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Largest lottery prize in Canadian history hits $70M mark

Topic closed. 25 replies. Last post 6 years ago by starchild_45.

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Todd's avatar - Cylon 2.gif
Chief Bottle Washer
New Jersey
United States
Member #1
May 31, 2000
23262 Posts
Online
Posted: June 9, 2010, 9:27 pm - IP Logged

I thought that Americans were ineligible to win foreign lotteries.  I thought I remember reading that somewhere.  Can anyone verify that?  Todd, do you know?

No, Americans are free to win whatever lottery games they wish.  The issues are:

  • The government's opinion is that it's illegal to do it over the Internet.
  • There are more Internet scams than legitimate official sites.  And the scams can be extremely convincing and professional-looking.  So, if you find a site that offers lotteries online, the chances are pretty good that it's a scam.
  • You can't hide your income from the government (if you want to live here).  These days I'm not even sure about money you win offshore and keep offshore (never bringing any of it into the USA).  They seem to want to tax that too.  (If you think this concept is really bad, then vote the people who increase taxes out of office.  Even people who claim only to "tax the rich".)
  • If you want to play a Canadian game (for example), traveling to Canada and buying a ticket in a store is the best way.  Anything else is risky.

 

Check the State Lottery Report Card
What grade did your lottery earn?

 

Sign the Petition for True Lottery Drawings
Help eliminate computerized drawings!

    starchild_45's avatar - spherewall2
    kent, washington
    United States
    Member #3509
    January 26, 2004
    465 Posts
    Offline
    Posted: June 10, 2010, 9:23 am - IP Logged

    No, Americans are free to win whatever lottery games they wish.  The issues are:

    • The government's opinion is that it's illegal to do it over the Internet.
    • There are more Internet scams than legitimate official sites.  And the scams can be extremely convincing and professional-looking.  So, if you find a site that offers lotteries online, the chances are pretty good that it's a scam.
    • You can't hide your income from the government (if you want to live here).  These days I'm not even sure about money you win offshore and keep offshore (never bringing any of it into the USA).  They seem to want to tax that too.  (If you think this concept is really bad, then vote the people who increase taxes out of office.  Even people who claim only to "tax the rich".)
    • If you want to play a Canadian game (for example), traveling to Canada and buying a ticket in a store is the best way.  Anything else is risky.

    i get my lotto tickets with option 4. i never say i go to canada for just a lotto ticket. i always claim going for dinner.

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
      United States
      Member #73904
      April 28, 2009
      14903 Posts
      Offline
      Posted: June 10, 2010, 10:18 am - IP Logged

      i get my lotto tickets with option 4. i never say i go to canada for just a lotto ticket. i always claim going for dinner.

      Honesty is the best policy starry. Nobody likes a liar.

      You shouldn't be lying to the Border Patrol. That's illegal.

      Always tell the truth. You'll like yourself better.

      And other people will too once you stop lying all the time.


                                                   
                           
                                               

       

       

       

       

                                                                                                         

      "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                  --Edmund Burke

       

       

        HaveABall's avatar - rocket

        United States
        Member #72448
        March 18, 2009
        1228 Posts
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        Posted: June 10, 2010, 3:47 pm - IP Logged

        ok this was funny the first time around and not the 2nd time.

        I disagree, rdgrnr's EXTRA clarification was helpful to my understanding! Lurking

        Having several millions of dollars in my financial accounts means receiving several valuable services each day!

        Disney

          HaveABall's avatar - rocket

          United States
          Member #72448
          March 18, 2009
          1228 Posts
          Offline
          Posted: June 10, 2010, 3:59 pm - IP Logged

          No, Americans are free to win whatever lottery games they wish.  The issues are:

          • The government's opinion is that it's illegal to do it over the Internet.
          • There are more Internet scams than legitimate official sites.  And the scams can be extremely convincing and professional-looking.  So, if you find a site that offers lotteries online, the chances are pretty good that it's a scam.
          • You can't hide your income from the government (if you want to live here).  These days I'm not even sure about money you win offshore and keep offshore (never bringing any of it into the USA).  They seem to want to tax that too.  (If you think this concept is really bad, then vote the people who increase taxes out of office.  Even people who claim only to "tax the rich".)
          • If you want to play a Canadian game (for example), traveling to Canada and buying a ticket in a store is the best way.  Anything else is risky.

