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Maryland: 2/1 - 2/29/2024Reply
What is the obsession with the taxes? Like the lottery guy Jim wrote, your individual tax situation determines how much of your winnings are going to be taxed, period. Those 1099G's are income, if you have any $600.00+ 1099G winnings you need to itemize and take deductions, you can deduct gambling loses up to the amount you won, ALWAYS KEEP YOUR LOSING TICKETS as proof for your deductions. If you win win $800 you will receive $800 from the retailer, then when tax time comes around you add it to
Feb 15, 2024, 9:29 am - jarasan - Pick 4 Forum

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

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

Maryland: 2/1 - 2/29/2024Reply
If you win a Pick 4 double for a dollar box with the promotion you'll win $800 before taxes. After they take out the 24% Fed and 8.95% state taxes for a total of $263.60, you'll take home an extra $136.40 for a grand total of $536.40 Why wouldn't we just wait till the promotion is over, then play for a $2.00 box, win $800 and then keep it all. Makes sense right?
Feb 13, 2024, 8:33 pm - grwurston - Pick 4 Forum

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

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

Maryland: 2/1 - 2/29/2024Reply
I sent them a second email. Jim, Well, if we have to pay the 32.95% taxes (24% Fed, 8.95% state) which comes out to $263.60 on the $800 win per my example, that would leave me with only $536.40 in total take home winnings. I know you don't have any control or say over the taxes, but I'm going to be candid here. If that additional $400 in winnings is only going to amount to an actual $136.60 extra in my pocket, then in that case I hope I DON'T get one of the Double Box Payout promo
Feb 14, 2024, 7:02 pm - grwurston - Pick 4 Forum

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
What does that last paragraph mean? You don't pay taxes on lottery wins of $600. AFTER $600 you do pay taxes. OTOH, though not sure where this going (with the mess of our so called leaders in DC) the casino lobbyists want to increase the taxable amount from $1200 to $5000 to, as they say, adjust for inflation. I have yet to find any lottery lobbyists out there, if they exist that is.
May 27, 2024, 7:42 am - Bleudog101 - Lottery News