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Maryland: 2/1 - 2/29/2024Reply
Any SINGLE ticket up to $5K. What you do is if you have let's say 20 straight P4's you don't cash them all at once because the agent+ bank account might get hurt, you simply cash 1 or 2 a day from different agent+'s and voila you have a fat bank account and you'll collect your 1009G's and do your taxes when the time comes....it is what I do when get multiples.
Feb 13, 2024, 9:01 pm - jarasan - Pick 4 Forum

Father buys winning $1 million lottery ticket while wife waits in hospital with newbornReply
Oh and the best part about this story, unlike in the free and great USA, he's getting the exact amount. No taxes and no falsely advertised prize. What he won is what he gets, as it should be and is in pretty much every country on earth.
Feb 1, 2024, 11:02 am - thaencyder - Lottery News

NY Dream Team 2024Reply
I didn't catch the midday p3, but I did manage to catch 4/5 on the midday Take5!! Now I wait for them to send me my ticket so I can cash it pay taxes on it. lol
Jan 23, 2024, 6:17 pm - mrsd446 - Pick 3 Forum

Washington, D.C. woman wins $2 million Powerball prize from lottery ticket gifted to her by husbandReply
Wow. You are greedy. $2 million even before taxes is life changing for people. If it isn't, they didn't need the money anyway.
Jan 10, 2024, 5:53 am - Artist77 - Lottery News

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

Single mother who won $6 million in lottery opens up about the good and bad of winning millionsReply
Castro won over $600 million after taxes and she got about $2 million. The article doesn't mention her net worth seven years later, but she is probably living off her investments.
Oct 31, 2023, 2:57 pm - Stack47 - Lottery News