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Treasurer eyes tax-evading Lottery winnersReply
Like we don't pay enough taxes in this country!!Save your loosing tickets!!!State shouldn't tax you for winning in your own state. Should they!!Pretty soon there will be tax for buying a lottery ticket!!Who's making out on this deal???
Sep 11, 2003, 6:29 pm - winsumloosesum - Lottery News

How many winners over $100..ooReply
I was blessed to hit for $2900.00 back in '97 and then $400.00 each time after that whenever 1122 fell in Cash 4. I didn't sleep that night when I hit for $2900.00, what a beautiful feeling when I went to GLC and picked that check up and deposited in my bank. Remember to save those lottery tickets that you didn't hit on so when tax time come you file them with your taxes. I didn't have to pay on that $2900.00. Have fun and let's get that money!!!
Jun 19, 2003, 10:21 am - Tang - Pick 4 Forum

Help On My Ticket...Reply
there might be a small payout there but to confirm any payoff have the ticket scanned by the machine and always remember to buy your tickets in increments of .50 cents. It could save you in taxes.
Dec 14, 2002, 9:16 am - retxx - Pick 4 Forum

Loosing Lottery Tickets To Save Them Or Not?
Hi Everyone, I have a curiosity that i have searched high and low for and can't seem to find the answer. On loosing Lottery tickets if you save them and get a large win and have to go to the Disctrict office to claim that Big win if you take these Loosing Lottery tickets could you have them deducted from the amount of Taxes they would take out from your big win? And if so, would the Loosing tickets be good from year to year or does this matter?
Apr 17, 2011, 8:43 am - chinalinda143 - Instant ("Scratch-Off") Games Forum

Have you ever won a pick 4 straight before ?Reply
A good method is to play several 50 cent box bets to offest taxes you will pay at the end of the year on a 1099. Also, save ALL scatch off tickets and losing mega, numbers, lotto etc, tickets, they can be written off towards what you won with the 1099. You just can't write off more than you lost. If you get a 1099 for $10,000 but have $4543 in losing receipts, you only pay taxes on the balance ($5457). Hitting a pick 4 with the same numbers eg: 1000 2004 3333 is great. I've hit the
Jul 9, 2013, 7:52 pm - taxijohn - Lottery Systems Forum

i won last year... what will my tax return look like?Reply
i always threw away my losing tickets until i actually won... then i was told that since the $97k was my main source of income for the year of 2011-2012, i am technically a professional lottery player , and was told to save all my future losing tickets for next years taxes... i haven't counted them yet, but i would assume it's around $2k or so worth. i'd find it hard to believe i won't get anything at all back... when i get taxes with held from my actual job, i get a good chunk back in a year
Apr 16, 2012, 11:35 am - lolbster - Lottery Discussion Forum

Lottery bill could limit winner's takeReply
it's one of many ways to get off the system So how many people on welfare have gotten off of welfare by playing the lottery? And how much did people on welfare have to spend in order to do that? That's the important part, which you must not understand. Having a handfull of people on welfare save taxpayers a few million dollars doesn't actualy help the taxpayers if they spent more than twice as much of our tax dollars as they save us by no longer collecting welfare. Make no mistake, that's h
Oct 25, 2010, 2:49 pm - KY Floyd - Lottery News

Wierd QuestionReply
The losing tickets are actually quite handy to hang onto. When you do win a larger prize, you receive a W-2G form on it so you are required to report your winnings on the income taxes but if you have losing tickets totaling the value of that prize, you can claim back the taxes, unfortunately you can never claim back more than you've won so the tax rules only benefits the winners. There's actually a market on ebay for losing tickets because of collectors and because of winners desperate to save o
Dec 22, 2009, 12:10 pm - jwhou - Instant ("Scratch-Off") Games Forum

Taxes on Prize WinningsReply
Any prize less than about $600 (varies slightly by state) can be claimed at any lottery retailer. They do not hold back any taxes when you claim your prize for less than $600. Technically, you're supposed to claim such prizes on your taxes at the end of the year, but I doubt many people do that, because nobody really knows they won anything. If you do have some significant prizes to claim on your taxes at the end of the year, you can offset whatever amount you spent on tickets (winning or los
Feb 23, 2008, 4:56 pm - Todd - Instant ("Scratch-Off") Games Forum

Where do you keep your tickeks?Reply
pacattack05 I know people save tickets in case they win big, and deduct the losses from the taxes owed. I just can't imagine myself winning 20 million after taxes, one lump, and worring about a lousy 2 to 3 thousand in one year's accumulation of losing tickets. Pac... What if you don't win 20 million or so, but something just enough to be reportable? Wouldn't you want to write the losers off against that?
Jul 5, 2007, 7:16 pm - Coin Toss - Lottery Discussion Forum