Hoosier Lottery: Den of Thieves...

Reply #12

Badger — Tue, 03 Aug 2004 23:32:35 GMT

Quote: Originally posted by jim695 on July 31, 2004Badger:Yes, I was aware that major sweepstakes and contest prizes are taxed, but they always have been. However, lottery tickets have long been considered a voluntary tax and, until recently, (within the past two years), Indiana didn't tax major lottery prizes on the state level.If I ever won a Powerball jackpot (I don't play the Hoosier Lotto, or any Hoosier Lottery games anymore), I would challenge this state tax policy in a court of law, si... [ More ]

Reply #11

RJOh — Sun, 01 Aug 2004 01:25:34 GMT

Quote: Originally posted by jim695 on July 31, 2004Before Indiana had a lottery, I used to play in Ohio, and there was no state tax on any lottery winnings there. Part of the fun was not having to give the state any part of your windfall. I remembered when players would come from Indiana, Michigan, Pennsylvania and Kentucky to play the Ohio lottery, those were the days of jackpots upward of $60M plus, but I alway thought we had a state tax then. Well that is no longer true and now some of the l... [ More ]

Reply #10

jim695 — Sat, 31 Jul 2004 23:27:56 GMT

Badger:Yes, I was aware that major sweepstakes and contest prizes are taxed, but they always have been. However, lottery tickets have long been considered a voluntary tax and, until recently, (within the past two years), Indiana didn't tax major lottery prizes on the state level.If I ever won a Powerball jackpot (I don't play the Hoosier Lotto, or any Hoosier Lottery games anymore), I would challenge this state tax policy in a court of law, since a compelling argument can be made that it amoun... [ More ]

Reply #9

Badger — Sat, 31 Jul 2004 12:28:34 GMT

Jim,I have no way of knowing if the Hoosier Lottery is crooked. Would such a thing shock me? No, because when it comes to govt I'm a cynic. And the govt at all levels has made me one.I often have my own doubts about our honorable state govt games here. We are the 3rd most-taxed state in the nation by all accounts. Yet we have an entire state population that is half the size of the city of Chicago. And since the doofuses in our govt always manage to run a deficit in spite of all the taxes, they... [ More ]

Reply #8

BobP — Sat, 31 Jul 2004 08:05:10 GMT

Every lottery home page I've visited has some kind of percentage breakdown for each lottery dollar taken in. Usually 45% to 55% depending on state is earmarked for being returned as prizes. Usually about 15% goes toward opperating the lottery including advertising, payroll, offices, etc. What's left is the state's take. The amount returned to players in scratch offs is known before they go on sale. Probability suggests what should be won in the Pick-3/4 games, if this is way off base there s... [ More ]

Reply #7

four4me — Sat, 31 Jul 2004 04:20:17 GMT

That's right them calling you a sore looser is their easy out. I had my differences with our lottery games profits also. And when I approached some government officials they told me to forget about it. Cause their is no wrong doing in other words the state can do what it wants when it wants. And if you decide to oppose it/them you need followers. Since I was the only one well maybe not the only one wanting to know where the money goes or went. I was told it went into a general fund and dispensed... [ More ]

Reply #6

jim695 — Sat, 31 Jul 2004 03:50:03 GMT

Four4me:Have I become that predictible? To be honest, it really doesn't take much to set me off when it comes to this topic, and you have my apologies if I misunderstood your reply.I contacted our attorney general. Imagine my surprise when his office replied and explained that if any wrongdoing were proven on the part of the Hoosier Lottery, he would be defending the crooked lottery officials.This is what's so frustrating. I've written to everyone I can think of: elected officials, the FBI, news... [ More ]

Reply #5

Zeno — Sat, 31 Jul 2004 02:11:55 GMT

All I can say is: Stupid is as stupid does.Sure I can help you: Don't play

Reply #4

four4me — Sat, 31 Jul 2004 01:34:08 GMT

Jim somehow I knew I would invoke the response you gave I'm not going to get into a battle of wits over this with you. If you have a problem with Indiana's lottery you need to lodge a complaint with the attorney general. Lobby or get a petition going. Hire an attorney and fight the state. You posted something about your pitfalls with Hoosier's lottery and I commented. I'm not trying to belittle anyone. Pa has RNG on their midday game people win every day. They even post the amount of winners. It... [ More ]

Reply #3

jim695 — Fri, 30 Jul 2004 23:51:23 GMT

Four4me:You're correct when you say that Hoosiers don't know how to pick their numbers. You're also correct when you say that no one forces them to play. However, you couldn't be more wrong when you say that this is not the lottery's fault. It is entirely their fault.By the same token, no one forces you to play in Maryland, either, but I'm assuming you do. Now, given that, would you be so confident in your proven abilities if you discovered tomorrow morning that your state decided to switch to a... [ More ]

Reply #2

LosingJeff — Fri, 30 Jul 2004 18:43:15 GMT

I contributed about 6,

Reply #1

four4me — Fri, 30 Jul 2004 18:25:18 GMT

Jim I think all but a few states require to pay state and federal taxes on any winnings over $600.00 this information can be found on most state lottery websites. As for Hoosiers not winning any money nobody forces them to play and apparently they cant pick winning numbers it's not the lottery's fault that people don't win. Anybody that plays the lottery and wins can conceder themselves among the few that do. Everybody cant play and win every day it's just not feasible.Maryland has about 7 milli... [ More ]

Hoosier Lottery: Den of Thieves...

jim695 — Fri, 30 Jul 2004 17:56:21 GMT

For Immediate Release: 7/22/2004<STYLE> July 22, 2004STATE HITS JACKPOT WITH RECORD LOTTERY SALES YEARIndianapolis Indiana citizens hit the jackpot as the Hoosier Lottery shattered sales records in fiscal year 2004 (FY04) with $734 million in total sales (up 10% from FY03) and $422 million in scratch-off ticket sales (up 9.3% from FY03). These record revenues, combined with a significant reduction in expenses, fueled a remarkable 13.5% ($24 million) increase in profits, totaling nearly $200 m... [ More ]