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$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
No state taxes either.....winner times 2x..lol
Aug 9, 2023, 1:00 am - mightwin1 - Lottery News

$1.05 BILLION: Mega Millions keeps rolling after no winner FridayReply
Over 300 million after taxes. Yes please.
Jul 29, 2023, 9:13 am - Infraredsight - Lottery News

Iowa woman buys winning $2 million Powerball lottery ticket right before sales cutoffReply
Almost exactly 1.3 million after federal taxes.
Jul 15, 2023, 12:29 pm - Murgatroyd - Lottery News

North Carolina woman wins $1 million lottery prize a week after buying houseReply
Those taxes are brutal.
May 10, 2023, 10:43 pm - pstfleur - Lottery News

German €10 million lottery winner buys pet alligatorReply
He will be broke owe $$$$ in taxes- a fool with money.
Mar 14, 2023, 12:29 pm - gellis65 - Lottery News

One ticket sold in Maine wins $1.35 billion Mega Millions jackpotReply
In most states that have state income tax, any income from that state is subject to state income tax regardless of state of residence. Unless the state exempts lottery winnings from state income taxes, there is no way to get out of paying income taxes to that state. In my state(Louisiana), if a full time resident of the state has to pay state income taxes to another state for some reason, those taxes can be deducted as a non-refundable credit from what Louisiana is requiring the individual t
Jan 15, 2023, 5:38 pm - PrisonerSix - Lottery News

New Jersey Lottery Pick 4 payout sets single-day state recordReply
And you paid taxes on those $700, cashing probably less that the $583 you mention .....
Dec 31, 2022, 2:31 am - positano - Lottery News

Record $1.9 billion Powerball drawing delayed until TuesdayReply
They might get 100 million after them California taxes hit them .
Nov 8, 2022, 1:34 pm - judah - Lottery News

Two Illinois lottery winners in a partnership claim $1.34 billion Mega Millions jackpotReply
I agree wholeheartedly that winners should be exempt from Federal taxes. What gets me, since I've been on both end of the spectrum is the disparity in taxation. When I win over $600 on the lottery, have to pay taxes end of the year. At the casino anything over $1199 then it gets taxed. Of course with the latter you can tell them 'No Federal taxes'. State is mandatory. I've always said take the taxes and be done with it. Not sure however if and when Federal taxes taken out are mandatory
Sep 22, 2022, 8:04 pm - Bleudog101 - Lottery News

$1.1 BILLION: Rush of Mega Millions lottery sales prompts officials to raise jackpot estimateReply
It is taxed because in America lottery wins are considered income. When you receive money here, it generally falls into three types of buckets: income, investment income, or gifts. They are all taxed to some degree, although with gifts you avoid taxes on the first $15,000 given to you in a year by someone. But this doesn't mean Americans are necessarily taxed more than people in other countries. For example, in other countries there are much higher income tax rates, VAT taxes, higher fuel ta
Jul 29, 2022, 6:18 am - Todd - Lottery News