How NC lottery ticket swappers avoid taxes, scrutiny

Comment #10

Stack47 — Sun, 09 Oct 2016 01:48:48 GMT

From the IRS perception taxes are paid by whoever validated the tickets so collecting taxes isn't a problem. Us regular players have to swear on a stack of Bibles we don't owe back child support before we get paid and that's what their real priorities are. Granted there a lots of dead-beat-dads and probably some moms too, but should the lotteries be their collection agents

Comment #9

Coin Toss — Sat, 08 Oct 2016 04:32:02 GMT

Redd55,

Not just the tax man wanting a cut.

The government is always looking for any potential money laundering schemes.

Comment #8

Redd55 — Wed, 05 Oct 2016 13:44:27 GMT

Wow. You just cant control yourself and have to pollute every thread with your politics. Trump broke no laws therefore he did not steal anything. Enough with your lame class warfare.

Comment #7

lucky6025 — Wed, 05 Oct 2016 12:12:12 GMT

This always cracks me up. Government always looking how to catch the person trying to get away with not paying taxes on lottery tickets, yet people like Donald Trump have ways built right into the system to steal Hundreds of MILLIONS in tax payer money and brag about it on national tv.Always the working class that gets stiffed.

Comment #6

Redd55 — Sun, 02 Oct 2016 17:55:14 GMT

The problem with it is that the taxman wants his cut. People who owe back taxes, court order child support, or have court liens, are using this to avoid the lottery seizing their winnings which they must do by law.

Comment #5

TheGameGrl — Sun, 02 Oct 2016 17:34:36 GMT

A bit side tracked yet true to where our future gaming is heading.

In the near future they will start rolling out electronic play cards. This will effect those who are currently active in what is called the VIP clubs or wish to join the electronic age of play.

From this they will link the card to your account. So all payouts or costs will be shown, think of it like a credit card.

So this will deter and also monitor your play ...your activity and your account balance. The current delay... [ More ]

Comment #4

EZMONEE — Sat, 01 Oct 2016 21:32:28 GMT

NC isn't the only state that does this, if ur state have a lottery, tickets are being resold there too

Comment #3

LottoAce — Sat, 01 Oct 2016 17:27:02 GMT

I'm sure were not the only state with this problem.

I don't see the big deal about it.

Comment #2

play4shekels — Sat, 01 Oct 2016 14:13:52 GMT

No big deal- it's a way of life at the track.

Comment #1

dr65 — Sat, 01 Oct 2016 14:00:03 GMT

Good story.

How NC lottery ticket swappers avoid taxes, scrutiny

Lottery Post — Sat, 01 Oct 2016 13:36:41 GMT

Reselling winning lottery tickets known as ticket discounting can be profitable for both parties.

Buyers claim prizes and sellers go undetected by the government. Some sellers owe back taxes or child support, money automatically withheld from lottery winnings. Others may simply want to remain anonymous.

Here's a look at how the practice works:

In Florida, a man told investigators that he teamed up with several retailers who bought tickets from customers. He cashed the tickets, clearing... [ More ]