Anonymous UK winner claims £122 million EuroMillions jackpot

Comment #24

Bleudog101 — Sat, 17 Apr 2021 01:18:00 GMT

They won't!! There is no incentive for them to do anything, they're happy as pigs in mud knowing folks will gamble no matter what. Am curious about one thing though. With the new lower starting jackpots on MM PB and incrementally slow increases blamed on Covid-19, I sometimes wonder if it affected their bottom line?? Doubt we'd ever know and it probably did initially but then smoothed over.

Comment #23

Stack47 — Sat, 17 Apr 2021 01:06:52 GMT

The MUSL can't even control how much each state deducts in taxes or how each state distributes prizes so don't see them going after the Feds.

Comment #22

Bleudog101 — Fri, 16 Apr 2021 23:54:47 GMT

Stack 47....much to my disdain no lottery lobbyists to contact. Guess it has never crossed NAPL et al mind to even consider it. I was going to call them in Ohio yesterday, but this is all a past issue for me. So on we (I) plod to win the big one....LOL

Comment #21

Bleudog101 — Fri, 16 Apr 2021 23:42:40 GMT

BTW still no luck in finding lottery lobbyists...maybe they don't exist?

Asked KLC X 2. Just not worth my time and effort and if the Treasury Dept approves of the Congresspeople's proposal, it'll help me out.

Comment #20

Bleudog101 — Fri, 16 Apr 2021 23:40:44 GMT

You know I knew that AGA is the lobbyist association for gaming, not lotteries. That is a no brainer.

Comment #19

Stack47 — Fri, 16 Apr 2021 23:22:51 GMT

If the AGA you're referring to is the American Gaming Association, it doesn't represent any state lottery. And the legislation Titus and Reschenthaler are introducing applies to legal sports betting. But NCAA, NFL, NBA, MLB, and other major sports organizations are against betting on their sports.

Apparently there still is confusion about the Federal Government not having a National lottery and the fact Congress passed a Bill making gambling winnings income how much winnings before a W-2G is... [ More ]

Comment #18

Bleudog101 — Fri, 16 Apr 2021 13:32:42 GMT

It is from Congresspeople LaHood and Titus. It is not as simple as you insinuate. You just don't ask someone to do something like that.

AGA stopped, through their lobbyists, the IRS from lowering the tax threshold from $1200 to $600. The IRS sometimes seems to have free reigns to do as they please.

I cannot locate lottery lobbyists for my latest mission.

Of course if a uniform flat tax rate were ever to become the law here, perhaps fairness would go across the board. It... [ More ]

Comment #17

Stack47 — Fri, 16 Apr 2021 01:38:10 GMT

Which two Congressmen can change the tax code by simply asking someone in the Treasury Department?

And isn't a Congressional bill required to change a tax law

Comment #16

Bleudog101 — Thu, 15 Apr 2021 09:15:55 GMT

Those two Congress folks are taking their case directly to the Treasury Dept. This way it doesn't have to go through the House the Senate and then the President. I'd be naive to think that the AGA lobbyists aren't going to pitch in. Remember AGA prevented the IRS from lowering the tax threshold to $600. Time will tell.

Comment #15

Stack47 — Wed, 14 Apr 2021 20:19:55 GMT

If lottery winnings were the only form of legal gambling winnings being taxed, maybe. But currently all legal forms are being taxed as income. I doubt it's possible to convince your Congressman and Senators to even raise the level for getting a W-2G.

By filing Schedule A or long form we can deduct gambling losses up to what we win, but with the standard deduction of $12,400, probably need to win at least $50,000 if you have dependants and are still working.

Comment #14

Bleudog101 — Wed, 14 Apr 2021 11:00:27 GMT

Seems like one gets nickel and dimed to death anymore.

Have looked up NAPL phone # and may call them to see if there are any lobbyists. Biggest problem is with all the chaos inside the Beltway our cause would most likely get shelved. Do you think it is even worth pursuing, Stack 47.

Comment #13

KY Floyd — Wed, 14 Apr 2021 02:32:39 GMT

I was the one held responsible to pay the taxes---not them.

Winners are always the ones who pay the taxes. In this case you were the one who had to send the money because the money towards taxes wasn't withheld. It's really no different than other taxable income - some money may be withheld, but eventually you find out what the total bill is and either you send more money or you get some back.

Why would they tax winnings over $601 like the KLC just told me?

All gambling winnings are... [ More ]

Comment #12

Stack47 — Wed, 14 Apr 2021 02:17:01 GMT

There are a couple states that don't take state tax from lottery winnings, but I'm not sure how that works because most state taxes are based from a IRS form 1040 line that includes the lottery winnings.

