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One Michigan lottery ticket wins $842.4 million Powerball jackpotReply
Blame the public. The United States is the only nation on earth that taxes lottery winners and lets Lotteries advertise a false amount of prize (loophole being lump sum cash vs amount) but people are sooo convinced they live in the greatest free country in the universe they can't even see when they are being screwed.
Jan 4, 2024, 10:01 pm - thaencyder - Lottery News

2024 tax rates now published at USA Mega
Both the federal tax rate brackets and the state income tax rates used for the Powerball Jackpot Analysis and Mega Millions Jackpot Analysis pages at USA Mega have been updated to the latest 2024 rates. Federal tax bracket changes happen every year, with the IRS adjusting each bracket upwards slightly to account for inflation. For a lottery jackpot winner claiming millions in income this results in a minuscule change in taxes paid, but the adjustment at USA Mega does make it exact. For s
Jan 1, 2024, 10:56 am - Todd - Lottery Discussion Forum

Spain's El Gordo dishes out €2.6 billion in annual Christmas lotteryReply
I like the x200 top prize amount. What's the payout percentage? The State of Spain wins from the taxes, even with 100% payout.
Dec 23, 2023, 8:18 pm - Wavepack - Lottery News

Maryland man wins $57,777 after dreaming of father gifting him a lottery ticketReply
So after taxes he got about 39,000.00. Ok, not bad but not life changing for sure. Prizes for this 5.00 scratch ticket seem a little low to me. Wonder how many they distributed. Don't quite get the #7 reference though as being very significant. He has been playing these for years so he is at least even now.
Dec 12, 2023, 1:41 pm - billybucks - Lottery News

Texas Lottery pays out largest jackpot in state history with $360 million Mega Millions claimReply
Yup. Generations trusts, privacy, low yearly maintenance fees, etc... The winner(s) might also be from out of state. Having the trust in SD also means that they avoid yearly state level taxes on any money the trust earns. They will have to pay when they take a payout.
Nov 17, 2023, 9:48 am - SCnational - Lottery News

Florida LLC revealed to have claimed $1.6 billion Mega Millions lottery jackpotNews Story
Temporary anonymity period is up By Kate Northrop The winner of the $1.6 billion Mega Millions lottery jackpot has been revealed following the 90-day grace period of anonymity given to lottery winners in Florida. The winner of the third-largest lottery jackpot in history, a $1.6 billion Mega Millions jackpot drawn on Tues., Aug. 8, 2023, was won by a single ticket in Florida. Whoever claimed it had 90 days of anonymity before the Florida Lottery would release their name. Today, t
Dec 27, 2023, 6:36 pm - Todd - Lottery News

California Lottery announces group as winners of historic $1.765 billion Powerball jackpotNews Story
Second-largest lottery jackpot in history finally claimed Updated with additional information about jackpot winners By Kate Northrop Today, the California Lottery announced the winners of a $1.765 billion Powerball jackpot, the second-largest lottery jackpot in history. One ticket in a small California town won the $1.765 billion Powerball jackpot from the drawing on Oct. 11, 2023, and now we know who it belongs to. Theodorus Struyck was revealed by the California Lottery as
Mar 15, 2024, 4:10 pm - Todd - Lottery News

NY Dream Team 2024Reply
NY is the only state that expects everyone to pay higher taxes while delivering zero in return. Worst streets in the country and despite all the money nyl rakes in... they can't get any random ny government employee to hit a button on their thoroughly test fraudulent ping pong ball machine when it's time.
Apr 21, 2024, 7:03 pm - Mattchu - Pick 3 Forum

NY Dream Team 2024Reply
Imagine with the ridiculous taxes and endless potholes I don't see traveling in other states...they can't push the on button on a ping pong ball machine on time. Thanks NY. Keep up the bad work
Apr 5, 2024, 3:20 pm - Mattchu - Pick 3 Forum

When is the right time to hang your lottery boots?Reply
Here is an alternative to quit playing the lottery. Spend a lot less money by joining a pool. For the current series of Mega Millions draws, I have been spending only 35 cents per draw. The pool is buying 20 tickets per draw. Not a lot of tickets but still enough to win. My share of the jackpot for the Friday draw is $3 million. This is the cash value and before taxes.
Mar 6, 2024, 1:36 pm - winoneday - Lottery Discussion Forum