Welcome Guest
Log In | Register )
The time is now 9:54 pm
You last visited May 18, 2013, 9:47 pm
All times shown are
Eastern Time (GMT-5:00)

Illinois Win $500 / $100 A week for Life

Topic closed. 8 replies. Last post 2 years ago by cooldude.

Page 1 of 1
PrintE-mailLink
Coin Toss's avatar - shape barbed.jpg
Zeta Reticuli Star System
United States
Member #30849
January 17, 2006
7982 Posts
Online
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?

If you ever win a jackpot are you going to remain anonymous (if possible) or wish that you did?

    James1's avatar - 5599078405 12a562a9e7_t.jpg
    Florida
    United States
    Member #104464
    January 14, 2011
    1971 Posts
    Offline
    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: $400 ($25M)

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
      United States
      Member #30849
      January 17, 2006
      7982 Posts
      Online
      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.......

      If you ever win a jackpot are you going to remain anonymous (if possible) or wish that you did?

        dr65's avatar - black panther.jpg
        Pennsylvania
        United States
        Member #74607
        May 2, 2009
        13866 Posts
        Offline
        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

          Avatar
          mt zion illinois
          United States
          Member #110574
          May 6, 2011
          288 Posts
          Offline
          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.....

            Avatar
            mt zion illinois
            United States
            Member #110574
            May 6, 2011
            288 Posts
            Offline
            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
              United States
              Member #82920
              November 12, 2009
              3439 Posts
              Online
              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
                United States
                Member #30849
                January 17, 2006
                7982 Posts
                Online
                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.

                If you ever win a jackpot are you going to remain anonymous (if possible) or wish that you did?

                  Avatar
                  mt zion illinois
                  United States
                  Member #110574
                  May 6, 2011
                  288 Posts
                  Offline
                  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.