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California Scratch OffsReply
Hi Cape, hope you busy winning as well among other things. I played this game a couple of times its a newer game never won til this hit. Not sure about CA taxes, i saw online briefly that they don't but not sure if it was trustworthy either way CA will find a way to get it indirectly from other taxes. Its my biggest win and i thought i was just playing to lose, for fun of course. Thanks for the support.
Jun 27, 2022, 9:06 pm - Fun2Lose - Instant ("Scratch-Off") Games Forum

California Scratch OffsReply
Hi Fun, it's been a heck of a week so just playing catch up...but WOW, OFF THE CHAIN win there with the $10 Bonus Blast game. Heck I don't think you've showed that game yet!?? Either way amazing win!! You mentioned taxes...does CA hit you up for state taxes too? In FL we have Federal but no state. Either way hope to see you nail more big ones like this one (again, would have sent my congrats earlier, was just jammed).
Jun 21, 2022, 4:02 am - Cape $cratcher - Instant ("Scratch-Off") Games Forum

Florida Scratch Offs - Post Pictures if posibleReply
Does anyone know how to claim losses with scratchers after winning a big prize like 100k and having to pay taxes on it?
Dec 13, 2023, 6:23 pm - speeddmon - Instant ("Scratch-Off") Games Forum

Florida Scratch Offs - Post Pictures if posibleReply
Hi Speeddmon, in the FL Lotto press releases those big checks to go along with all those big smiles always show the wins in todays dollars....but that win amount is, in reality, spread over many years (usually 20). The Lotto gives such winners the option to get paid right away in one lump sum, but at a discounted amount, since future inflation would erode the buying power of the annual payment if the annual $ option was chosen (think of if you bought a car 20 years ago what would a comparable on
Feb 5, 2023, 4:41 am - Cape $cratcher - Instant ("Scratch-Off") Games Forum

Florida Scratch Offs - Post Pictures if posibleReply
Someone posted, I believe it was CapeScratcher about how the new prize payout is lower than it was before. So if you want a better payout on $1million dollar winner stick to tickets that came out with 500x or before. I'd stick with $20 Gold Rush Limited. It's crazy that there is a 200k difference in payout. That's almost 40% in taxes out the gate :(.
Mar 22, 2023, 3:01 am - speeddmon - Instant ("Scratch-Off") Games Forum

Florida Scratch Offs - Post Pictures if posibleReply
500X the Cash is a straight cash payout minus taxes. 1 Million a Year for Life is an annuity, which would be paid out as 1 million a year for twenty-five years. If you take the cash option, you receive the amount that they would have to invest over 25 years to pay that amount (which is less than the full 25 million.)
Mar 21, 2023, 9:12 am - Sum Buddy - Instant ("Scratch-Off") Games Forum

Florida Scratch Offs - Post Pictures if posibleReply
Why is there a sudden drop in winning a $1 million prize compared to last year? Also, do you know the total amount take home after taxes? I thought you were taxed only once @ 24% from the IRS? Thanks for the prize payout table, I didn't think there would be any $1 million prizes on this ticket at all. Hopefully this means we are getting a new Lucky for Life game coming in March or soon.
Feb 5, 2023, 4:13 am - speeddmon - Instant ("Scratch-Off") Games Forum

Florida Scratch Offs - Post Pictures if posibleReply
Interesting article. I'm supposing this happens here in FL on a much smaller scale (and between friends relatives) when someone wants to avoid trying to process a claimer if they owe back taxes or child support. These guys though...geesh https://www.boston.com/news/crime/2022/12/12/watertown-father-and-son-who-cashed-over-20-million-in-winning-tickets-found-guilty-of-lottery-scam/
Dec 27, 2022, 1:25 pm - Cape $cratcher - Instant ("Scratch-Off") Games Forum

Florida Scratch Offs - Post Pictures if posibleReply
The upcoming $1M/Yr/Life ticket, from what I can predict, will have very similar odds to the current 500X. One curious item is the ILR from the FL Lotto I got last week showing 234 $1M wins and 2 Grand Prize For Life wins (guaranteed 25 years), but then the promotional material shows 217 $1M+ wins, so I guess we'll see. Do take note...the cost of money has increased since last year!! Someone hitting a $1M on this new ticket and taking the lump sum will get $640K before taxes...while a compar
Feb 5, 2023, 3:58 am - Cape $cratcher - Instant ("Scratch-Off") Games Forum

California Scratch OffsReply
So i planned to stay a bit and scratch, bought a mix of $1 and $2 and choose one from #3 5K win! Funny thing is i did not find it when i scratched it. Your story how you found a $500 winner always sticks with me and i make sure i double check everything before tossing(glad i did). I was excited and having the biggest smile all day. I did think that it could of had an extra zero or two(or the mil) what would i do if that was the case but ill take it either way. I hope yall hitting big e
Jun 17, 2022, 11:30 pm - Fun2Lose - Instant ("Scratch-Off") Games Forum