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Biggest reason for Lottery Winners going broke soon? :/Reply
There seems to be a misconception about going broke . Don't know what the average number of tickets each player buys, but I doubt most people go broke buying tickets for one drawing. Single filer prize winners with a total income of up to $170,050 are in the 24% tax bracket so they shouldn't owe very much if anything because of the withholdings. If the total income is $539,901 or more, they could another 13% in taxes. There probably are people that spend the majority of their prizes only to
Jan 11, 2023, 12:48 pm - Stack47 - Lottery Discussion Forum

Poll: Classic Mega MillionsReply
We're getting fewer winners with smaller prizes... In August of 2017 a $350M jackpot would have have given the winner $216M before taxes $162M after taxes in California. That's $0.46 on the dollar take-home. On 11/27/2023 the PB jackpot is $352M.... with a cash option of $163M before taxes about $103M after taxes in California.. That's $0.29 on the dollar take-home. That's a difference of $53M on the pre-tax $59M on the post-tax payout... So where the hell is that e
Nov 26, 2023, 12:13 am - Rexer90 - Lottery Discussion Forum

Friends gift Alberta lottery winner reading glasses after he nearly misses $5M winReply
US Lottery should learn from Canada and Europe Lottery, NO TAXES .But unfortunately, it won't happen.It's BS.
Jun 3, 2024, 12:09 am - Petrust99 - Lottery News

Kentucky woman quits job after winning $90,000 in the lotteryReply
Not false advertising on any level. Everyone knows taxes are later withheld.
Apr 6, 2024, 1:59 pm - Artist77 - Lottery News

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
good bye unemployment, hello $1mil dollars, I am still working for this amnt ($1mil) after taxes $650K
Apr 5, 2024, 3:53 pm - En ReVal - Lottery News

Kentucky man out of debt for the first time in his life, thanks to $150,000 lottery winReply
Overdue property taxes????? He paid off his mortgage.
Mar 7, 2024, 6:17 am - Artist77 - Lottery News

Maryland: 2/1 - 2/29/2024Reply
If you win a Pick 4 double for a dollar box with the promotion you'll win $800 before taxes. After they take out the 24% Fed and 8.95% state taxes for a total of $263.60, you'll take home an extra $136.40 for a grand total of $536.40 Why wouldn't we just wait till the promotion is over, then play for a $2.00 box, win $800 and then keep it all. Makes sense right?
Feb 13, 2024, 8:33 pm - grwurston - Pick 4 Forum

Father buys winning $1 million lottery ticket while wife waits in hospital with newbornReply
Totally agreed. No taxes no the so called advertised amount that make people sicks...
Feb 1, 2024, 11:42 pm - Petrust99 - Lottery News

Florida Scratch Offs - Post Pictures if posibleReply
Does anyone know how to claim losses with scratchers after winning a big prize like 100k and having to pay taxes on it?
Dec 13, 2023, 6:23 pm - speeddmon - Instant ("Scratch-Off") Games Forum

Decrease of cash valueReply
It's just gonna keep going down, down, down until someday a $1.5 billion Powerball jackpot winner will only take home a lump sum of $25,000,000 after taxes.
Oct 22, 2023, 9:04 pm - jjtheprince14 - Lottery Discussion Forum