EuroMillions jackpot at record levels, capped at €190 million

Comment #22

Gleno — Fri, 31 Oct 2014 14:33:04 GMT

All very interesting but think it does not affect most of us here,unless we are in Europe to play.

Comment #21

RedStang — Mon, 27 Oct 2014 23:41:03 GMT

It's actually not a bad ideal. Second place would pay alot more then what we have now. It would be like a modifed Monopoly game.

Comment #20

dpoly1 — Mon, 27 Oct 2014 18:29:32 GMT

No Caps on Jackpots in the USA

Comment #19

TonyZinc — Sat, 25 Oct 2014 05:36:28 GMT

AS I said, Euro Millions Is the world biggest lottery,not Us lottery as people thought.

Comment #18

whiteballz — Sat, 25 Oct 2014 05:07:47 GMT

Portugal is one of the 3 European countries that tax lottery winnings.

Comment #17

Todd — Sat, 25 Oct 2014 01:28:59 GMT

Looks like the 190 million will all go to one ticket sold in Portugal. Wow

Comment #16

JoshUK — Fri, 24 Oct 2014 22:07:22 GMT

Looks like someone hit it

I guess it just wasn't my day!

Back into hibernation until the next 'big one' haha.

Comment #15

whiteballz — Fri, 24 Oct 2014 00:40:25 GMT

It's not like the lottery is the only place you can get an annuity. There are thousands of insurance companies that sell annuities. If you want fixed income, you can also buy 10 year or 30 year treasuries. If you won the jackpot, you can take the cash then use half the prize money to buy an annuity or treasuries.

Comment #14

maringoman — Fri, 24 Oct 2014 00:00:53 GMT

Actually that would be very nice. I never thought about it like that. Half of the lump sum soon after winning and then the rest to come every Christmas fo ever. I'd go for it

Comment #13

RJOh — Thu, 23 Oct 2014 21:01:04 GMT

I just wished winners could split the jackpot and take a portion in both cash and annuity, especially when it's over $200M.

Comment #12

RJOh — Thu, 23 Oct 2014 20:52:52 GMT

What's strange about that? I won $1500 last year in Ohio's Classic Lotto and I had to do the same thing and I'm retired and living in a town with less than 15K people. I couldn't even deduct the $3000 I spent on lottery tickets or anything else because my total lost didn't exceed the standard $4500 deduction that everyone gets even if they don't play the lottery.

Comment #11

hearsetrax — Thu, 23 Oct 2014 19:11:13 GMT

Comment #10

HaveABall — Thu, 23 Oct 2014 18:24:10 GMT

Ah, then these lottery players dwelling in Switzerland, Spain, and Portugal -- since 2013 -- are taxed heavily as we U.S.A.ers are! They, too, share our deflated 'walk-away-net-jackpot-winnings' pains and awe.

This said, my mind's still uber open to winning a, lump sum, several millions of dollars jackpot in the U.S.A. though!

Cheers

Comment #9

maringoman — Thu, 23 Oct 2014 17:49:11 GMT

It would be nice if the advertised jackpots were closer to the real payouts especially because 90% of the winners take the lump sum option.

Comment #8

Drenick1 — Thu, 23 Oct 2014 17:40:40 GMT

I agree! any EuroMillions jackpot is worth 3 times more than any of the advertised jackpots here in the U.S.A.

Comment #7

maringoman — Thu, 23 Oct 2014 17:37:59 GMT

Ah yes. This topic of taxing lottery wins is one that keeps coming back. Do you know that NYC lottery winners pay taxes on lottery winnings on 3 levels? City, state and federal taxes. True story too.

Good luck JoshUK

Comment #6

ThatScaryChick — Thu, 23 Oct 2014 16:09:21 GMT

Good luck.

Comment #5

PrinceRene — Thu, 23 Oct 2014 15:59:38 GMT

Good luck Josh. Hope you win big.

Comment #4

JoshUK — Thu, 23 Oct 2014 15:52:01 GMT

Got my 3 lines ready for Friday, wish me luck

Comment #3

PrinceRene — Thu, 23 Oct 2014 15:16:21 GMT

if the EuroMillions jackpot was won by one person, they would walk away with more money after taxes than Gloria Mackenzie who won $590.5 million annuity or $371 million cash from playing Powerball. $371 million is about $222.6 million after paying 39.6% in federal income tax.

Compare that to the EuroMillions jackpot that is $240.4 million cash and 100% tax free if you're a non US citizen.

If you were to play the EuroMillions and you won as a US citizen, you would have to pay federal income... [ More ]

Comment #2

maringoman — Thu, 23 Oct 2014 14:45:10 GMT

Would you look at that! And no taxes on that bread too. You would have to win 3 times that much over here to walk away with that. I need to find a way to play this game

Comment #1

music* — Thu, 23 Oct 2014 14:41:23 GMT

Please bring Europe's EuroMillions to America

EuroMillions jackpot at record levels, capped at €190 million

Lottery Post — Thu, 23 Oct 2014 13:46:43 GMT

By Todd Northrop

For players of Europe's EuroMillions multi-country lottery game, Friday's drawing is the start of a special capped drawing feature that could inflate the second prize level to extraordinary levels.

The 190 million (US$240.4 million) jackpot is the accumulation of 6 draws without a top prize winner since the October 3 super draw of 100 million.

Once the Euro Millions jackpot reaches the 190 million point, it becomes the first of up to two capped drawings. All of the mone... [ More ]