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To: rb22982

Doesn’t the initial buy of 2 dollar ticket the government takes 1 dollar, half for the schools? That leaves 1/2 for the winnings?


90 posted on 11/07/2022 8:21:24 AM PST by US_MilitaryRules
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To: US_MilitaryRules

How the money is allocated depends on the state, but in terms of taxes to the winner, it’s just $1, not an additional 25%. On buyers of tickets in total, its about 75% going to state and federal taxes one way or the other. That’s why I don’t buy until the NPV is > $2 per ticket after tax, which it is now.


92 posted on 11/07/2022 8:32:28 AM PST by rb22982
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