          Also, if you are an U.S.A. Citizen and you win a lottery jackpot from another country, you will probably have to pay county, state, and federal taxes to U.S.A. AND the other country (however, many other countries have no lottery win annuities and taxes)!

          Having several millions of dollars in my financial accounts means receiving several valuable services each day!

          Disney

            Amazing Grace's avatar - lion
            rainbow lake
            Canada
            Member #25177
            November 2, 2005
            10764 Posts
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            Posted: June 12, 2010, 10:01 am - IP Logged

            No one won the 50 million, now its 50 million and 45 more draws of a million,!!!

            Secret to $uccess=Law of Attraction

              Todd's avatar - Cylon 2.gif
              Chief Bottle Washer
              New Jersey
              United States
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              May 31, 2000
              23262 Posts
              Online
              Posted: June 12, 2010, 10:53 am - IP Logged

              Also, if you are an U.S.A. Citizen and you win a lottery jackpot from another country, you will probably have to pay county, state, and federal taxes to U.S.A. AND the other country (however, many other countries have no lottery win annuities and taxes)!

              Most countries have reciprocal agreements with the USA, so that's probably not the case.  Canada has some of the closest financial ties of any country to the USA.

              I think you would basically end up paying a total of the highest amount of taxes charged by either country.  You would pay whatever you owe in Canada first, since that's the source of funds, and you'd pay the balance owed to the USA.

              So let's say Canada made you pay $1 million in taxes.  (I'm not sure if there's any taxes to pay in Canada, but just say $1 million for argument's sake.)

              When you bring the money into the USA, between Federal and State taxes -- just based on the prize amounts alone -- your total tax bill would be $3 million.

              Your total tax bill to both Canada and the USA would be $3 million -- the $1 million paid to Canada, plus $2 million to the USA (you get credit for the $1 million paid to Canada).

               

              Check the State Lottery Report Card
              What grade did your lottery earn?

               

              Sign the Petition for True Lottery Drawings
              Help eliminate computerized drawings!

                Avatar
                New Member

                Canada
                Member #92691
                June 12, 2010
                1 Posts
                Offline
                Posted: June 12, 2010, 2:29 pm - IP Logged

                Lottery prizes in Canada are completely tax-free within Canada; so if you are from the US or another country, you'd only be on the hook for the portion that your government would take.

                  tungsten chef's avatar - nw dwarf5.jpg
                  Winnipeg
                  Canada
                  Member #14974
                  May 7, 2005
                  3639 Posts
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                  Posted: June 12, 2010, 2:35 pm - IP Logged

                  No one won the 50 million, now its 50 million and 45 more draws of a million,!!!

                  spent 15$ won 20$.Jester

                  I'm an N.S.A.

                  A Numerical Statistics Analyst.

                    starchild_45's avatar - spherewall2
                    kent, washington
                    United States
                    Member #3509
                    January 26, 2004
                    465 Posts
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                    Posted: June 12, 2010, 10:37 pm - IP Logged

                    Hi starchild, I do go to Ontario quite often as I was born near Niagara Falls and have many relatives there.  Extra seems to be like Encore, but our Encore top prize is 1 million.  I use OLG.CA web site to get my Ontario Lottery information.

                     

                    Good Luck !!

                    thanks. i will go to the site and read up some more stuff on lotto max. i see no one hit again.

                      starchild_45's avatar - spherewall2
                      kent, washington
                      United States
                      Member #3509
                      January 26, 2004
                      465 Posts
                      Offline
                      Posted: June 12, 2010, 10:41 pm - IP Logged

                      No one won the 50 million, now its 50 million and 45 more draws of a million,!!!

                      can't wait until friday. i have six entries in this weeks drawing. i have 2 overlapping multi drawing tickets. i need to check the bc site to see if there are any bc winners.