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Half.Reply
using PB as an example...Announced jackpot for wednesday...$27,000,000 (estimated and based on a 30 year annuity)Cash (lump sum) value...$14,500,000 (estimated, based on current jackpot amount + projected sales)now, the fun begins...After federal taxes (35%)...$9,425,000now, depending on your state and local tax policies, you may have to pay state and local taxes alsofor my particular situation, PA allows lottery winnings of PA residents to be exempt of state AND local taxes, so If I win on wedn
Jul 18, 2004, 3:36 pm - hypersoniq - Jackpot Games Forum

Half.Reply
tg636: I stand by what I said. The government gets enough. I am for tax cuts for everyone, and no taxes on the lottery.I disagree with those who try to demonize the war in Iraq.
Jul 16, 2004, 5:29 pm - Todd - Jackpot Games Forum

Half.Reply
MP: Check out the BigGameLottery.com FAQ, which talks about why it is half . (It's not really half, it's the whole thing.)tony: I would rather 100% go to the prize pool, rather than social services. The government gets enough of my money. They should tighten the belt and learn to be more efficient rather than digging deeper into everyone's pocket.
Jul 16, 2004, 3:54 pm - Todd - Jackpot Games Forum

Half.Reply
Quote: Originally posted by tony2222 on July 16, 2004 Thats a good thing I dont mind some money going to the government to pay for social services.There is some and then there is half. If you look at how governments spend money, I'd rather give the money or help people who needs it. I mean anything is better than nothing.MP
Jul 16, 2004, 2:39 pm - MetroPlex - Jackpot Games Forum

MEGA MILLIONS climbs to $222 MillionReply
I, for one, am going to take it all if I ever happen to win. I am only 23 years old, so I will be taking it all, I can live 26 good years with the whole jackpot in my pocket! You get roughly $92 million dollars out of $222 million, I think its kind of crazy to give the government that much money. I know, that I can live off of 8 million a year. I hardly make that now and I am sure I wont make that in my life time now.
Feb 19, 2004, 6:13 pm - Kristin - Jackpot Games Forum

Jack Whittaker FoundationReply
If you are really down on your luck and need a hand out, there are faith-base and government agencies that will help you get on your feet. If I was in your condition, the first thing I would do is stop playing the lotteries.RJOh
Oct 31, 2003, 9:02 pm - RJOh - Jackpot Games Forum

Update: CALIFORNIA $69 million!Reply
The lottery here in california is has the fix on it, there is nothing lucky about winning here. It depends on when and where they want to give the money out. If you look at the statistics every year about this time they let the dollar amount get high like this because of the up coming school year. Since California lost most of its Government subsidization they run up the amount at this time to make up for it.
Aug 6, 2003, 5:51 am - benir4u - Jackpot Games Forum

'National' game?Reply
If they would make the winnings from a national lottery non-taxable, it would make a big difference. A tax-free top prize would appeal to many players and the government would get it back in increased ticket sales.Making the national lotto tax free would make it more appealing than Powerball and Mega Millions where players have to pay 60% off the top. This would only be available if the player chose the lump sum payment. Norway already does this. Why not the good old USA?Orangeman
Jul 14, 2003, 3:12 pm - orangeman - Jackpot Games Forum

$240 MILLION POWERBALL - WednesdayReply
OK, I'll try to boil it down for you:The US federal government will deduct 30% of the prize if you are not a US citizen.You will only get some or all of it back if your country of residence has a tax treaty with the US.
Jul 6, 2003, 6:16 pm - Todd - Jackpot Games Forum

$240 MILLION POWERBALL - WednesdayReply
Just to add to what Thomas said, depending on where you live, the US government may have a tax treaty with your country. If so, you may end up paying taxes to your home country, and get reimbursed the US tax.
Jul 6, 2003, 1:18 pm - Todd - Jackpot Games Forum