Welcome Guest
Log In | Register )
You last visited December 8, 2016, 6:54 pm
All times shown are
Eastern Time (GMT-5:00)

Illinois lottery players crossing border to play in other states

Topic closed. 36 replies. Last post 1 year ago by Coin Toss.

Page 3 of 3
52
PrintE-mailLink
Avatar
Simpsonville
United States
Member #163189
January 22, 2015
677 Posts
Offline
Posted: October 19, 2015, 10:55 am - IP Logged

Smart move. What's the point of buying a ticket if winnings won't be paid?

As for taxes, you probably have to pay taxes to the state you live in regardless of where the income comes from. Depending on tax laws in IL and WI, you may end up owing in both states. In my state, Louisiana, if I have to pay income taxes to another state and I resided in Louisiana the entire year, I can take a non-refundable credit on my Louisiana state income taxes for what I paid to the other state. However, I'd still have to claim the income on my Louisiana state taxes and even with the credit, who knows what I could end up owing? Of course, the IRS gets their share no matter what state you win in from.

No way to avoid taxes.

Don't know about lotteries between neighboring states.  I know that the folks that drive from IN to KY (Louisville, mainly, and vice versa) pay reciprocating taxes to the state they work in.  This is according to folks that live in Indiana and work in the hospital I work in Louisville, KY.  Somehow it all comes out in the wash, there's no escaping it.


    United States
    Member #163335
    January 27, 2015
    10 Posts
    Offline
    Posted: October 19, 2015, 12:28 pm - IP Logged

    Just bought my Mega Millions tickets in Lake Geneva, WI this past Thursday for 8 draws -  I am good thru 11/10/15.  It's only a 45 min drive one way & if I win I will save on state taxes.  WI is  @ 5.000% vs IL is @6.125%.  On a Grand Prize winning of 100 million, I save over a million in state taxes.  It's a Win Win situation.

    P.S.  Wisconsin does not pass out I.O.U.'s............................................................

    Think Smart, Play Smart....................................................................................

    Illinois State Legislators need to WAKE up & WISE up.............................................................

    Just Think if all winners of prizes over $600.00 joined the class action Law suit against the STATE OF ILLINOIS.............................

    Think you have problems now ------- Just Wait..........................

    Sorry to burst your bubble guy, but you owe taxes based on where you reside, NOT on where you bought the ticket. You would have to return to the state where you bought the ticket to claim the prize, but your residency, and the state to which you would have to pay income taxes is determined by where you live - more than six months and one day out of a full year.

      Avatar
      smithfield
      United States
      Member #64447
      August 28, 2008
      52 Posts
      Offline
      Posted: October 19, 2015, 12:33 pm - IP Logged

      I would be pissed too!! It makes the state look bad.  Pay what you owe!!

        JADELottery's avatar - MeAtWork 03.PNG
        The Quantum Master
        West Concord, MN
        United States
        Member #21
        December 7, 2001
        3675 Posts
        Offline
        Posted: October 19, 2015, 2:05 pm - IP Logged

        Not paying on a Bet... isn't that called Welching.

        We think everyone should try this.

        Go in to a store and ask for a bunch of lottery tickets.

        Then when asked to pay, say, "Oh, sorry I'm having budget problems now. I can't pay."

        See what happens.

        Presented 'AS IS' and for Entertainment Purposes Only.
        Any gain or loss is your responsibility.
        Use at your own risk.

        Order is a Subset of Chaos
        Knowledge is Beyond Belief
        Wisdom is Not Censored
        Douglas Paul Smallish
        Jehocifer

          sully16's avatar - sharan
          Ringleader
          Michigan
          United States
          Member #81740
          October 28, 2009
          40518 Posts
          Online
          Posted: October 20, 2015, 9:54 am - IP Logged

          Not paying on a Bet... isn't that called Welching.

          We think everyone should try this.

          Go in to a store and ask for a bunch of lottery tickets.

          Then when asked to pay, say, "Oh, sorry I'm having budget problems now. I can't pay."

          See what happens.

          The same goes for taxes, sorry, we are a little short this tax season.

          Did you exchange a walk on part in the war ?

          For a lead role in a cage?

           

                                                      From Pink Floyd's " Wish you were here"

            Get paid's avatar - Lottery-062.jpg
            texas
            United States
            Member #152324
            February 11, 2014
            168 Posts
            Offline
            Posted: October 21, 2015, 5:55 pm - IP Logged

            Good Job,fellow lotto players.U don,t have to take this bullsh*t.

              Coin Toss's avatar - shape barbed.jpg
              Zeta Reticuli Star System
              United States
              Member #30470
              January 17, 2006
              10353 Posts
              Offline
              Posted: October 26, 2015, 5:09 pm - IP Logged

              Just for discussion, let's say someone from Illinois hits a jackpot in another state.

              That state is going to want taxes on the winnings, and Illinois would too (I think).

              So let's say that's the case and Illinois taxes the winner and the winner says, "No, I'll give you an IOU. Tell you what, I'll pay you when you pay all the winners holding IOUs".

              Justified? Would the winner be doing anything different than the state is doing?

              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.