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Illinois Win $500 / $100 A week for Life

Topic closed. 8 replies. Last post 3 years ago by cooldude.

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Coin Toss's avatar - shape barbed.jpg
Zeta Reticuli Star System
United States
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January 17, 2006
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Posted: May 21, 2011, 8:18 pm - IP Logged

Illibnois has a $1 Win $500 A Week for Life and $2 Win $1,000 A Week for Life scratcher.

 

I'm just wondering how the taxes would work for anyone who won that.

Taken out every week?

Taken out at the end of the year when filing?

Anyone know?

Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

Lep

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

    James1's avatar - 5599078405 12a562a9e7_t.jpg
    Florida
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    January 14, 2011
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    Posted: May 21, 2011, 9:21 pm - IP Logged

    Im pretty sure they either pay annualy or monthly and the taxes are automatically deducted.

    2013 Wins: Nothing over $500 :(

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
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      Posted: May 22, 2011, 2:24 am - IP Logged

      Thanks.

      I just spotted the typo in the title, it should be $500 / $1000 a week.

      On the website there's a $2500 a week ticket, too, for $5 but we haven't seen those down here yet (I'm far south of Chicago).

      Also, the promo says, "The longer you live the more you'll get".  I'm thinking that's just hype as such things usually go into someone's estate, but knowing our present governor.......

      Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

      Lep

      There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

        dr65's avatar - black panther.jpg
        Pennsylvania
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        May 2, 2009
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        Posted: May 22, 2011, 10:50 am - IP Logged

        Thanks.

        I just spotted the typo in the title, it should be $500 / $1000 a week.

        On the website there's a $2500 a week ticket, too, for $5 but we haven't seen those down here yet (I'm far south of Chicago).

        Also, the promo says, "The longer you live the more you'll get".  I'm thinking that's just hype as such things usually go into someone's estate, but knowing our present governor.......

        wow..."The longer you live, the more you'll get" Eek

        Coin Toss, did you see anything in the game rules that states the payments cease when the winner does?

        Dead

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          mt zion illinois
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          Posted: May 22, 2011, 3:03 pm - IP Logged

          Illibnois has a $1 Win $500 A Week for Life and $2 Win $1,000 A Week for Life scratcher.

           

          I'm just wondering how the taxes would work for anyone who won that.

          Taken out every week?

          Taken out at the end of the year when filing?

          Anyone know?

          I don't what the tax deductions are them or how they do that... But I can tell you that all 3 of them tickets have a cash option on them that you can take rather than $ 500 a week, 1000 a week or 2500 a week for life. The only one I know for sure is on the $1,000 a week for life and that is $762,000 you can take.....

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            mt zion illinois
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            Posted: May 22, 2011, 3:07 pm - IP Logged

            I have seen the $2500 A week ticket and I am way south of chicago

              dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
              Oklahoma
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              November 12, 2009
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              Posted: May 22, 2011, 6:28 pm - IP Logged

              Illibnois has a $1 Win $500 A Week for Life and $2 Win $1,000 A Week for Life scratcher.

               

              I'm just wondering how the taxes would work for anyone who won that.

              Taken out every week?

              Taken out at the end of the year when filing?

              Anyone know?

              I wish Oklahoma had scratchers like this.......nice games IllinoisThumbs Up

                Coin Toss's avatar - shape barbed.jpg
                Zeta Reticuli Star System
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                Posted: May 23, 2011, 12:38 am - IP Logged

                I have seen the $2500 A week ticket and I am way south of chicago

                Hey there.

                I'm about 105 miles SE of St Louis, about 72 miles NW of Paducah, KY.

                Still haven't seen the $2500 a week ticket.

                Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                Lep

                There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                  Avatar
                  mt zion illinois
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                  Posted: May 23, 2011, 8:48 pm - IP Logged

                  Hey there.

                  I'm about 105 miles SE of St Louis, about 72 miles NW of Paducah, KY.

                  Still haven't seen the $2500 a week ticket.

                  Hey there I am about 120 miles North of St. Louis, and about 40 miles east of springfield.