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"request total anonymity"

Topic closed. 6 replies. Last post 11 years ago by dvdiva.

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Australia
Member #17096
June 11, 2005
225 Posts
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Posted: April 9, 2006, 1:56 am - IP Logged

An entry sold at Cronulla in Sydney’s South has scored its lucky owner the entire $6 million First Division prize pool in last night’s Powerball draw.

The registered winner contacted NSW Lotteries today to advise he would be lodging a claim and to request total anonymity.

 

http://www.nswlotteries.com.au/news/newsindex.html?story=1992

    LOTTOMIKE's avatar - cash money.jpg
    Tennessee
    United States
    Member #7853
    October 15, 2004
    11338 Posts
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    Posted: April 9, 2006, 6:14 pm - IP Logged

    congrats!!


      Australia
      Member #17096
      June 11, 2005
      225 Posts
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      Posted: April 11, 2006, 12:29 am - IP Logged

      In Australia, all lottery prize money is totally tax free. Also, in Australia, you get the full cash payment, if you win $6 million, you get $6 million, there are no annuities.

        savagegoose's avatar - ProfilePho
        adelaide sa
        Australia
        Member #37136
        April 11, 2006
        3300 Posts
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        Posted: April 11, 2006, 8:08 am - IP Logged

        the prize is tax free but all the people who buy tickets pay an %11 gambling tax.

        so basically the losers pay the tax as soon as the bet is laid, not the winner when he rakes in the big one.


          Australia
          Member #17096
          June 11, 2005
          225 Posts
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          Posted: April 13, 2006, 9:03 pm - IP Logged

          All the revenue raised by NSW Lotteries goes into the state's Consolidated Revenue. State lotteries are a way for states to raise revenue; they are a voluntary tax. Paying a tax on a lottery ticket is both voluntary and painless, paying tax on a large prize in very painful.


            Australia
            Member #17096
            June 11, 2005
            225 Posts
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            Posted: April 13, 2006, 9:04 pm - IP Logged

            Did you know that in New South Wales more than 60% of player investments in lotteries is returned as prizes, which is one of the highest returns for lotteries games in the world?

              dvdiva's avatar - 8ball

              United States
              Member #2338
              September 17, 2003
              2063 Posts
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              Posted: April 13, 2006, 11:37 pm - IP Logged

              A tax on lottery tickets? That's a new low. Proves inflated annuities and taxation on lottery winnings takes place only the USA. Canada and Europe also have all cash tax free prizes. Not sure of Japan or other countries. Only big non US pots that I've seen though are out of Australia, Canada and Europe.

              Although given a choice I'd far rather pay a 35% tax on a one dollar ticket than have 35% of the prize taken away if I win.