Welcome Guest
Log In | Register )
You last visited December 7, 2016, 7:22 am
All times shown are
Eastern Time (GMT-5:00)

Follow-Up: Couple’s lottery 5-week winning streak was simple luck

Topic closed. 27 replies. Last post 11 years ago by LOTTOMIKE.

Page 2 of 2
PrintE-mailLink
Maverick's avatar - yinyang
USA
United States
Member #8242
October 29, 2004
1133 Posts
Offline
Posted: July 26, 2005, 6:38 pm - IP Logged

i agree,its silly that if we win too much they do that.even if one person starts winning a lot it isn't like that one person is gonna make the lottery commission go broke,if anything the lottery ought to advertise it and that will make more players play.turn a positive into a positive.

I Agree!

To Lotteries: Stop recording our # combinations, and figure out another way to rollover the $$$.

    Avatar
    New Mexico
    United States
    Member #12305
    March 10, 2005
    2984 Posts
    Offline
    Posted: July 26, 2005, 7:12 pm - IP Logged

    Depends on whether it was really all a matter of luck, and whether they won more than they lost.  Or whether, if they lost, they didn't lose their shirt.

    Nice thing about the lottery is that it's something the family can do together that doesn't involve talking heads and rap music, or whips and handcuffs.  These folks must have spent all their time filling out slips.  If they have kids, they won't remember pop sitting around watching football and slugging down beer and chips.  They'll remember 'doing' things with mom and dad.

    J

    No Rip, you missed the point. You don't fill out slips to enter the 2nd Chance here. For each entry you have to send in five bucks worth of losing tickets. That is why the auditor calculated that this family was spending $2,500 a week on the lottery ! That's based upon the number of entries they were making.

    In that case, maybe they were, and maybe they weren't .

    There's a tax advantage in NM if you win any money, to having a lot of dead loss tickets.  I used to know a guy in Socorro who knew every convenience store clerk in town, related to most of them, and had them save every losing ticket someone gave them to check and to throw away, then pass them on to him.

    Mike was his name, and Mike could have easily shown to be spending that amount, or more on lottery tickets.

    I'd be amazed if something similar couldn't be arranged anywhere in the US if a person wanted to go to the trouble of doing it.

    J

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
      Member #9
      March 24, 2001
      19826 Posts
      Offline
      Posted: July 27, 2005, 1:00 pm - IP Logged

      This story make one think if any of those stories about people who have never won a jackpot but win enough to make a living playing the lotteries regularly were true, the lotteries would know about them.

       * you don't need to buy more tickets, just buy a winning ticket * 
         
                   Evil Looking       

        KyMystikal's avatar - 1457224010054
        Florence, Alabama
        United States
        Member #8658
        November 13, 2004
        1993 Posts
        Offline
        Posted: July 27, 2005, 1:09 pm - IP Logged

        Depends on whether it was really all a matter of luck, and whether they won more than they lost.  Or whether, if they lost, they didn't lose their shirt.

        Nice thing about the lottery is that it's something the family can do together that doesn't involve talking heads and rap music, or whips and handcuffs.  These folks must have spent all their time filling out slips.  If they have kids, they won't remember pop sitting around watching football and slugging down beer and chips.  They'll remember 'doing' things with mom and dad.

        J

        No Rip, you missed the point. You don't fill out slips to enter the 2nd Chance here. For each entry you have to send in five bucks worth of losing tickets. That is why the auditor calculated that this family was spending $2,500 a week on the lottery ! That's based upon the number of entries they were making.

        In that case, maybe they were, and maybe they weren't .

        There's a tax advantage in NM if you win any money, to having a lot of dead loss tickets.  I used to know a guy in Socorro who knew every convenience store clerk in town, related to most of them, and had them save every losing ticket someone gave them to check and to throw away, then pass them on to him.

        Mike was his name, and Mike could have easily shown to be spending that amount, or more on lottery tickets.

        I'd be amazed if something similar couldn't be arranged anywhere in the US if a person wanted to go to the trouble of doing it.

        J

        I used to do that. Collect losing tickets just in case I did hit a big one I could right off some of the winnings.

        I love doubles and remember, it's just a game!!!!!!

