Soldato
right @Kutter - you've gone very quiet......you scoop the jackpot and gone into hiding!!!
yeah, knowing my luck i'd realise i'd won and have a heart attack :-/
think i'd want an anonymity clause on that, can only imagine the begging letters and potential ransom threats that might be made if you suddenly land that sort of dosh.
"Not if you’re not a US resident and from a county with a tax treaty." does the US allow winners from other countries? i'm sure i read the Powerball didn't, back when that hit some idiot amount a few years ago; some company immediately appeared where you could buy tickets online and then it was pointed out they'd all be invalid due to that clause.
I used Lottoland.co.uk myself, hope this helpsThose that are buying US lottery tickets which sites are you using?
Those that are buying US lottery tickets which sites are you using?
right @Kutter - you've gone very quiet......you scoop the jackpot and gone into hiding!!!
Oh you on the move?! No more snowy winters then??Its not drawn yet m8, been busy getting ready to move to Atlanta. If i do win i wont forget my old Warthunder pals
In the UK all the deductions are taken before the prize. So, in the UK if the prize is £10 million, then you get to keep £10 million. In the US, if the prize is $10 million you'll get taxed on that too - about $2.5 million on by the state and between about $900k an $0 depending on the state - so you'd get to keep $7.5 - $6.6 million (ish).I missed the 12%
So 25% goes to charity and a 12% goes to the government. So 63% goes to the winner/operator.
Quite a few deductions that people don't immediately realise are losing here in the UK when comparing to the US.
https://en.m.wikipedia.org/wiki/National_Lottery_(United_Kingdom)
As stated in that article, the 25% is arguably a stealth tax as it funds charitable things the government don't then have to fund.
In the UK all the deductions are taken before the prize. So, in the UK if the prize is £10 million, then you get to keep £10 million. In the US, if the prize is $10 million you'll get taxed on that too - about $2.5 million on by the state and between about $900k an $0 depending on the state - so you'd get to keep $7.5 - $6.6 million (ish).
In the UK all the deductions are taken before the prize. So, in the UK if the prize is £10 million, then you get to keep £10 million. In the US, if the prize is $10 million you'll get taxed on that too - about $2.5 million on by the state and between about $900k an $0 depending on the state - so you'd get to keep $7.5 - $6.6 million (ish).
Which is about £10million, so is uk lottery better?But in the US the prize fund would have been $15m to begin with.
Which is about £10million, so is uk lottery better?
What?best regards to our very good web admin, please ask for permission to read go
Aren't the US jackpot figures artificially inflated anyway? Isn't the headline figure based on taking payment in installments meaning that inflation will have taken huge chunks out of it by the time you get most of it? If you take the option of taking it all up front you'll get a lot less than quoted even before the taxman comes knocking.
I want the 1.2 billion one, that's the one I entered, I think.
I've not read the small print have I