https://www.lotterypost.com/thread/325785 Lottery Post Forum Topic: Would the prize structure for MM & PB be changed? en-us Lottery Post RSS Generator https://www.lotterypost.com/thread/325785/5855525 https://www.lotterypost.com/thread/325785/5855525 Sun, 03 Mar 2019 20:50:55 GMT oate Personally I do not play PB or MM because of the ridiculous odds and relatively puny prizes in California with our pari-mutuel payout system. But I don't think higher taxes on jackpots would much deter the typical player from playing, so I don't think the people who run PB and MM would have any incentive to change the prize structures. Even as the odds on these games have gotten worse and worse over the decades people still play. (BTW, California does not tax lottery prizes won in-state. Only fe... [ More ]

]]> oate https://www.lotterypost.com/thread/325785 https://www.lotterypost.com/thread/325785 Sun, 03 Mar 2019 20:09:57 GMT gatorsrok Putting aside the politics behind a 70% income tax rate on income in excess of $10M, would it make sense to even play the PB or MM given the astronomical odds against winning and your jackpot take home being drastically reduced because a 70% tax rate? You can always play your state lottery which is usually cheaper and has better odds at a less impressive top prize.

Alternatively, would the annuity option become more favorable or should PB and MM be changed to offer greater lower tier prizes l... [ More ]

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