged | |
No, Americans are free to win whatever lottery games they wish. The issues are: - The government's opinion is that it's illegal to do it over the Internet.
- There are more Internet scams than legitimate official sites. And the scams can be extremely convincing and professional-looking. So, if you find a site that offers lotteries online, the chances are pretty good that it's a scam.
- You can't hide your income from the government (if you want to live here). These days I'm not even sure about money you win offshore and keep offshore (never bringing any of it into the USA). They seem to want to tax that too. (If you think this concept is really bad, then vote the people who increase taxes out of office. Even people who claim only to "tax the rich".)
- If you want to play a Canadian game (for example), traveling to Canada and buying a ticket in a store is the best way. Anything else is risky.
Also, if you are an U.S.A. Citizen and you win a lottery jackpot from another country, you will probably have to pay county, state, and federal taxes to U.S.A. AND the other country (however, many other countries have no lottery win annuities and taxes)! Having millions of dollars in my financial accounts means more, consistent fun for me.
| | |
rainbow lake Canada Member #25525 November 2, 2005 10157 Posts Offline | | Posted: June 12, 2010, 10:01 am - IP Logged | |
No one won the 50 million, now its 50 million and 45 more draws of a million,!!! Secret to $uccess=Law of Attraction | | |
Chief Bottle Washer New Jersey United States Member #1 May 31, 2000 19933 Posts Online | | Posted: June 12, 2010, 10:53 am - IP Logged | |
Also, if you are an U.S.A. Citizen and you win a lottery jackpot from another country, you will probably have to pay county, state, and federal taxes to U.S.A. AND the other country (however, many other countries have no lottery win annuities and taxes)! Most countries have reciprocal agreements with the USA, so that's probably not the case. Canada has some of the closest financial ties of any country to the USA. I think you would basically end up paying a total of the highest amount of taxes charged by either country. You would pay whatever you owe in Canada first, since that's the source of funds, and you'd pay the balance owed to the USA. So let's say Canada made you pay $1 million in taxes. (I'm not sure if there's any taxes to pay in Canada, but just say $1 million for argument's sake.) When you bring the money into the USA, between Federal and State taxes -- just based on the prize amounts alone -- your total tax bill would be $3 million. Your total tax bill to both Canada and the USA would be $3 million -- the $1 million paid to Canada, plus $2 million to the USA (you get credit for the $1 million paid to Canada). | | |
New Member
Canada Member #92719 June 12, 2010 1 Posts Offline | | Posted: June 12, 2010, 2:29 pm - IP Logged | |
Lottery prizes in Canada are completely tax-free within Canada; so if you are from the US or another country, you'd only be on the hook for the portion that your government would take. | | |
Winnipeg Canada Member #15244 May 7, 2005 2561 Posts Offline | | Posted: June 12, 2010, 2:35 pm - IP Logged | |
No one won the 50 million, now its 50 million and 45 more draws of a million,!!! spent 15$ won 20$. I'm an N.S.A. A Numerical Statistics Analyst. | | |
kent, washington United States Member #3576 January 26, 2004 462 Posts Offline | | Posted: June 12, 2010, 10:37 pm - IP Logged | |
Hi starchild, I do go to Ontario quite often as I was born near Niagara Falls and have many relatives there. Extra seems to be like Encore, but our Encore top prize is 1 million. I use OLG.CA web site to get my Ontario Lottery information. Good Luck !! thanks. i will go to the site and read up some more stuff on lotto max. i see no one hit again. | | |
kent, washington United States Member #3576 January 26, 2004 462 Posts Offline | | Posted: June 12, 2010, 10:41 pm - IP Logged | |
No one won the 50 million, now its 50 million and 45 more draws of a million,!!! can't wait until friday. i have six entries in this weeks drawing. i have 2 overlapping multi drawing tickets. i need to check the bc site to see if there are any bc winners. | | |
|