Inside look at the mysterious booklet every Australian lottery jackpot winner receives

Comment #7

kao1632 — Wed, 29 Apr 2020 08:37:22 GMT

In New Zealand, any winnings are tax free.

You pay the government its share (tax) when you buy the ticket (12 cents on every dollar spent for Lotto .).

Profits (It being a government run lottery) are distributed to various 'deserving organizations (22 cents on every dollar. 55cents on every dollar goes to the prize pool.

I believe this is the same for Australia, UK, and just about everywhere where they don't tax winnings...

NB: Australia has a Federal system... Not every state has... [ More ]

Comment #6

Stack47 — Tue, 28 Apr 2020 21:29:28 GMT

For the record the United States has no national lottery and why lottery winnings are taxed just like any other type of winnings. In countries like Australia having a national lottery, they keep the sales profits and probably why they don't tax winners. In the U.S. where individual states have a lottery and a state tax, they are actually double dipping.

Comment #5

noise-gate — Tue, 28 Apr 2020 15:58:23 GMT

Trust you Danny to always rub it in..

Comment #4

dannyct — Tue, 28 Apr 2020 14:42:39 GMT

All prize money is tax-free in Australia

Comment #3

noise-gate — Mon, 27 Apr 2020 20:46:09 GMT

Very informative to say the least for Australian lottery winners. But l confess, that book is no match for Michael Jackie's holy grail of lottery advice.

Attempting to claim a jackpot prize they didn't enter worth millions, and pulling it off... with a little help from their friends. Finding out the corner store cannot cash a jackpot worth millions telling us how it's done. Source : Waking Ned Devine.

Comment #2

PHIL85 — Mon, 27 Apr 2020 20:43:54 GMT

Interesting that Australia and the US both have a lottery game called 'Powerball'.

Comment #1

Stat$talker — Mon, 27 Apr 2020 18:50:08 GMT

Good info... a rare peek into an exclusive club..

Inside look at the mysterious booklet every Australian lottery jackpot winner receives

Lottery Post — Mon, 27 Apr 2020 17:54:27 GMT

Apart from mind-boggling good luck, there's one thing all division one lottery winners have in common one humble brochure that gets mailed to every winner in Australia.

It means the mysterious document has only been seen by a select few Australians who have been fortunate enough to score a life-changing jackpot prize.

But a copy obtained by an Australian news website reveals a treasure trove of advice including from previous winners themselves buried within the pages.

Congratulations... [ More ]