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Do you save your tickets?

Topic closed. 18 replies. Last post 5 years ago by helpmewin.

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United States
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April 4, 2012
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Posted: April 13, 2012, 8:20 pm - IP Logged

I didn't but I decided to start now, MegaMillion tickets just look so nice and they're so smooth (I rub them on my face a lot) I'm going to start saving them and keep them in a folder and such, just because I want to get my monies worth as much as possible, and there might be a 1 in 175 million chance of a REDRAW or wrong numbers being posted on a results site or something so you don't throw it away early. Dance

 

What about you guys?

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    Minnesnowta
    United States
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    March 27, 2012
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    Posted: April 13, 2012, 8:39 pm - IP Logged

    I scan every ticket and check them myself. If its a loser I throw it away due to IRS reasons. Simple.

    Besides, who wants to collect tickets for years and then one day take a look at that huge pile of worthless paper you've wasted thousands on. That should brighten up your day lol.


      United States
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      Posted: April 13, 2012, 9:07 pm - IP Logged

      I scan every ticket and check them myself. If its a loser I throw it away due to IRS reasons. Simple.

      Besides, who wants to collect tickets for years and then one day take a look at that huge pile of worthless paper you've wasted thousands on. That should brighten up your day lol.

      Wait, what IRS reasons? 

       

      Also, when you throw the ticket away it feels like I'm just throwing the money I spent on it in the trash, I'd rather keep it so I can fool my self to believe that I still have the money! It's just in another form.

        haymaker's avatar - Lottery-012.jpg
        Egg Harbor twp.south Jersey shore
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        June 29, 2011
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        Posted: April 13, 2012, 9:12 pm - IP Logged

        I save em, until i file my taxes, then i toss em.

        Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

          maximumfun's avatar - Lottery-030.jpg
          Lavender Rocket

          United States
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          March 16, 2012
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          Posted: April 13, 2012, 9:55 pm - IP Logged

          I didn't but I decided to start now, MegaMillion tickets just look so nice and they're so smooth (I rub them on my face a lot) I'm going to start saving them and keep them in a folder and such, just because I want to get my monies worth as much as possible, and there might be a 1 in 175 million chance of a REDRAW or wrong numbers being posted on a results site or something so you don't throw it away early. Dance

           

          What about you guys?

          I hear they make lovely bathroom wallpaper - if you have enough of them.


            United States
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            Posted: April 13, 2012, 9:57 pm - IP Logged

            I hear they make lovely bathroom wallpaper - if you have enough of them.

            That's actually so crazy I'm seriously contemplating how I could do this to my own bathroom.

              haymaker's avatar - Lottery-012.jpg
              Egg Harbor twp.south Jersey shore
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              Posted: April 13, 2012, 10:04 pm - IP Logged

              I hear they make lovely bathroom wallpaper - if you have enough of them.

              LOL, thanks, almost forgot that one.

              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                Nikkicute's avatar - nnjx1k
                Wisconsin
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                February 17, 2012
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                Posted: April 14, 2012, 9:24 pm - IP Logged

                I didn't but I decided to start now, MegaMillion tickets just look so nice and they're so smooth (I rub them on my face a lot) I'm going to start saving them and keep them in a folder and such, just because I want to get my monies worth as much as possible, and there might be a 1 in 175 million chance of a REDRAW or wrong numbers being posted on a results site or something so you don't throw it away early. Dance

                 

                What about you guys?

                No, we have Second Chance drawings for losing tickets is our state.

                Save until $5.00 worth and send it in an envelope for the weekly draw.

                  Colt45ML's avatar - 4eyes
                  Jawja
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                  February 25, 2010
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                  Posted: April 15, 2012, 12:18 am - IP Logged

                  I didn't but I decided to start now, MegaMillion tickets just look so nice and they're so smooth (I rub them on my face a lot) I'm going to start saving them and keep them in a folder and such, just because I want to get my monies worth as much as possible, and there might be a 1 in 175 million chance of a REDRAW or wrong numbers being posted on a results site or something so you don't throw it away early. Dance

                   

                  What about you guys?

                  I save all of mine because if I luck out and win big (that is if I win one or more prizes of more than $500, and thus have taxes taken out) I can use the losers to offset the win a bit and at least get some, if not all, the money rebated that I paid in taxes.  If not, which has been every year so far, I throw them at the end of the year.

                  Be sassy and be happy.

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                    Kentucky
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                    Posted: April 15, 2012, 11:01 am - IP Logged

                    I save all of mine because if I luck out and win big (that is if I win one or more prizes of more than $500, and thus have taxes taken out) I can use the losers to offset the win a bit and at least get some, if not all, the money rebated that I paid in taxes.  If not, which has been every year so far, I throw them at the end of the year.

                    We've had this discussion many times but it's very appropriate considering the filing deadline is midnight on Tuesday. For those who normally file long form, they can always deduct up to the amount of the winnings. It's usually a problem for those using the standard deductions because by deducting the gambling losses, they lose the standard deductions. The best solution is to use a tax program and figure your taxes both ways and chose the one with the best results.

                    If you do claim the losses, you should keep all the losing tickets for that year until you're past the time when you could be audited by the IRS.

                      Artist77's avatar - batman14

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                      Posted: April 15, 2012, 1:58 pm - IP Logged

                      We've had this discussion many times but it's very appropriate considering the filing deadline is midnight on Tuesday. For those who normally file long form, they can always deduct up to the amount of the winnings. It's usually a problem for those using the standard deductions because by deducting the gambling losses, they lose the standard deductions. The best solution is to use a tax program and figure your taxes both ways and chose the one with the best results.

                      If you do claim the losses, you should keep all the losing tickets for that year until you're past the time when you could be audited by the IRS.

                      Do the tickets have to be from the exact lottery game you won or any lottery game ticket?  I have never saved mine but maybe I will start.

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                        Bronx, NY
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                        Posted: April 15, 2012, 3:57 pm - IP Logged

                        I used to save my tickets.  But then I got depressed after a while when I saw how much I had racked up.  I threw the pile away and never collected again.  As soon as I see its a loser I throw it in the trash.

                          Lucky Loser's avatar - bucks
                          Texas
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                          Posted: April 15, 2012, 7:23 pm - IP Logged

                          Naaaw...I threw away all my old tickets I ran across. See, there may be times when I decide not to play, and, it would be just my luck that one of those tickets had every single winning number on it. Can you say EXTREMELY DEPRESSED and with an EXTREMELY SORE A** from kicking myself?? Nope, I don't play around with saving old tickets...too much risk in it for 'ole Lucky. I'm just very suspicious like that when it comes to this type of thing.

                          L.L.

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                            Kentucky
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                            Posted: April 15, 2012, 7:54 pm - IP Logged

                            Do the tickets have to be from the exact lottery game you won or any lottery game ticket?  I have never saved mine but maybe I will start.

                            The tickets should be consistent with your normal ticket purchases, but the IRS doesn't check the accuracy of all the people that claim gambling losses. It's only when your taxes are audited that you need to show the tickets. Losing horse racing tickets could be included as well as scratch-off or any online lottery game.

                              Artist77's avatar - batman14

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                              Posted: April 15, 2012, 8:39 pm - IP Logged

                              The tickets should be consistent with your normal ticket purchases, but the IRS doesn't check the accuracy of all the people that claim gambling losses. It's only when your taxes are audited that you need to show the tickets. Losing horse racing tickets could be included as well as scratch-off or any online lottery game.

                              Since I only play the big jackpots, I think I'd be going through all the old tickets also (and double checking them against later drawings)...lol...  Probably better that I toss them as the other person does as well.