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Puerto Rico joins Powerball today

Topic closed. 37 replies. Last post 2 years ago by helpmewin.

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United States
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November 29, 2012
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Posted: October 1, 2014, 9:26 pm - IP Logged

PR is very attractive now for U.S. citizens to move to. You can avoid U.S. federal taxes

    RedStang's avatar - tallman zps6gf4inoc.jpg
    NY
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    January 21, 2012
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    Posted: October 1, 2014, 10:40 pm - IP Logged

    Yay, I made sure to get my ticket. I only played powerball when I was in DC and the jackpot was over 100 million but I wanted to play in the first game in PR.

    I wonder how people are going to react when they start seeing a bunch of jackpots in California.  People are still mad that the winner of the biggest jackpot in the local lottery hasn't claimed his prize and they think it was a conspiracy. 

    I think the reason they joined was because of the debt that we have and they are trying to get funds any way they can.

    PR is 70 billion in debt so I don't think PB will help much. Good luck on your first draw.

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      Puerto Rico
      Member #159615
      October 1, 2014
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      Posted: October 1, 2014, 10:49 pm - IP Logged

      Hey, welcome Powerball to Puerto Rico I hope the Mega Millions decides to join also.................:)

        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: October 2, 2014, 1:13 am - IP Logged

        And we all know the first time a jackpot is won in Puerto Rico someone here will post:

        How come it's always Puerto Rico!

        Bang Head

        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.

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          fajardo
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          February 15, 2014
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          Posted: October 2, 2014, 3:09 pm - IP Logged

          It won't help much, but is a new revenue stream. Last year Hacienda (our irs) did not reach their collection goal by about 28 millions , this lottery will help them reach it.

          They have played with the idea of joining the game for a decade.

          The good thing about the lottery in PR is that they don't do press conference or publish the name, so I wonder if the rules are going to change for Powerball.

            haymaker's avatar - Lottery-012.jpg
            Egg Harbor twp.south Jersey shore
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            Member #112968
            June 29, 2011
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            Posted: October 2, 2014, 4:05 pm - IP Logged

            And we all know the first time a jackpot is won in Puerto Rico someone here will post:

            How come it's always Puerto Rico!

            Bang Head

            Yo, Cointoss,

            Yea, they'll say " how come it's always the new guy ?

            "How can some tiny Island win ?

            "How can Wyoming win when hardly anyone lives there ?

             That's right folks people win the lottery, not places. Thud

            Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

              haymaker's avatar - Lottery-012.jpg
              Egg Harbor twp.south Jersey shore
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              Posted: October 2, 2014, 4:09 pm - IP Logged

              It won't help much, but is a new revenue stream. Last year Hacienda (our irs) did not reach their collection goal by about 28 millions , this lottery will help them reach it.

              They have played with the idea of joining the game for a decade.

              The good thing about the lottery in PR is that they don't do press conference or publish the name, so I wonder if the rules are going to change for Powerball.

              Other anonymous places don't publish, would PR make different rules for PB ?

              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                shadowlady's avatar - Trek UFPSYM1.gif

                United States
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                April 7, 2014
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                Posted: October 2, 2014, 4:10 pm - IP Logged

                Yay for Puerto Rico!

                 

                Well, maybe hubby's relatives who live in Puerto Rico will win something.   And maybe if they do, they will share.  Smile

                That may be as close as we come to winning.

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                  fajardo
                  United States
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                  February 15, 2014
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                  Posted: October 2, 2014, 8:29 pm - IP Logged

                  Other anonymous places don't publish, would PR make different rules for PB ?

                  Don't think so, but I truly don't know if Puerto Rico is anonymous .  I know that they don't do press conference and the winners are never mention , only one winner has been made public and that was because he request it.  So I don't know if is an official rule or is just courtesy.

                  In P.R only 40% of the prizes are claimed and that number is one of their best year.

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                    United States
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                    Posted: October 2, 2014, 9:11 pm - IP Logged

                    Don't think so, but I truly don't know if Puerto Rico is anonymous .  I know that they don't do press conference and the winners are never mention , only one winner has been made public and that was because he request it.  So I don't know if is an official rule or is just courtesy.

                    In P.R only 40% of the prizes are claimed and that number is one of their best year.

                    If PR allows anonymous claims, it must be easily the best place to win the lotto. All the other anonymous states require some state income tax. PR you only pay a 4% rate - no federal!

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                      Gain township
                      United States
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                      October 1, 2014
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                      Posted: October 2, 2014, 10:34 pm - IP Logged

                      If PR allows anonymous claims, it must be easily the best place to win the lotto. All the other anonymous states require some state income tax. PR you only pay a 4% rate - no federal!

                      Big Grin Sound just fine ,maybe i will try PR.

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                        United States
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                        Posted: October 2, 2014, 11:29 pm - IP Logged

                        Here's a poor translation of their Powerball FAQ:

                        ANONYMOUS IF I WIN THE LOTTERY?

                        The number 10 of May 24, 1989 Act, as amended provides that the identity of the winners of the Lotto is protected. This also applies to the Powerball game in Puerto Rico.

                         

                        It seems it's possible to remain anonymous.

                        I can't find any info on whether PR taxes lottery winnings at a different rate than income - I do know up to $10k prizes are tax free. Here's an article about the 1% moving to the island: http://www.businessweek.com/articles/2014-06-26/puerto-rico-tax-haven-for-americas-super-rich

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                          United States
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                          Posted: October 3, 2014, 12:13 am - IP Logged

                          Actually I just looked into it and it seems there is a personal income tax rate up to 33% (not sure if this applies to lottery) and the new laws that were passed were meant to entice U.S. citizens living elsewhere http://www.investinpuertorico.net/#!law_20/c1m

                          It would have to be really lucky to nail everything perfect: Never have lived in PR prior 15 years, moved and lived there for 183 days, win the lottery - pay 0% income tax.

                            RedStang's avatar - tallman zps6gf4inoc.jpg
                            NY
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                            January 21, 2012
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                            Posted: October 3, 2014, 2:17 am - IP Logged

                            Here's a poor translation of their Powerball FAQ:

                            ANONYMOUS IF I WIN THE LOTTERY?

                            The number 10 of May 24, 1989 Act, as amended provides that the identity of the winners of the Lotto is protected. This also applies to the Powerball game in Puerto Rico.

                             

                            It seems it's possible to remain anonymous.

                            I can't find any info on whether PR taxes lottery winnings at a different rate than income - I do know up to $10k prizes are tax free. Here's an article about the 1% moving to the island: http://www.businessweek.com/articles/2014-06-26/puerto-rico-tax-haven-for-americas-super-rich

                            If your last name is Rodríguez or Lopez, i don't think you have to worry anonymity in PR. There's thousands with the same name.

                              dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                              Oklahoma
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                              November 12, 2009
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                              Posted: October 3, 2014, 11:14 am - IP Logged

                              Welcome to madness Puerto Rico......

                              I Love Pink & Green 1908