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Interpretations of Wagers Made And PrizeRatio/ WinningsReply
I guess it depends on what you did with the 4k. If you spent 8k, and the 4k win was subject to taxes, then the profit would be lower than 4k. If the tax was say 1k, then your profit is 3k, and your net loss would be 5k. (8k - net profit of 3k) If you throw the 3k back in and come up dry, then your out of pocket expenses remain -8k, but the total loss is -11k, and only the IRS won the 1 k tax payout.
Feb 2, 2024, 4:30 pm - hypersoniq - Lottery Discussion Forum

Maryland brothers arrested for $3.5 million lottery scam that allegedly involved exploding briefcaseNews Story
Scammers go through greater lengths to deceive victims By Kate Northrop Two Maryland brothers have been indicted after running a three-year scheme that involved false promises of lottery winnings and a supposedly exploding metal briefcase. The United States Department of Justice announced on Wednesday that a federal grand jury charged brothers Dwayne and Wayne Henry, 32 and 34, respectively, for conspiracy to commit wire fraud in connection with a scheme that offers a false promise o
Jan 25, 2024, 5:58 pm - Todd - Lottery News

NY Dream Team 2024Reply
Anything over $600 YOU PAY TAXES RIGHT? CONGRATULATIONS MRSd......On your win!
Jan 23, 2024, 6:21 pm - Andrew1209 - Pick 3 Forum

Spain's El Gordo dishes out €2.6 billion in annual Christmas lotteryNews Story
Winning numbers announced during event that lasted four hours By Kate Northrop Millions of households have been tuning in to watch El Gordo (The Fat One), the world-famous lottery that doles out over two billion in prizes every year. This year, the lottery is distributing a whopping 2.6 billion (US$2.86 billion) in prizes to winners across the country. It's not uncommon to see people rushing out into the street and erupting in celebration as the event progresses, perhaps popping a bo
Dec 22, 2023, 12:20 pm - Todd - Lottery News

Court finds that skill games are legal in PennsylvaniaReply
The last paragraph about SUMS it...more money for the state coffers if that goes through. Not sure if this is the same thing, we had 'grey' slot machines in some small businesses and just recently outlawed for good, however there are still ads for some kind of slot machines in Louisville but very limited hours. The voters got their wish for sports betting here. I'm too dumb to understand it and don't want to bother folks playing on the machines. The state adds 9% for the machines and wh
Dec 8, 2023, 10:51 am - Bleudog101 - Lottery News

Powerball & Mega Millions: A HistoryReply
Yeah, the lottery industry needs to realize most players recycle the lower tier wins back in to the lottery most of the time anyway. In addition, if the lower tier win is big enough, it gets put in to the local economy; with taxes on those purchases... win-win for both the player and gubment. So, it would be the best interest of all, if the lottery industry would loosen their money bags a bit and crack off a little of that pot for those lower tier wins.
Oct 27, 2023, 12:27 pm - JADELottery - Jackpot Games Forum

California man asks clerk to choose a lottery game for him, ends up picking out a ticket worth $10MReply
My eyes were scanning the article looking for just that, lol. We just got the feel good story and how the universe conspired to get him a winner, but what is important is the giving back - I would have taken the 5M and told the cashier, here's 800K for you, but the taxes are on you as well. I hope the winner did not give the cashier $100.
Oct 20, 2023, 11:41 am - JustMaybe - Lottery News

$1.76 billion Powerball jackpot won by one ticket sold in CaliforniaReply
I never get drawn into the hype regardless of the amount on offer I always buy one PB with power play and one MM with the multiplier. I will try the after taxes amount and add an extra ticket for every 100M under the cash option and not annuity. Best of luck too in tonight MM if you have a ticket for that
Oct 13, 2023, 3:21 pm - JustMaybe - Lottery News

Putting your millions in the bankReply
Commercial Banks are THE worst place to put your money..Negotiate special interest rate terms with them...Limit the amont to no more that what the FDIC will refund you , per Account, should the Bank bellyup... US Treasury Bills are alot safer,.. especially when we talking $1.73 Billion...no State Taxes on'em.. But NEVER put all yo eggz in 1 basket..!!
Oct 10, 2023, 12:46 pm - Stat$talker - Lottery Discussion Forum

$1.55 BILLION: Powerball continues historic jackpot climbReply
2 numbers correct on 1 line( 47 60).... big sigh ...Onward and upward we go Cash Value take home after Fed Taxes : $428 Million ( and change) Good luck to all that are participating on Monday.
Oct 8, 2023, 8:24 am - CDanaT - Lottery News