          LOTTOMIKE's avatar - cash money.jpg
          Tennessee
          United States
          Member #7853
          October 15, 2004
          11338 Posts
          Offline
          Posted: July 28, 2005, 4:21 am - IP Logged

          This story make one think if any of those stories about people who have never won a jackpot but win enough to make a living playing the lotteries regularly were true, the lotteries would know about them.

          i really wonder....

            Badger's avatar - adu50016 NorthAmericanBadger.jpg
            Wisconsin
            United States
            Member #1303
            March 27, 2003
            1508 Posts
            Offline
            Posted: July 28, 2005, 6:57 am - IP Logged

            Rep. David Cullen, D-Milwaukee <=== Guess some politicians just can not stand the thought of somebody being more of a crook then they are huh?

            No body is more of a crook than our politicians. We just had our 3rd alderman in four years indited for campaign fraud. Nosiree, we can take pride in the Milwaukee politicians being dirty, scheming connivers. That's why they run for election.

              Badger's avatar - adu50016 NorthAmericanBadger.jpg
              Wisconsin
              United States
              Member #1303
              March 27, 2003
              1508 Posts
              Offline
              Posted: July 28, 2005, 7:04 am - IP Logged

              Depends on whether it was really all a matter of luck, and whether they won more than they lost.  Or whether, if they lost, they didn't lose their shirt.

              Nice thing about the lottery is that it's something the family can do together that doesn't involve talking heads and rap music, or whips and handcuffs.  These folks must have spent all their time filling out slips.  If they have kids, they won't remember pop sitting around watching football and slugging down beer and chips.  They'll remember 'doing' things with mom and dad.

              J

              No Rip, you missed the point. You don't fill out slips to enter the 2nd Chance here. For each entry you have to send in five bucks worth of losing tickets. That is why the auditor calculated that this family was spending $2,500 a week on the lottery ! That's based upon the number of entries they were making.

              In that case, maybe they were, and maybe they weren't .

              There's a tax advantage in NM if you win any money, to having a lot of dead loss tickets.  I used to know a guy in Socorro who knew every convenience store clerk in town, related to most of them, and had them save every losing ticket someone gave them to check and to throw away, then pass them on to him.

              Mike was his name, and Mike could have easily shown to be spending that amount, or more on lottery tickets.

              I'd be amazed if something similar couldn't be arranged anywhere in the US if a person wanted to go to the trouble of doing it.

              J

              But iin Wisconsin, the state has a specific tax law against what you mention. You are not allowed to deduct your losses in gambling (even to the extent of your winnings) at all on your taxes. So this wouldn't help them. Whatever you lose on gambling in this state, you lose. No tax advantage whatsoever.  I think part of the reason they passed that law was because people were doing things like you mentioned "Mike" was doing.  Our politicians really, really hate for there to be any loopholes at all that could keep them out of our pockets.  That's why many of us refer to our fine state as "Taxconsin". It's also why we're the 3rd or 4th highest taxed state in the nation. Unhappy

                Avatar
                New Mexico
                United States
                Member #12305
                March 10, 2005
                2984 Posts
                Offline
                Posted: July 28, 2005, 9:16 am - IP Logged

                Depends on whether it was really all a matter of luck, and whether they won more than they lost.  Or whether, if they lost, they didn't lose their shirt.

                Nice thing about the lottery is that it's something the family can do together that doesn't involve talking heads and rap music, or whips and handcuffs.  These folks must have spent all their time filling out slips.  If they have kids, they won't remember pop sitting around watching football and slugging down beer and chips.  They'll remember 'doing' things with mom and dad.

                J

                No Rip, you missed the point. You don't fill out slips to enter the 2nd Chance here. For each entry you have to send in five bucks worth of losing tickets. That is why the auditor calculated that this family was spending $2,500 a week on the lottery ! That's based upon the number of entries they were making.

                In that case, maybe they were, and maybe they weren't .

                There's a tax advantage in NM if you win any money, to having a lot of dead loss tickets.  I used to know a guy in Socorro who knew every convenience store clerk in town, related to most of them, and had them save every losing ticket someone gave them to check and to throw away, then pass them on to him.

                Mike was his name, and Mike could have easily shown to be spending that amount, or more on lottery tickets.

