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Tax-Free and Anonymity
Taxes on gambling winnings were on the books before the lotteries so I don't know how IRS could justify taxing a $1300 trifecta winner at a race track and not tax a multi-million dollar lottery winner. I agree it would be nice if all gambling winnings were exempt but they are classified as income just like savings accounts, stocks and bonds.
As for the advertised jackpots, it's not like they are saying the jackpot is $1 million, but in the small print saying it would be paid off at a dollar a
Jul 7, 2009, 5:20 pm - Stack47 - Lottery Discussion Forum
Tax-Free and Anonymity
US state lotteries could learn from the Aussies, all lottery prize money is tax-free in Australia and winners can remain anonymous, which most do.
Also, if you win $53 million, you get $53 million, they don't have any annuity nonsense. That's what America needs - TRUTH IN JACKPOTS!
Jul 7, 2009, 1:22 am - myturn - Lottery Discussion Forum
Obama Admin. working on 90% tax on lottery?
I know that our elected officials are dumb, but it would really be a real dumb-dumb for them to put 90% tax rate on wins. No one would play the jackpots. Why would they? I sure as ..... wouldn't.
But I do believe there will be more taxes on the horizon. Bummer!!!
Jun 30, 2009, 6:46 am - Kaptainess - Lottery Discussion Forum
How does the POWERBALL lottery estimates its estimated jackpot?
My educated guess would be that the starting jackpot comes from a reserve.
The estimated jackpots comes from experience, previous results etc ie at a jacpot level how many people will buy ticket and average number of tickets.
Jun 26, 2009, 4:14 pm - Editgap - Jackpot Games Forum
Will Arkansas Get Powerball Or Mega Millions?
The newly hired director of the Arkansas Scholarship Lottery says he is recommending that the State Lottery Commission accept an invitation by Powerball to join the multi-state lottery known for its often soaring jackpots.
Enough said!
Jun 26, 2009, 4:06 pm - bobby623 - Jackpot Games Forum
Quick decision: New Ark. Lottery chief recommends Powerball
I understand multi-state games like PB and MM have to have higher odds than individual states games with lower odds. But what was wrong with 5/55 + 1/42 PB prior to January 2009, or even 5/53 + 1/42 PB prior to August 2005 with jackpot odds of 1/120 million? PB jackpots haven't been any higher since January than what they were a year ago before the latest matrix expansion. The number of jackpot winners have been roughly the same too (June 2008 - June 2009). Jackpot odds jumping from 1/120 millio
Jun 26, 2009, 2:01 am - lowerPB-MModds! - Lottery News
The Mega Millions is Fixed
Doesn't make any sense at all to go into a public forum and shoot your mouth off saying things like that. OF COURSE YOU WOULD NOT TELL ANYBODY! If I had a system to predict winning numbers on a consistent basis in the bigger jackpot games, I sure as hell wouldn't say anything either. Why would you? Split the jackpots with tons of people? No. Score a big win. Post the proof. And THEN you will have earned the right to talk all the trash you want. C'mon.... be real.
Jun 5, 2009, 9:25 pm - joker831 - Jackpot Games Forum
Pharaohs Cash3 or Pick3 Hotsheet is the Best
I have all the sheets 'Whiz,Money Row, The Saint and etc.but when come to sheets,sure they help but this is the site of knowledge. They predict one a month but you have to be to see how some members can predict straights all most a week,and large Jackpots, give some of the best lottery free excel programs, and all the best advice if given any problem.
+0
Jun 5, 2009, 8:12 am - merdis salley - Lottery Discussion Forum
The Mega Millions is Fixed
I'm kinda thinking MM and PB already have a system in place where once the time expire at 9:45 and 10:45 to play your tickets. They probably look on a big national computer screen seeing all the numbers played in the system before hand and put magnetic balls, leveled at medium to stronger field of the absent #'s that wasn't played in the system that goes straight to the top. I also believe these people have inside winners to collect the jackpots in those corparation, family friends paying them o
May 31, 2009, 12:13 pm - stanyslaww - Jackpot Games Forum
Pick 3/4 Business Partner
DiamondPalace, I'm talking business here not foolishness. Okay, you're world-wide how well are you doing with your lotto? Maybe I should be asking you for your secret. Multiple jackpots? Why not start where you can afford to play instead of trying to win Millions of dollars in one shot? Sweetie, if it doesn't cost you anything then you can't really expect anything. This is about odds in your favor. Keep your money, your first born, and your soul.
May 28, 2009, 2:48 am - Matchmaker - Lottery Discussion Forum
