|Posted: April 24, 2004, 5:07 am - IP Logged|
If you get a winning Powerball ticket you must redeem it in the same state you purchased it.
Also beware you may be setting yourself up for a big fat state income tax bill if you purchase tickets in another state. Check your local state tax laws carefully.
In Pennsylvania there is no state income tax on gambling winnings. The problem is most people don't read the fine print. There is no state income tax on winnings of Pa Lottery and Horse Racing. ( The only legal gambling we have within the state)
The bottom line is you pay tax if the winnings come from another state!
Friday I was in Delaware and I would never think of purchasing a Powerball ticket there. I wait till I return to Pa. due to the tax laws. Check your local income tax laws, you may be surprised on what you'll fine.