Winning a US Lottery in the UK

Reply #5

Todd — Fri, 15 Aug 2003 23:52:03 GMT

vincejr,If you're referring to my post, I am only talking about MegaMillionsOnline.com, which always buys lump-sum option. It has no bearing on the state.

Reply #4

vincejr — Fri, 15 Aug 2003 22:23:46 GMT

It depends on the state you are playing in as to whether the MM ticket is purchased with the lump sum cash option . In Virginia, a MM (or LS) jackpot winner has 60 days from the day they submit the winning jackpot ticket to the lottery to choose whether they want cash option or annuity. Of course, since the lottery won't disburse a check until the choice is made, virutally every winner will make the choice at time of claim. But, theoretically, they could submit the claim and take the 60 days to... [ More ]

Reply #3

Todd — Wed, 13 Aug 2003 13:35:52 GMT

That question has been

Reply #2

Astrix — Wed, 13 Aug 2003 11:44:47 GMT

I would like a lump sum not the annuity option.How does it work, do they ask you which option you want and then you choose before you get the check

Reply #1

CASH Only — Wed, 13 Aug 2003 11:23:41 GMT

Yes, you have to pay taxes on US lottery wins. Another caution-if you want a lump sum, make sure you don't get stuck with annuity payments.

Winning a US Lottery in the UK

Astrix — Wed, 13 Aug 2003 09:06:49 GMT

Can anyone tell me the laws governing tax on lottery wins online. I've been thinking about playing Mega Millions in the UK using MegaMillionsOnline.If I play MegaMillionsOnline and win, what tax would I pay? We don't pay any tax on gambling or lottery winnings in the UK, however, I know winnings in the US are subject to witholding and state taxes. I know we have a tax treaty with the US, but I'm not sure what it says about lottery wins. Could anyone enlighten me.Many thanks.Astrix.... [ More ]