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Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
In Texas we have to choose when buying the ticket if using a playslip. At one time IRS rules required the selection to be made within 60 days, but IIRC failing to decide got you the cash so that it was all taxable th first year. Those rules have changed but apparently some states haven't caught up yet. Why are the taxes higher when taking the lump sum? Because not all of your annual income is taxed in the highest bracket. Just to make it really simple, the federal tax on the f
Sep 14, 2022, 1:58 am - KY Floyd - Lottery News

Major claim deadline approaching for Illinois lottery winner of $1.337 billion Mega Millions jackpotReply
Why are the taxes higher when taking the lump sum? Wouldn't the annual amount put a winner in the highest tax bracket every year?
Sep 12, 2022, 1:44 pm - JWBlue - Lottery News

North Carolina Lottery winner: "$4 million is not much these days"Reply
He has no clue on how to invest this windfall. Sounds very ungrateful to me; heck let me win $100K post taxes and that money will grow big time.
Aug 10, 2022, 5:28 pm - Bleudog101 - Lottery News

Mega Millions lottery jackpot highest in 18 monthsReply
Maybe Cash Option and after taxes that's what you get??? BTW an email from the KY lottery this morning. Congratulations! You won $150 on Lucky for Life!
Jul 17, 2022, 6:30 am - Bleudog101 - Lottery News

Mega Millions lottery jackpot highest in 18 monthsReply
If it's a sole winner..it's roughly 174mil after taxes. Certainly sustainable to live on. Good luck players!
Jul 16, 2022, 9:38 pm - TheGameGrl - Lottery News

Washington Lottery to begin accepting debit card paymentsReply
Are the vending machines connected to the internet? If the vending machine co. wants to get paid they have to get it from your creditor. Any good wire fraud, bank fraud, mail fraud, IRS, person can tear your finances to teeny tiny little pieces and yes, using the GD debit card will leave an electronic trail with the purchase code and the payee who has to file taxes . And you would be surprised and what companies track with your purchases, you should really do more research on this because whe
Jun 7, 2022, 10:38 am - sully16 - Lottery News

Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winNews Story
New Jersey based group turned the odds to win in their favor By Kate Northrop Around this time one year ago, the Texas Lottery's Lotto Texas jackpot was bursting at the seams, boasting the game's third-largest prize ever at a mouthwatering $95 million. One New Jersey-based group gamed the odds to win the jackpot. Following a seven-month period without a winner, the Lotto Texas jackpot had ballooned to $95 million for the drawing on April 22, 2023, the game's largest in over 12 years.
Apr 28, 2024, 12:38 pm - Todd - Lottery News

$1.33 billion Powerball jackpot won by one ticket sold in OregonNews Story
Lump-sum cash option worth $621 million Drawing was delayed by one state needing more time to process sales Updated with area that winning ticket was sold By Todd Northrop Around the United States, millions of people had to wait an extra three hours last night to find out if they won the unbelievably massive Powerball jackpot, due to one unnamed state's inability to deal with the huge amount of ticket sales data. When the drawing did finally occur Sunday morning, it turns o
Apr 7, 2024, 8:13 am - Todd - Lottery News

$1.09 BILLION: Powerball jackpot is 4th-largest in game historyNews Story
Powerball ticket-buying frenzy this week as game seeks to create billionaire By Todd Northrop This week lottery players across the United States will be pulling out all the stops to try and win Powerball, featuring one of the largest lottery jackpots in history, worth an estimated $1.09 billion. The Powerball jackpot has been building for 39 consecutive drawings since the last winner on January 1 , when one ticket from Michigan won a $842.4 million jackpot . The ticket was sold at th
Apr 2, 2024, 8:17 am - Todd - Lottery News

$975 MILLION: Massive Powerball jackpot increases againNews Story
Easter sales dip might be holding it back By Todd Northrop The near-billion-dollar Powerball jackpot grew again last night, but perhaps not as much as it would have if this weren't Easter weekend. The latest increase of the current lengthy Powerball jackpot run comes after nobody won last night's drawing, sending the Monday jackpot ever closer to heights that once seemed unattainable for a lottery game. Monday's Powerball jackpot is currently estimated at $975 million, with a lu
Mar 31, 2024, 9:07 am - Todd - Lottery News