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

Topic closed. 2 replies. Last post 5 years ago by LottoGuyBC.

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Coin Toss's avatar - shape barbed.jpg
Zeta Reticuli Star System
United States
Member #30470
January 17, 2006
10392 Posts
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Posted: September 20, 2011, 2:52 am - IP Logged

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

$3,000,000 TAXES PAID

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.

Lep

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's avatar - CaptLotto
    Jefferson City, MO
    United States
    Member #55250
    September 20, 2007
    97 Posts
    Offline
    Posted: September 26, 2011, 3:19 pm - IP Logged

    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's avatar - Lottery-050.jpg
      British Columbia
      Canada
      Member #116101
      September 4, 2011
      4033 Posts
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      Posted: September 27, 2011, 7:53 am - IP Logged

      so basically there's still taxes involved Unhappy

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