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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

Florida: 1/1 - 1/31/2023Reply
6666 5 $1 Straight $25k don't pay taxes till next year.Congratulations all winners.
Jan 7, 2023, 2:44 pm - Pick1111 - Pick 4 Forum

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

Whoever does win the $1.9 Billion better be packing!Reply
FYI, the California winner is taking home $628.5 million in cash after taxes.
Nov 12, 2022, 11:47 am - Todd - Lottery Discussion Forum

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

Florida: 8/1 - 8/31/2022Reply
That is not true like you said play 4 tickets which are 5000..so you gotta pay taxes...any single prize 5 grand or more is taxable so ofcourse you paid taxes...there is a section on florida lottery about taxes please read and understand what it says...
Aug 30, 2022, 5:45 pm - DB1OFF - Pick 3 Forum

Florida: 8/1 - 8/31/2022Reply
Which is correct tinker you only pay taxes on any 1 single prize 5000 or more...I was taught that long ago thats why I play all my pick 4 tickets. 50 cents not a dollar..it is income but its not the threshold to file taxes..if you have a job and make less then 5000 for the year you don't have to file taxes at all but the part about claiming your losses is true you can claim as much as you lose but have proof if you give a crazy number and they audit you..
Aug 30, 2022, 1:58 pm - DB1OFF - Pick 3 Forum

$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