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Virginia Lottery retailers refuse to sell tickets to draw attention to skill games amendmentReply
No disagreement from me that the government needs to regulate all forms of gambling in the state. 35% seems monumentally excessive however. That's a case of trying to protect the lottery, rather than a logical fee. So I agree on the regulation, but I think the fee should be smaller. (Incidentally I think they take too large of a cut on the lottery too, so you can see where my mind is at on these things.)
Apr 22, 2024, 10:42 am - Todd - Lottery News

How much do you "Owe," in this Lottery situation?Reply
Oh wow, a Karen Nathan hypothetical. I had completely forgotten about these. I would obviously pay back the $10. If I would split the prize depends on who lent me $10. To be honest this is a tough one because out of superstition I would never borrow money to gamble in the first place. It's bad luck. So is picking numbers off the license plate of a hearse. Gotta get your numbers and gambling funds from clean sources.
Apr 23, 2024, 3:15 pm - db101 - Lottery Discussion Forum

How much do you "Owe," in this Lottery situation?Reply
Verbal contracts to share a potential lottery win/gambling related are impossible to enforce in most jurisdictions. It is based on indefiniteness, etc. and there really is not an offer and acceptance as in a contract. Now, if it concerned a married couple, that is different since it would be property acquired during a marriage. And if you give someone money to purchase lottery tickets on your behalf, that is different as well. And I agree that you are opening a can of worms by giving
Apr 22, 2024, 9:15 pm - Artist77 - Lottery Discussion Forum

North Carolina Unlimited $$Reply
I'm on sum 11 for tonight.. I'm playing 407 - 470 both 5 exact and 5 50/50 After that I'm done gambling until my birthday weekend next weekend..
Apr 21, 2024, 5:57 pm - JordanT1021 - Pick 3 Forum

Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winReply
the jackpot would actually be worth $57.8 million. ... there is a top federal income tax rate of 37%. That cuts the cash value amount to around $36.4 million. After spending almost $26 million on every possible number combination, that leaves the purchasing group with a $10 million profit If you spend $26 million in tickets the taxable income from winning $57.8 million is $31.8 million. If you pay 37% tax on every dollar of that you're profit is a hair over $20 million. If it was all taxed
Apr 30, 2024, 1:27 am - KY Floyd - Lottery News