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One Michigan lottery ticket wins $842.4 million Powerball jackpotReply
The lottery in America is considered one of the most unfair lotteries. Firstly, there are high taxes, a 40% deduction from the prize for the 'Lamp Sum,' state taxes, and on the other hand, in many cases, lottery winners lack any contribution to the country's growth and development. If you look at the list of lottery winners, none of them are recognized as scientists, researchers, inventors, or entrepreneurs. Unfortunately, the lottery often favors those who shouldn't, and this is fundamentally u
Jan 4, 2024, 6:51 pm - Albert4433 - Lottery News

Poll: Classic Mega MillionsReply
We're getting fewer winners with smaller prizes... In August of 2017 a $350M jackpot would have have given the winner $216M before taxes $162M after taxes in California. That's $0.46 on the dollar take-home. On 11/27/2023 the PB jackpot is $352M.... with a cash option of $163M before taxes about $103M after taxes in California.. That's $0.29 on the dollar take-home. That's a difference of $53M on the pre-tax $59M on the post-tax payout... So where the hell is that e
Nov 26, 2023, 12:13 am - Rexer90 - Lottery Discussion Forum

Kentucky woman quits job after winning $90,000 in the lotteryReply
Not false advertising on any level. Everyone knows taxes are later withheld.
Apr 6, 2024, 1:59 pm - Artist77 - Lottery News

$1.23 BILLION: Powerball jackpot juggernaut keeps rollingReply
good bye unemployment, hello $1mil dollars, I am still working for this amnt ($1mil) after taxes $650K
Apr 5, 2024, 3:53 pm - En ReVal - Lottery News

Kentucky man out of debt for the first time in his life, thanks to $150,000 lottery winReply
Overdue property taxes????? He paid off his mortgage.
Mar 7, 2024, 6:17 am - Artist77 - Lottery News

Maryland: 2/1 - 2/29/2024Reply
If you win a Pick 4 double for a dollar box with the promotion you'll win $800 before taxes. After they take out the 24% Fed and 8.95% state taxes for a total of $263.60, you'll take home an extra $136.40 for a grand total of $536.40 Why wouldn't we just wait till the promotion is over, then play for a $2.00 box, win $800 and then keep it all. Makes sense right?
Feb 13, 2024, 8:33 pm - grwurston - Pick 4 Forum

Father buys winning $1 million lottery ticket while wife waits in hospital with newbornReply
Totally agreed. No taxes no the so called advertised amount that make people sicks...
Feb 1, 2024, 11:42 pm - Petrust99 - Lottery News

Florida Scratch Offs - Post Pictures if posibleReply
Does anyone know how to claim losses with scratchers after winning a big prize like 100k and having to pay taxes on it?
Dec 13, 2023, 6:23 pm - speeddmon - Instant ("Scratch-Off") Games Forum

Maryland: 2/1 - 2/29/2024Reply
I sent them a second email. Jim, Well, if we have to pay the 32.95% taxes (24% Fed, 8.95% state) which comes out to $263.60 on the $800 win per my example, that would leave me with only $536.40 in total take home winnings. I know you don't have any control or say over the taxes, but I'm going to be candid here. If that additional $400 in winnings is only going to amount to an actual $136.60 extra in my pocket, then in that case I hope I DON'T get one of the Double Box Payout promo
Feb 14, 2024, 7:02 pm - grwurston - Pick 4 Forum

Illinois man celebrates Valentine's Day with $1 million lottery win three days after breakupReply
So HE wins a MILLION but only gets $600,000 before TAXES, I don't consider that A MILLION, I call that a JOKE. $300,000 after taxes is a tidy sum but it is NOT A MILLION but the State Lottery and the News will say he won a million but he didn't so everyone will believe he won a million. I think it sucks to win a big prize like that and then you have to choose either be tied to the tax man for 20 years or accept half as a consolation prize instead. The State of Illusions
Feb 14, 2024, 6:35 pm - Onelast8 - Lottery News