Powerball

[JIBBBY]

Dream the BIG dream!!! Someone has to win!! ..

[beavis13]

thx I won’t then

You're already sitting on that Tampa SB ticket. You're in good shape. Had that game completely wrong. Got lucky on game staying under.

[Jayvegas420]

How much American Tax would you pay on $730? Would it be better to take the annuity?

[BOA12]

How much American Tax would you pay on $730? Would it be better to take the annuity?

If looking 2Day Jay, have a monster. 3:00 CST SA R2 #3 Canadian Pride 9/5. #1 is 2-1 Baffert, #5 is 2-1 W/Rosario aboard. WP 4ME. BOL2ALL

[nyplayer33]

Annuity prob not..u can get more from cash if u invest it right. Annuity over 26 yrs....we might be dead in 5 yrs lol.

[nyplayer33]

They have a scrstch off called win for life...it shoukd be lose 6our life..by chading it. I have prob spent in tickets since 1990...150k..is thst right. 300 month..3600 year..36k a year...maybe 100k..got back like 3k..fkin waste

[Jayvegas420]

Sounds like the lottery takes about 15% and then the government takes another 40? Is that about right?

[Doug tushyterror]

How much American Tax would you pay on $730? Would it be better to take the annuity?

Go to usamega.com..they break it down to the exact dollar after taxes for every state.

[RudyRuetigger]

i have 5 for the powerball and 5 for megamillions


megamillions is worth more right now

[krk1030]

I'm going to buy a Powerball and mega millions ticket.

I won't get greedy and hope to win both. I'll settle for 1.

[Jayvegas420]

Before the government takes its cut how much do the lottery corporation's take? For example, if the awarded pruze is 100 million dollars does that mean the lottery company collected 115 million dollars or 165 million dollars? Here in Ontario I believe the lottery corporation's take between 12% and 15%

[Jayvegas420]

... however we pay 0% income tax on lottery winnings

[GunShard]

From 2019:

[MinnesotaFats]

I got 25 tix for each

[Jayvegas420]

[JIBBBY]

^

[johnnyvegas13]

You're already sitting on that Tampa SB ticket. You're in good shape. Had that game completely wrong. Got lucky on game staying under.

This

bucs r my lotto ticket

[Doug tushyterror]

Time to load up on on those Mega tickets.

[Jayvegas420]

Trivia: if they gave it all to you in $100 bills how much would that weigh?

[Doug tushyterror]

Trivia: if they gave it all to you in $100 bills how much would that weigh?

Figure 311M after taxes/based on above chart.. Based on 20K LBs/1B =6220 LBs

[Jayvegas420]

This is probably a dumb question but why don't they tax the ticket sales, rather than the winnings? Wouldn't the government's take B about the same in the end, and further incentivize ticket sales?

[pavyracer]

This is probably a dumb question but why don't they tax the ticket sales, rather than the winnings? Wouldn't the government's take B about the same in the end, and further incentivize ticket sales?

The payout wouldn't grow as fast if the ticket sales are taxed. It's a gimmick to grow the jackpot faster and make more people buy tickets.

[Doug tushyterror]

Makes no fukkin sense.(35..1M winners?: most ever!) considering how many fewer people play when the jackpot is this low (23M). It's because all the numbers are below 32 (calendar days more likely picked) but that's happened several times and it's never been close to this.