Missouri - $3,000,000 TAXES PAID - GM #842Prev TopicNext Topic

• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
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  Sep 20, 2011, 2:52 am

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  Missouri has a new $20 scratcher. I'm jus curious about the "taxes paid" if someone from outisde of Missouri hits one of the top prizes, what happens?

  $3,000,000 TAXES PAID - GM #842

  

  6 Prizes of $500,000 to $3 Million - Taxes Paid!
  "$3,000,000 Taxes Paid" offers a top prize of $3 million and a second prize of $500,000 - taxes paid!  The latest $20 Scratchers game from the Missouri Lottery features a chance to win up to 20 times per ticket and offers more than $80 million in prizes overall.

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• Captain Lotto

  

  Jefferson City, MO
  United States
  Member #55,248
  September 20, 2007
  97 Posts
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  Sep 26, 2011, 3:19 pm

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  Typically, withholding in Missouri is 29 percent for state and federal taxes. The prize is actually about $3.9 million so that the winner ends up with $3 million after withholding.

  Captain Lotto

  "Every day is a good day!"
• LottoGuyBC

  

  British Columbia
  Canada
  Member #116,096
  September 4, 2011
  4,034 Posts
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  Sep 27, 2011, 7:53 am

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  so basically there's still taxes involved

  "You have to be in it to win it!"