The over $600 clause has been in the IRS code for years and I believe before many of the state lotteries existed. The rule applies to horse and greyhound racing too.

FYI, Lahood two years ago lead an effort to stop France from targeting and taxing U.S. companies, but considering he voted a... [ More ]

Comment #11

Bleudog101 — Tue, 13 Apr 2021 15:13:02 GMT

There....facsimile just sent to Rep. LaHood, co-sponsor of bill for the Treasury Dept to increase the taxable limit on slot machine wins. Don't worry guys, will be working on the lottery lobbyists are next when I feel like it. This injustice needs to be fixed too.

Comment #10

Bleudog101 — Tue, 13 Apr 2021 13:49:55 GMT

Stack 47...you are 100% correct and I'm mad as h--l. Why would they tax winnings over $601 like the KLC just told me? That just isn't right. The reason I brought up tax rate for slot wins is that IMHO the tax rate should apply the same for all, slots, bingo, lotto. You'd think, NAPL I believe it is, would petition the Treasury Dept to get the IRS to change the lotto wins to $1200 (at least) and above as taxable. Lobbyists for the lotteries....where are you

Comment #9

Bleudog101 — Tue, 13 Apr 2021 11:05:26 GMT

It is my understanding that lottery taxes don't kick in until it is over $1199??? I had cashed a ticket for $5K @ a regional office and I was the one held responsible to pay the taxes---not them. Since it was a store they probably are not equipped for that.

At Derby City Gaming, with its VLT since it is 'illegal' to have slot machines in KY they skirt the law by having old horse races determine payouts and the tax structure is beyond me.

Today Congressman La Hoop will get a facsimile from... [ More ]

Comment #8

Stack47 — Tue, 13 Apr 2021 03:35:27 GMT

Hopefully one of these days a few lottery players that don't understand there is no National United States Lottery will figure why lottery winnings over $600 are taxed as certain gambling winnings Or better yet win enough to get a W-2G and have your tax guy explain it to you. What's the difference between earning $400,000 a year pay taxes and someone winning the same amount from a lottery?

Don't get me started on why PB and MM are not part of a national lottery .

Comment #7

noise-gate — Mon, 12 Apr 2021 21:55:29 GMT

The lottery going tax free in the US is never gonna happen. The US budget is $4.8 Trillion, as small as those lottery jackpots payouts are compared to..that money has to come from somewhere, which is why Uncle Sam leaves no stone unturned.

Comment #6

Unlucky-Kenny — Mon, 12 Apr 2021 18:00:13 GMT

The profit the state makes is not enough off of ticket sales - they need more back from the taxes too

But in the end though - if it means a win - I will be happy to pay.

Comment #5

Bleudog101 — Mon, 12 Apr 2021 17:05:35 GMT

Tried to send an email to Rep Titus of NV....it asked for zipcode and said I was out of her district.

So typed up a letter for a facsimile and sent it that way. Thanking her and Cong LaHood's (IL) proposal to increase the IRS tax threshold on slot/bingo wins to $5K from $1200. I mentioned wish it would apply to lotteries because as best I know other countries don't tax winnings.

Comment #4

Unlucky-Kenny — Mon, 12 Apr 2021 16:36:58 GMT

Would be nice - but like you said...not going to happen

They tried to pass anonymous in my state a while ago for big winners - never went anywhere.

Comment #3

Unlucky-Kenny — Mon, 12 Apr 2021 16:35:58 GMT

Can't even imagine!

Its like you lose 1/2 when you win here! haha

Comment #2

Bleudog101 — Mon, 12 Apr 2021 15:46:18 GMT

Life is good! Can stay anonymous and tax free....something the Feds here should consider---not going to happen--taxes I'm referring to.

Comment #1

dannyct — Mon, 12 Apr 2021 13:23:00 GMT

All UK National Lottery prize money is tax free

Anonymous UK winner claims £122 million EuroMillions jackpot

Lottery Post — Mon, 12 Apr 2021 13:10:00 GMT

An anonymous EuroMillions ticket holder has become the United Kingdom's fifth-biggest National Lottery winner after their 122 million (US$168 million) jackpot prize was paid out.

Lottery operator Camelot UK Lotteries Limited announced on Friday it had validated and paid out the prize of 122,550,350.80, the jackpot from the EuroMillions draw on April 2.

Unless the winner signs an agreement for full publicity, no further information can be released about their win.

Camelot's Andy Carter,... [ More ]