PSA: Megamillions won by some lucky people in MD, Kansas, Illiinois

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thegimp03

Diamond Member
Jul 5, 2004
7,426
2
81
I was thinking I wouldn't even show up to work the next day, but maybe I would to show off my new Agera R.
 
Dec 26, 2007
11,783
2
76
usually the state lottery bureaucracy sells both jackpot type games and scratch off tickets.

the problem with doing that is a) huge jackpots have an increasing likelihood of multiple winners; b) you have to pay federal and state income taxes on the winnings; c) the number quoted is the total payout of a 20 year annuity payment, if you take all the money up front you get ~70% of that.

Then pay taxes on the ~70%
 

DrPizza

Administrator Elite Member Goat Whisperer
Mar 5, 2001
49,606
166
111
www.slatebrookfarm.com
Question, I think I asked this before, but I'm not sure if it was answered.

Let's say I'm the sole winner (which is unlikely, since I don't have a ticket.)

What if picked up my stuff and moved to a state (without state income taxes) *before* claiming the prize? Would I still have to pay NY tax?
 

Onita

Golden Member
Feb 24, 2004
1,158
0
71
Question, I think I asked this before, but I'm not sure if it was answered.

Let's say I'm the sole winner (which is unlikely, since I don't have a ticket.)

What if picked up my stuff and moved to a state (without state income taxes) *before* claiming the prize? Would I still have to pay NY tax?

I believe (not 100% positive) that you're taxed in the state you bought it in.
 

JEDI

Lifer
Sep 25, 2001
30,160
3,302
126
Question, I think I asked this before, but I'm not sure if it was answered.

Let's say I'm the sole winner (which is unlikely, since I don't have a ticket.)

What if picked up my stuff and moved to a state (without state income taxes) *before* claiming the prize? Would I still have to pay NY tax?

your ticket can only be redeemed in the state you bought it.

a way around this is if you goto a state w/o state taxes and buy your tix there.

if u win, then legally move, then claim your tix.

obviously try your best to not let your old state know u won $200M. thats enuf tax $ that they'll spend the effort to go after you. and you have to waste time/energy defending in court.

ie: get drivers license in new state. dont use old states drivers license when redeeming tix
 
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IcePickFreak

Platinum Member
Jul 12, 2007
2,428
9
81
Woah, you guys posted your numbers on the internet! Now if you win somebody can steal them. :awe:

As they say, you can't win if you don't play. I'm gullible enough for a few bucks.
 

Svnla

Lifer
Nov 10, 2003
17,999
1,396
126
Question, I think I asked this before, but I'm not sure if it was answered.

Let's say I'm the sole winner (which is unlikely, since I don't have a ticket.)

What if picked up my stuff and moved to a state (without state income taxes) *before* claiming the prize? Would I still have to pay NY tax?

I am pretty sure that you have to claim the winning ticket at the state lottery office of the state that sold it.

Would that be nice if you just pick and move to a state with no income state and then a few months later, claim the ticket at the new state. No state income tax on hundreds of million = x 1000000 (wishful thinking).
 

ModerateRepZero

Golden Member
Jan 12, 2006
1,573
5
81
well no one won. Up to 356 M now.

I was wondering why no one won; then I saw the numbers.

You'd have to be uber-lucky with the quick pick, or have something personal/interesting with the numbers to select those /sigh.

Guess I'm in for Tues (will be 3rd drawing in the past 2-3 weeks).
 
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Baked

Lifer
Dec 28, 2004
36,152
17
81
I need to check my tickets that I bought last week. I'm really bad at checking my tickets. I will buy another $2 today.

It's not for the money. Money is nothing I desire. I think I'll use it to help people I know to wipe off their debt, completely.
 

djnsmith7

Platinum Member
Apr 13, 2004
2,612
1
0
I haven't played in at least 5 years, but I put in $5 last week & probably play again this week. I don't usually have a lot of luck, but we'll see what happens.
 

Svnla

Lifer
Nov 10, 2003
17,999
1,396
126
I am heading out and then stop at the gas station to buy a handful <crossing fingers....wanna fly first class from now on..heheheheh>
 

JEDI

Lifer
Sep 25, 2001
30,160
3,302
126

Balt

Lifer
Mar 12, 2000
12,674
482
126
Bought a ticket yesterday. $1 is worth the price to fantasize about having that much money.
 
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