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abjorik

New York
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Jul 19, 2014, 2:21 pm

I just wonder what do you think about Euromillions? I think it is more balanced than Powerball.

The odds of winning the jackpot is 1 in 116 million

the odds of winning the second prize is about 1 in 6 million

Overall Odds is 1 in 13
whiteballz

Nutley, New Jersey
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Jul 19, 2014, 3:29 pm

I wish Euromillions was available in the US. More choices are always good. What I like about the Euromillions is the advertised amount is the cash value not like the US where it's the annuity. Another advantage with the Euromillions is the winnings are tax free.

.
HoLeeKau

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Jul 19, 2014, 3:36 pm

Quote: Originally posted by whiteballz on Jul 19, 2014
I wish Euromillions was available in the US. More choices are always good. What I like about the Euromillions is the advertised amount is the cash value not like the US where it's the annuity. Another advantage with the Euromillions is the winnings are tax free.

If you win it while living in the US, I'm pretty sure you have to pay taxes on it. Someone correct me if I'm wrong.
RJOh

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mid-Ohio
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Jul 19, 2014, 5:01 pm

Quote: Originally posted by whiteballz on Jul 19, 2014
I wish Euromillions was available in the US. More choices are always good. What I like about the Euromillions is the advertised amount is the cash value not like the US where it's the annuity. Another advantage with the Euromillions is the winnings are tax free.

It's only tax free for Europeans. If you won it and lived in the US then you would have to pay taxes.

* you don't need to buy every combination, just the winning ones *
abjorik

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Jul 19, 2014, 5:56 pm

The parimutual prizes in Euromillions are very good. They don't keep excess of money to themselves, instead they give it out to public. I love it.
RJOh

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Jul 20, 2014, 7:08 pm

Quote: Originally posted by abjorik on Jul 19, 2014
The parimutual prizes in Euromillions are very good. They don't keep excess of money to themselves, instead they give it out to public. I love it.

The grass always looks greener on the other side of the fence. It only looks as green on this side of the fence if you win one of the top prizes.

* you don't need to buy every combination, just the winning ones *
LottoMetro

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Jul 20, 2014, 7:12 pm

There is actually an ongoing effort to try to bring Euromillions and OZ Lotto to the U.S. and Powerball and Mega Millions to Europe and Australia. But no luck so far. I think the current cross-border interstate laws makes it too complicated.

If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

P&L % = Total Win($)/Total Wager($) - 1
abjorik

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Jul 20, 2014, 7:42 pm

Quote: Originally posted by RJOh on Jul 20, 2014
The grass always looks greener on the other side of the fence. It only looks as green on this side of the fence if you win one of the top prizes.

Well, the other side of the fence offers more than a twice better overall odds than Powerball.

I do not wanna complain, but why US lotteries much worse than European ones?
rcbbuckeye

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Jul 21, 2014, 10:33 am

Quote: Originally posted by abjorik on Jul 20, 2014
Well, the other side of the fence offers more than a twice better overall odds than Powerball.

I do not wanna complain, but why US lotteries much worse than European ones?

I would probably throw a buck at the European games if I could.

Why are US lotteries much worse? It's probably perspective.

Remembering back to that old beer commercial, "why ask why".

CAN'T WIN IF YOU'RE NOT IN

A DOLLAR AND A DREAM (OR $2)
Todd

50

Chief Bottle Washer

New Jersey
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Jul 21, 2014, 10:37 am

Quote: Originally posted by RJOh on Jul 19, 2014
It's only tax free for Europeans. If you won it and lived in the US then you would have to pay taxes.

Of course if you won €100 million in cash, perhaps you would no longer live the US, and would not pay taxes. Or maybe there are some ways to minimize taxes depending how where and how you keep the money offshore. A good tax attorney would be a must in order to minimize taxes.

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RJOh

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Jul 21, 2014, 11:19 am

Quote: Originally posted by Todd on Jul 21, 2014
Of course if you won €100 million in cash, perhaps you would no longer live the US, and would not pay taxes. Or maybe there are some ways to minimize taxes depending how where and how you keep the money offshore. A good tax attorney would be a must in order to minimize taxes.

Problem is most lottery winners don't think about taxes until after they've won and by then it's too late to change what their situation was when they won. Even locally when winners live in cities that tax large lottery winnings, it too late to change their address and avoid that additional 1-2% tax burden.

* you don't need to buy every combination, just the winning ones *
abjorik

New York
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Jul 27, 2014, 11:42 am

I started to play Euromillions online via intermediary.
MADDOG10

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Beautiful Florida
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Jul 27, 2014, 11:49 am

I would definitely play it, if it were to ever come across the pond...

KARMA...Has no menu. You get served what you deserve
grandmadec

Ohio
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Jul 27, 2014, 2:36 pm

I would play it also. I would like to be able to play those, the El Gordo, and other states onine also. It would be great if someday it would be possible.
ThatScaryChick

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Jul 27, 2014, 3:11 pm

I would also probably buy a couple of tickets.

"X - youtube - steam - instagram"

ThatScaryChick

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