https://www.lotterypost.com/thread/256569 Lottery Post Forum Topic: taxes on jackpot winnings en-us Lottery Post RSS Generator https://www.lotterypost.com/thread/256569/2910098 https://www.lotterypost.com/thread/256569/2910098 Sun, 03 Feb 2013 01:55:30 GMT RedStang I wonder if you can claim losing tickets towards that Million before they make you pay taxes. They always say the winner is getting this much.

]]> RedStang https://www.lotterypost.com/thread/256569 https://www.lotterypost.com/thread/256569 Sat, 02 Feb 2013 18:29:43 GMT POMAH Win4 - 1:10,000 = $2600 (s/b 0.50/0.50)payout is 3.8 of odds;

Take5 - 1:575,757 = $50k payout is 11.5 of odds.

575757 / 10000 = 57.57

57.57 x $2600 = $150k. Which means Win4 pays x3 of Take5 for same odds.

However, if you hit 2nd place in Take5 and the prize is above $600, you pay taxes. Also, if you play all lines on single ticket, and the combined prizes go above $600 you pay taxes.

This happens during the buy $10 on single ticket get $3 QPs promo... which is why I dont like it.... [ More ]

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