Have you ever sold your WINNING TICKET to a 7-11 clerk?

Reply #11

noise-gate — Fri, 11 Oct 2013 16:38:54 GMT

Point well taken JonD- however you will note l posted from time to time not all the time, besides Chris Hansen did a piece on this exact same thing in the Bay Area where they conducted a sting operation and the vendor said that he helps people out who are trying to avoid reporting the full amount to the IRS state local agencies who would pull off the sum owing for both back taxes child support.l highlighted the child support aspect of my argument which to me is more serious of the two IMHO.

L... [ More ]

Reply #10

Jon D — Fri, 11 Oct 2013 14:52:21 GMT

I wouldn't automatically assume there is illegal activity on the part of the player.

Maybe the guy didn't keep any tickets or record of what he plays, he just knows he blows a few grand a year on lottery. So one lucky year he wins $1K, and thinks, darn, now it's reported to the IRS as income, but I'm still a grand in the hole! (not to mention past years) Tough luck. The IRS don't care. So he goes to his friend at the liquor store and they make the deal.

It's really the clerk that is avoidi... [ More ]

Reply #9

noise-gate — Fri, 11 Oct 2013 13:51:24 GMT

That happens from time to time with people who win under a grand, they want to avoid paying back child support etc. How anyone can attempt to evade a thing such as that shows a lack of moral ethical standards.

Reply #8

LottoMetro — Fri, 11 Oct 2013 01:19:25 GMT

True....which means that technically, selling your ticket to a clerk could be seen as a form of tax evasion.

Reply #7

RJOh — Fri, 11 Oct 2013 00:32:16 GMT

Where I live they don't take out taxes except on winnings $5,000 and up.

They don't where I live either, but at the end of the year the state sends you a W-G form for any winnings over $600 to be filed with your taxes.

Reply #6

Jon D — Fri, 11 Oct 2013 00:10:15 GMT

Yes, this has been reported in many news stories and undercover busts, catching clerks doing this.

It happens a lot with Scratch games. Some people would prefer not to deal with the taxes and reporting for a $600 claim. So they make a deal with the clerk to give them a lesser amount in cash. The clerk can then easily scoop up bunches of losing scratch games from the trash can to offset any wins that he claims, so it would appear that there is no net income from those wins on his returns. It's... [ More ]

Reply #5

tony869 — Thu, 10 Oct 2013 23:46:13 GMT

I have seen a clerk name tag say -- Dipshet

Reply #4

Coin Toss — Thu, 10 Oct 2013 23:44:02 GMT

No, the clerk's name tag said Patel.

Reply #3

LottoMetro — Thu, 10 Oct 2013 22:53:47 GMT

Russ Richards tried that and it didn't turn out as planned. lol

I don't think I would ever do this. Where I live they don't take out taxes except on winnings $5,000 and up.

I don't see player clerks as having any more losses than the average player. The only thing I can think of that would encourage them to do this is 1) keeping losing tickets that players throw away to offset taxes as well as get extra (aka discounted prize to player), or 2) offsetting with lotto ticket commissions (usual... [ More ]

Reply #2

Stack47 — Thu, 10 Oct 2013 22:40:08 GMT

It's been a pick-4 racket for years and sometimes in pick-3. If you you have a winning ticket that might be difficult to cash because of a number of reasons, clerks will find someone to cash it at a price. Usually at a 20%+ price too. Whomever signs the back of the ticket and fills out the claims form is responsible to pay whatever taxes there are.

Reply #1

billionaire2bee — Thu, 10 Oct 2013 17:15:38 GMT

Unless I owed money to a leg breaking loan shark...I'd go cash in my own ticket....

Have you ever sold your WINNING TICKET to a 7-11 clerk?

d1nnl2 — Thu, 10 Oct 2013 15:40:04 GMT

There is a racket going on with the clerks at 7-11. They are willing to buy your winning ticket at a discount. No need to fill that claim form or head to your lottery office. COLD CASH NOW!

I think they profit from this at TAX TIME, when they offset their winnings with supposed losses and since they have modest incomes, they can win with paying little or no income taxes.

Just a reminder to winners that there's an alternative to the complications of winning the lottery for you.