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Bradly_60

Atlantic Mine, Michigan
United States
Member #416
June 23, 2002
1,614 Posts
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Jan 7, 2004, 1:14 pm

That has to be the biggest jump for the second drawing of a jackpot roll. I think it only at most used to get up to $15 million. Thats a huge jump for this game!
Brad
Jake649

Canada
Member #2,673
November 2, 2003
497 Posts
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Jan 7, 2004, 1:57 pm

Yes, it is a new record. The previous two-roll record was $18 million set on July 26, 2002 following a $165 million jackpot win.
The Powerball two-roll record is $22.6 million.
Good luck,
Jake
Bug

United States
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October 15, 2002
471 Posts
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Jan 7, 2004, 4:49 pm

Game on! Hopefully these MegaBumps will last for a couple rollovers.
Bug

United States
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October 15, 2002
471 Posts
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Jan 7, 2004, 11:23 pm

Powerball has volleyed with a nice rollover. The cash value is greater than the Mega, but are they pulling strings here? It seems a bit generous. I wonder if the Powerball suits are sweating the addition of Texas. Yup, gotta love Texas.
dvdiva

United States
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September 17, 2003
2,063 Posts
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Jan 7, 2004, 11:41 pm

just hope if you win some s***bag doesn't crawl out from under a rock and "claim" they had the winning ticket
fja

100

United States
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January 19, 2002
16,125 Posts
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Jan 8, 2004, 6:43 am

Just one quick tax question,,,If she won on the megamillions on the 30th, does she claim it on her 2003 income tax return, or do you wait till you actually get the money? sorry if this has already been answered.

"Everybody has to believe in something...I believe I'll have another beer!" = W.C.Fields
Toaster

United States
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January 4, 2004
8 Posts
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Jan 8, 2004, 11:30 pm

We payed on the 2003 taxes. 25% for me.
Bug

United States
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October 15, 2002
471 Posts
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Jan 9, 2004, 12:11 am

Quote: Originally posted by Toaster on January 09, 2004

We payed on the 2003 taxes. 25% for me.

Why 2003? You didn't collect in 2003 did you?
Bug

United States
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October 15, 2002
471 Posts
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Jan 9, 2004, 12:13 am

Btw, are lottery winnings treated as capital gains?
Todd

50

Chief Bottle Washer

New Jersey
United States
Member #1
May 31, 2000
27,935 Posts
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Jan 9, 2004, 12:17 am

Quote: Originally posted by Bug on January 09, 2004

Btw, are lottery winnings treated as capital gains?

I think it's just treated as regular income.

Check the State Lottery Report Card
What grade did your lottery earn?

Sign the Petition for True Lottery Drawings
Help eliminate computerized drawings!
Thomas Covenant

South Carolina
United States
Member #491
July 16, 2002
837 Posts
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Jan 9, 2004, 5:18 am

Lottery winnings are considered regular income. The IRS ruled that you are liable for taxes at the time you Validate your winning ticket.

Okay, now I believe you can predict lottery numbers
Toaster

United States
Member #3,232
January 4, 2004
8 Posts
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Jan 9, 2004, 2:05 pm

Quote: Originally posted by Bug on January 09, 2004

Quote: Originally posted by Toaster on January 09, 2004

We payed on the 2003 taxes. 25% for me.

Why 2003? You didn't collect in 2003 did you?

no we collected in 2004 but the winning date was dec.31 2003. and that is what counts, the income was earned in 2003.
visiondude

light on my feet
United States
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May 20, 2002
2,744 Posts
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Jan 9, 2004, 7:54 pm

Quote: Originally posted by Bug on January 09, 2004

Btw, are lottery winnings treated as capital gains?

not unless you win in the washington d.c. area.
vision

"i am .........."meant to"

P.S., that RJoH is a stand up guy. thanks, vision

until further notice, it's france everyday

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