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How much cut will you take if you were to sell a winning ticket?

Topic closed. 24 replies. Last post 3 years ago by RJOh.

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CHERRY HILL, NJ
United States
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July 9, 2012
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Posted: October 28, 2013, 8:38 am - IP Logged

Winning can have its complications. Cashing in a winning lottery ticket (if its not a BIG MM or PB jackpot) can make you cross certain thresholds that will disqualify you from certain benefits. Or it can complicate your tax liabilities, as it will sure cause your Adjusted Gross Income to rise. 

The good news is the winning ticket is a prime commodity which can be resold very quickly at a discount. How much do you think is a fair discount?

    RJOh's avatar - chipmunk
    mid-Ohio
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    March 24, 2001
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    Posted: October 28, 2013, 12:19 pm - IP Logged

    Anyone buying winning lottery tickets at a discount is a crook and dealing with a crook make you a crook.  And if you are a crook selling your winning lottery tickets so you can continue to collect benefits meant to help those who really need them then you are also a thief.

     * you don't need to buy more tickets, just buy a winning ticket * 
       
                 Evil Looking       

      Jill34786's avatar - Lottery-006.jpg
      Windermere, FL/Franklin, TN
      United States
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      March 1, 2007
      843 Posts
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      Posted: October 28, 2013, 12:57 pm - IP Logged

      About a year ago upon returning to my vehicle after grocery shopping, a lady approached me claiming she had a winning Florida Lotto ticket worth over $5000 and that she would be willing to sell it for $3000 cash. She stated that she was here illegally and was scared to go cash it at lottery headquarters. She even volunteered to go back inside Publix to validate the ticket. I felt she was being truthful but still denied her request as I had my child with me.

      You hear about stories similar to this frequently where they actually set you up for a robbery. Apparently it didn't deter a nearby gentleman who had overheard her request. I saw both of them walking back toward the supermarket as I was pulling out of my parking space. I am fairly sure he went through with it but it wasn't worth my time or safety.

      ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **


        United States
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        July 25, 2012
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        Posted: October 28, 2013, 1:09 pm - IP Logged

        Winning can have its complications. Cashing in a winning lottery ticket (if its not a BIG MM or PB jackpot) can make you cross certain thresholds that will disqualify you from certain benefits. Or it can complicate your tax liabilities, as it will sure cause your Adjusted Gross Income to rise. 

        The good news is the winning ticket is a prime commodity which can be resold very quickly at a discount. How much do you think is a fair discount?

        LOL I would see no need to sell MY winning ticket....taxes or no taxes the money I would receive far outweighs me trying to dodge the I.R.S. and possibly being a millionaire in jail LOL

          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
          Bay Area - California
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          Posted: October 28, 2013, 1:28 pm - IP Logged

          Anyone buying winning lottery tickets at a discount is a crook and dealing with a crook make you a crook.  And if you are a crook selling your winning lottery tickets so you can continue to collect benefits meant to help those who really need them then you are also a thief.

          That's straight talk- which is True.

            maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
            Massachusetts
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            Posted: October 28, 2013, 6:00 pm - IP Logged

            Last year around Christmas time I played el gordo raffle from Spain. Had I won I would have sold the win to someone without any shame. I don't think uncle sam should lay claim to it. I'd be willing to settle for 80% of the payout otherwise it wouldn't make sense to sell.

            That money's gone fo ever

              Artist77's avatar - batman14

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              January 16, 2012
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              Posted: October 28, 2013, 6:52 pm - IP Logged

              I don't want to share a cell with Big Bertha....

              J'aime La France.


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                Posted: October 28, 2013, 7:37 pm - IP Logged

                Anyone buying winning lottery tickets at a discount is a crook and dealing with a crook make you a crook.  And if you are a crook selling your winning lottery tickets so you can continue to collect benefits meant to help those who really need them then you are also a thief.

