$224 Million "Mega Millions" lottery for 10/24/2014
BartSimpson @ Thu Oct 23, 2014 9:15 am
andyt andyt:
Oh. Then we won't, because the IRS will get its mitts on our share as well, as it was earned in the US.
Didn't realize these lottos were state level. I thought with all that money, they were national like ours are. Especially at only a buck a pop. Must be a lot of suckers in CA buying lots of tickets.
Didn't realize these lottos were state level. I thought with all that money, they were national like ours are. Especially at only a buck a pop. Must be a lot of suckers in CA buying lots of tickets.
Canada has an estimated 35,344,962 people as of this year.
California has an estimated 38,340,000 people as of this year.
Just saying.
andyt @ Thu Oct 23, 2014 9:18 am
Our lottos don't reach anywhere near your payouts tho, and cost a lot more. But then yours is open it seems to the world, probably sell worldwide too, like those Irish Sweepstakes.
BartSimpson @ Thu Oct 23, 2014 10:44 am
andyt andyt:
Our lottos don't reach anywhere near your payouts tho, and cost a lot more. But then yours is open it seems to the world, probably sell worldwide too, like those Irish Sweepstakes.
California and other states have pooled into multistate lotteries like the Mega Millions and Powerball. These multistate lotteries have the benefit of higher jackpots. California's own SuperLotto occasionally has a big jackpot but it's unusual for it to break the $100m mark.
DrCaleb @ Thu Oct 23, 2014 10:53 am
BartSimpson BartSimpson:
andyt andyt:
Our lottos don't reach anywhere near your payouts tho, and cost a lot more. But then yours is open it seems to the world, probably sell worldwide too, like those Irish Sweepstakes.
California and other states have pooled into multistate lotteries like the Mega Millions and Powerball. These multistate lotteries have the benefit of higher jackpots. California's own SuperLotto occasionally has a big jackpot but it's unusual for it to break the $100m mark.
And with roughly the same population and a $3 cost, we rarely exceed $50 million nationally. But then again, half is taken in taxes in the US, where none is taken in Canada. (half the cost is the jackpot, the other half is taken as profit)
Unsound @ Thu Oct 23, 2014 11:15 am
andyt andyt:
Oh. Then we won't, because the IRS will get its mitts on our share as well, as it was earned in the US.
Didn't realize these lottos were state level. I thought with all that money, they were national like ours are. Especially at only a buck a pop. Must be a lot of suckers in CA buying lots of tickets.
Didn't realize these lottos were state level. I thought with all that money, they were national like ours are. Especially at only a buck a pop. Must be a lot of suckers in CA buying lots of tickets.
I didn't think the IRS coild take winnings from Canadians... I seem to recall hearing about people paying taxes on winnings in Vegas, and then filing to get it back after they returned home... am I on drugs?
BartSimpson @ Thu Oct 23, 2014 11:24 am
Unsound Unsound:
I didn't think the IRS coild take winnings from Canadians... I seem to recall hearing about people paying taxes on winnings in Vegas, and then filing to get it back after they returned home... am I on drugs?
As I read the IRS information here:
http://www.irs.gov/instructions/iw2g/ar02.html
It looks like payments to Canadians would be subject to 30% withholding but then you'd be able to file a return stating that you do not live or work in the USA and then the 30% would be refunded to you. I think the point is that they want to make sure you don't have any US taxes due from past earned income or etc. and if you don't then they'll refund the money to you.
If you do owe back taxes then they can deduct what is owed and then refund the balance (if any) to you.
bootlegga @ Thu Oct 23, 2014 1:59 pm
DrCaleb DrCaleb:
BartSimpson BartSimpson:
andyt andyt:
Our lottos don't reach anywhere near your payouts tho, and cost a lot more. But then yours is open it seems to the world, probably sell worldwide too, like those Irish Sweepstakes.
California and other states have pooled into multistate lotteries like the Mega Millions and Powerball. These multistate lotteries have the benefit of higher jackpots. California's own SuperLotto occasionally has a big jackpot but it's unusual for it to break the $100m mark.
And with roughly the same population and a $3 cost, we rarely exceed $50 million nationally. But then again, half is taken in taxes in the US, where none is taken in Canada. (half the cost is the jackpot, the other half is taken as profit)
That's because it takes a long time for Lotto 6/49 to reach $50 million, so it is often won before it gets there (IIRC there have only been one or two 50+ million jackpots), while Lotto Max is capped at $50 million max (although there can be 50 $1 million bonus prizes).
raydan @ Thu Oct 23, 2014 3:07 pm
BartSimpson BartSimpson:
raydan raydan:
Is this Spam? ![[huh]](./images/smilies/icon_scratch.gif "huh?")
Nicely played!
![[B-o]](./images/smilies/drinkup.gif "Drink up")
Kinda expect you to say that we won... then ask us to send you a $500 "processing fee" before you can send us our winnings.
Thanos @ Thu Oct 23, 2014 3:40 pm
Bart's actually the Prince of Nigeria? 
BartSimpson @ Thu Oct 23, 2014 3:51 pm
raydan raydan:
BartSimpson BartSimpson:
raydan raydan:
Is this Spam?
Nicely played!
Kinda expect you to say that we won... then ask us to send you a $500 "processing fee" before you can send us our winnings.
Nope. To my understanding I'll just be giving your real name and address to the California Lottery folks and they'll contact you for the rest.
BartSimpson @ Thu Oct 23, 2014 3:52 pm
Thanos Thanos:
Bart's actually the Prince of Nigeria?
After an extensive study of both my Scottish DNA and the resulting family tree I can assure that the only nobility in my family are the royal pains in the a**.
Strutz @ Thu Oct 23, 2014 9:49 pm
It's not quite Friday YET.
Sure, I'll join in on the fun. Someone has to win. Why not Bart?
If we do win then I think a get-together would definitely be in order!
MeganC @ Fri Oct 24, 2014 6:47 pm
I'm in!!! ![[cheer]](./images/smilies/icon_cheers.gif "Cheer"){kind=icon}
MeganC @ Sat Oct 25, 2014 9:01 am
No one won the jackpot so its 252 million now! 
jfkreacher @ Sun Oct 26, 2014 11:01 am
What are the odds of winning the UK euromillion lottery?