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Are you playing Mega Millions with the $5.00 per play?Reply
So if you had a choice between making $1, 000,000 and paying 25% in taxes or making $10,000,000 and paying 95% in taxes you would go with the $10,000,000 because you are making more money.
Sep 5, 2025, 4:56 am - grwurston - Lottery Discussion Forum

$1.1 BILLION: Powerball jackpot increased in longest-ever winless streakReply
Per PB FAQ'S on USAMEGA here on LP. If I live in a state that taxes prizes, but bought my ticket in a state with no tax on prizes, do I still need to pay state tax? Yes, you do. Think of lottery prizes as regular earned income from a job. Just because you may work in a different state, that doesn't permit you to get away with not paying state income tax in your state of residence. The lottery works the same way. Whether it's income from a job or income from gambling, the state wher
Dec 15, 2025, 9:05 pm - grwurston - Lottery News

$1.1 BILLION: Powerball jackpot increased in longest-ever winless streakReply
Yes, that would be much simpler and fairer. Taxes should be built into the price of the ticket, although I understand each state has different taxes and you wouldn't have a flat ticket price. Let's be honest, unless you take the actual cash and stuff it in a mattress, the winnings will be spent or invested and thus taxed at every stage - profits, dividends, interest, stamp duties, sales taxes etc etc etc. Here in Australia our Powerball jackpots are obviously much lower given our population
Dec 15, 2025, 4:55 pm - Barramundi - Lottery News

Are you playing Mega Millions with the $5.00 per play?Reply
Sure, the rest of us have no problem paying income taxes on our hard-earned wages and salaries while the lucky winner of a massive jackpot should pay nothing. It's mind-boggling how many people are willing to subsidize somebody who has 50, 100, 1000 or 100,000 times as much money as they do. You wouldn't be saying that if you won. There are some countries that do not tax lottery winnings. Unfortunately we are not one of them. where you're guaranteed to get good vacation time.
Sep 4, 2025, 2:01 am - KY Floyd - Lottery Discussion Forum

Virginia Mega Millions $348 million lottery winner plans to buy lawnmower with record prizeReply
they had or have a game where the prize stipulates taxes paid and you actually get the advertised amount. I remember seeing something about a game that did that, but it was a long time ago. If such a game exists now I haven't seen anything about it. I wish I'd checked (or remembered if I did check) to see if it really was a set amount after taxes, because the taxes could vary quite a bit depending on a winner's taxable income. Even if the prize was only 10k, that would add $3700 in federal
Aug 18, 2025, 12:50 am - KY Floyd - Lottery News

US Powerball multi-state lottery game expanding to the UKReply
American money going to foreign citizens. The article points out that According to MUSL, more than half of every $2 Powerball ticket stays in the jurisdiction where it is sold . That the state's share of the ticket price and all of the non-jackpot prizes that are paid by the state to somebody who bought a ticket in that state (roughly another 16% of the ticket price) stays in the state should be a no-brainer. With all of the states that offer PB, varying populations, and the small number of
Apr 19, 2026, 4:40 am - KY Floyd - Lottery News

Louisiana lottery winners collect their "Night of Millionaires" Powerball prizes of $1 millionReply
He will have to pay an extra $70,000 in California state income taxes. But still a nice payday on a $2 ticket.
May 26, 2026, 9:24 pm - Tucker Black - Lottery News

Taxes
I'm a member of a large group that have been playing for years. When the time comes and we win I know a tax attorney and accountant is suggested. I have read a LLC or of sort will be needed to claim the one check prise. My question is......... I know the Florida lottery collects 24 percent before issuing the check to the LLC and the LLC will distribute equal checks to each member. Now each member will be taxed again. That's double tax in my opinion. Can each member get a tax credit for what was
May 22, 2026, 11:27 am - Booroo - Lottery Discussion Forum

Finally! Millionaire For Life Jackpot Winner!Reply
Yep, about 1.3 million here after taxes. That's all I need!
May 10, 2026, 8:49 am - HoLeeKau - Lottery Discussion Forum

$78 million Lotto Texas jackpot expiring in less than two weeksReply
Imagine if they did one special draw with a fixed 1M prize and create 78 new millionaires before taxes
May 4, 2026, 10:17 pm - JustMaybe - Lottery News