                I'd be amazed if something similar couldn't be arranged anywhere in the US if a person wanted to go to the trouble of doing it.

                J

                But iin Wisconsin, the state has a specific tax law against what you mention. You are not allowed to deduct your losses in gambling (even to the extent of your winnings) at all on your taxes. So this wouldn't help them. Whatever you lose on gambling in this state, you lose. No tax advantage whatsoever.  I think part of the reason they passed that law was because people were doing things like you mentioned "Mike" was doing.  Our politicians really, really hate for there to be any loopholes at all that could keep them out of our pockets.  That's why many of us refer to our fine state as "Taxconsin". It's also why we're the 3rd or 4th highest taxed state in the nation. Unhappy

                Nice State, though.  At least it was the last time I tubed down the Apple River, maybe 35 years ago.

                But as to whether the these people spent $2500 bucks a week on lottery tickets, or merely gave the appearance of spending that much, I'd say you folks in WI must be pretty surprisingly law abiding if you're willing to assume nobody does it, simply because it's verboten in the Criminal Code of Wisconsin.  You're lucky to live in such a place.

                Here in NM we break all manner of laws (of which this is probably one, though I haven't checked) just getting through day-to-day life and never pause to notice.  If these people were in New Mexico they'd be in grave danger of having dug those tickets out of the trash, whether or not it was a criminal offense.  If they gave a free ticket for every five dead ones, but said we couldn't use the ones discarded by others we'd all be dumpster-diving and knifing one another over the proceeds down at the County Landfill.

                Nice, law abiding population up where you are.

                Jack


                  United States
                  Member #379
                  June 5, 2002
                  11296 Posts
                  Offline
                  Posted: July 28, 2005, 9:34 am - IP Logged

                  I'm not sure if you can deduct losers against NY state tax.

                    Avatar
                    New Mexico
                    United States
                    Member #12305
                    March 10, 2005
                    2984 Posts
                    Offline
                    Posted: July 28, 2005, 9:41 am - IP Logged

                    A surprising admission.

                    Jack

                      Badger's avatar - adu50016 NorthAmericanBadger.jpg
                      Wisconsin
                      United States
                      Member #1303
                      March 27, 2003
                      1508 Posts
                      Offline
                      Posted: July 28, 2005, 9:14 pm - IP Logged
                      Rip Snorter wrote:

                      Nice State, though.  At least it was the last time I tubed down the Apple River, maybe 35 years ago.

                      But as to whether the these people spent $2500 bucks a week on lottery tickets, or merely gave the appearance of spending that much, I'd say you folks in WI must be pretty surprisingly law abiding if you're willing to assume nobody does it, simply because it's verboten in the Criminal Code of Wisconsin.  You're lucky to live in such a place.

                      Here in NM we break all manner of laws (of which this is probably one, though I haven't checked) just getting through day-to-day life and never pause to notice.  If these people were in New Mexico they'd be in grave danger of having dug those tickets out of the trash, whether or not it was a criminal offense.  If they gave a free ticket for every five dead ones, but said we couldn't use the ones discarded by others we'd all be dumpster-diving and knifing one another over the proceeds down at the County Landfill.

                      Nice, law abiding population up where you are.

                       

                      It's got nothing to do with lawabiding. You can not declare any gambling losses on your state taxes here. You can have all the losing tickets you want. There is no place on the tax form for it because it is not allowed see? If you tried to write it in as some kind of deduction, you'd send up a red flag, be audited and it would be disallowed. Nobody can get away with it. If you win a million bucks and you have a million bucks in losing tickets, you can not "wash out" the win with a deduction for the losses. It is just not possible on the state taxes. Now years ago, it was allowed. Then they changed the tax law.


                        United States
                        Member #379
                        June 5, 2002
                        11296 Posts
                        Offline
                        Posted: July 29, 2005, 9:54 am - IP Logged

                        I save my losers, and now I keep a written record of my purchases.

                          LOTTOMIKE's avatar - cash money.jpg
                          Tennessee
                          United States
                          Member #7853
                          October 15, 2004
                          11338 Posts
                          Offline
                          Posted: July 30, 2005, 12:14 am - IP Logged

                          good way of thinking....