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$790 MILLION: Fourth-largest lottery jackpot in history to be drawn TuesdayReply
Pat taxes on it LOL
Jul 23, 2022, 6:32 pm - tlady4 - Lottery News

$630 MILLION: Mega Millions jackpot soars after no winner TuesdayReply
$388,000,000.00(minus taxes) is a reasonable/respectable amount to start early retirement with.
Jul 22, 2022, 7:10 pm - CDanaT - Lottery News

Mega Millions lottery jackpot highest in 18 monthsReply
How does 530 turn into 174 after taxes
Jul 17, 2022, 3:41 am - speeddmon - Lottery News

North Carolina Veteran "blessed" by $1 million lottery prize from second-chance drawingReply
So if he chose the annuity, how much would be the total payout after taxes?
Jun 17, 2022, 10:19 am - sam9009 - Lottery News

North Carolina Veteran "blessed" by $1 million lottery prize from second-chance drawingReply
Can someone explain the tax system to me and how this retired Veteran paid $574,000 in Federal and North Carolina State TAXES? That's on a $1,000,000 prize! I totally understand having to pay taxes upfront. But I always have understood that if I won a million dollars I would take home about $600,000, and I would thrilled. Looking at the Jackpot Analysis pages on USA Mega for both Powerball and Mega Millions, it says the initial federal withholding of 24% as well as the remaining federal taxes
Jun 14, 2022, 5:09 am - Cigarman - Lottery News

Miami man is Florida's newest millionaire after playing Jackpot Triple PlayReply
The after taxes amount has got to be around 1,210,669.74 in the UK
May 16, 2022, 3:27 pm - Clarkejoseph49 - Lottery News

North Carolina: 9/1 - 9/30/2023Reply
oh you betcha! Wait, you do know we all have to legitimately have taxes withheld, on only yes, the pick 4 right? I am used to that all i am so far winning entire year, so yep, and prior years, each time, we all win it is taken out. i.e., if i won it playing regular tickets at the store I would be at the GREENVILLE RALEIGH Claimant Center, sittin' standing there waiting for my BIG check while they are back there deducting first all taxes each time. Sure do, so same is the Online Lottery Process o
Sep 28, 2023, 1:03 pm - Cassie8620 - Pick 4 Forum

800 million dollarsReply
Here's another reason why anyone that wins a huge lottery jackpot needs to hire a team of financial experts. Your taxes just got a whole lot more complex than they ever were after your big lottery jackpot win, and most people would not have a clue how to do their taxes on their own. Not to mention those whopping big numbers on the tax form you file with the IRS is going to immediately draw the IRS's attention, and your return will most likely be flagged for an audit. Everybody does their inc
Apr 16, 2023, 11:18 am - GiveFive - Lottery Discussion Forum

Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winReply
Actually you are only half right and half wrong. Using a courier service in another state that doesn't tax the Lottery win other than the required Federal Tax in that state doe not require you to pay a State Lottery Tax in your home State. You can claim your winnings in a state that does not collect state taxes along with the Federal Taxes, but in the State you reside in you will only pay State Income Taxes based off of your Federal Income Tax Filing, and you may have to show cause for the Addit
Apr 29, 2024, 3:29 pm - Onelast8 - Lottery News

California man asks clerk to choose a lottery game for him, ends up picking out a ticket worth $10MReply
Since the clerk choose the ticket for me at my request I would tip nicely, it was a life changing amount. Your are going to pay 37% in Taxes in total based only on the 5.8 Million which equates to 3,654,000.00 after all the Federal Tax is paid. I would Tip the clerk 654,000.00 they will be responsible for any Taxes from that, it removes me from Tax Fraud allegations. California is very expensive so I figure 654 Thousand is not a whole lot in that State but better than zero. The store that receiv
Oct 20, 2023, 7:38 pm - Onelast8 - Lottery News