                  RJOh's avatar - chipmunk
                  mid-Ohio
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                  Posted: October 28, 2013, 7:58 pm - IP Logged

                  Last year around Christmas time I played el gordo raffle from Spain. Had I won I would have sold the win to someone without any shame. I don't think uncle sam should lay claim to it. I'd be willing to settle for 80% of the payout otherwise it wouldn't make sense to sell.

                  I assume when you say had you won you are talking about a prize that would have put you in the 30% tax bracket.  What make you think someone would pay you more for a win than it would be worth if claimed legally?

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
                               Evil Looking       

                    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                    Oklahoma
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                    Posted: October 28, 2013, 10:37 pm - IP Logged

                    I don't want to share a cell with Big Bertha....

                    Lol Green laugh

                    I Love Pink & Green 1908

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                      London
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                      Posted: October 28, 2013, 11:07 pm - IP Logged

                      Never heard of that in the UK, we don't pay tax on tickets here tho so I doubt people would need to do it. Maybe they would if they got certain benifits or something I am not sure....

                      2016 Won/Lost

                      EuroMillions / Spent: £22 / Won £0 / Total -£22

                      UK Lotto / Spent: £4 / Won: £0 / Total: -£4

                      2016 Total: -£24

                      Jan: -£22 Feb: £0 ~ Mar: £0 ~ April: £0 ~ May: £0 ~ June: £0 ~ July: £2

                       

                      EuroMillions = £2 Line / Played: x11 [old price] 

                      EuroMillions = £2.50 Line / Played: x0

                      UK Lotto = £2 Line / Played x2

                        rdgrnr's avatar - walt
                        Way back up in them dadgum hills, son!
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                        Posted: October 28, 2013, 11:14 pm - IP Logged

                        Never heard of that in the UK, we don't pay tax on tickets here tho so I doubt people would need to do it. Maybe they would if they got certain benifits or something I am not sure....

                        Half the country doesn't work here and the other half has to feed them.

                        It's a delicate balance.

                          maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                          Massachusetts
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                          Posted: October 29, 2013, 7:47 am - IP Logged

                          I assume when you say had you won you are talking about a prize that would have put you in the 30% tax bracket.  What make you think someone would pay you more for a win than it would be worth if claimed legally?

                          You have to remember that they don't tax lottery winnings overseas. If the jp was 100,000 the buyer would get  20,000  for the hustle.  I think there's plenty of people who would be willing to take that offer today. What would be tough is how to execute the deal and come out unscathed.

                          That money's gone fo ever

                            JackpotWanna's avatar - squiz

                            United States
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                            March 23, 2004
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                            Posted: October 29, 2013, 12:46 pm - IP Logged

                            Say no thank you.  Most likely a scam.

                              savagegoose's avatar - ProfilePho
                              adelaide sa
                              Australia
                              Member #37136
                              April 11, 2006
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                              Posted: October 29, 2013, 6:30 pm - IP Logged

                              About a year ago upon returning to my vehicle after grocery shopping, a lady approached me claiming she had a winning Florida Lotto ticket worth over $5000 and that she would be willing to sell it for $3000 cash. She stated that she was here illegally and was scared to go cash it at lottery headquarters. She even volunteered to go back inside Publix to validate the ticket. I felt she was being truthful but still denied her request as I had my child with me.

                              You hear about stories similar to this frequently where they actually set you up for a robbery. Apparently it didn't deter a nearby gentleman who had overheard her request. I saw both of them walking back toward the supermarket as I was pulling out of my parking space. I am fairly sure he went through with it but it wasn't worth my time or safety.

                              they where working together, its a tried and tested scam.  some offers to sell you something  at a good price, then  a " 3rd un related party " joins in and offers to do the deal. yuo feeling that you might miss out   jump in and take the  deal, only to find you lost your money. some times its fake jewel, sometimes its a ticket or a pile of forign cash  , rare stamps, , i forget the exact  details.  but i read  about this exact same scam a  fair few years ago.

                              2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = ?  TOT =  -3596

                              keno historic = -2291 ; 2015= -603; 2016= -424; 2017 = ? TOT = - 3318