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$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
Let's be honest here. You have a better chance of winning the lottery than taxes going down. Another thing to consider, federal taxes are due to go up about 2.6% in 2026. And, unfortunately, I live in Taxachusetts where they just increased the income tax rate from 5% to 9% for those that earn $1 million+ per year.
Aug 7, 2023, 10:31 am - DDBagger519 - Lottery News

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

California man asks clerk to choose a lottery game for him, ends up picking out a ticket worth $10MReply
I thought they had taken all the federal taxes on the 10M since Cal does not pay state taxes on lotto. But if I bagged 5.8M after all taxes and the cashier picked the ticket for me (especially a scratch game and not the QP tickets) , I wouldn't think twice about giving them 800K. It was purely the clerk's choice that won.
Oct 20, 2023, 12:32 pm - JustMaybe - Lottery News

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

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

California man asks clerk to choose a lottery game for him, ends up picking out a ticket worth $10MReply
Well, give the winner a chance to cash the ticket first I suppose is the thing to do here. We do though need a follow up on this story regarding how much he tipped. 800k is a little excessive actually. The winner is not going to get 5.8 million after taxes. They are going to get 5.8 million and then pay the taxes since they took the lump sum. Ballpark around 3 million. The clerk doesn't deserve 30% or so. More like 5% would be fair.
Oct 20, 2023, 12:04 pm - billybucks - Lottery News

$1.58 billion Mega Millions lottery winner has two weeks left to claim cash optionReply
I'm fine with tens of thousands of dollars, heck, so, 1 million after taxes more like the truthful of 1/2 million it would be, after taxes, is fine too. I am sure this person shall claim it at the very last few minutes. (i hope)
Sep 23, 2023, 2:05 pm - Cassie8620 - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
How much will federal taxes be on this amount? 50%???
Aug 6, 2023, 3:07 pm - Ziopic$ - Lottery News