I am not at all shocked to see that NY is the state where you get the smallest amount after taxes.
The net payout in states with no state tax on lottery winnings is $585mm vs $484mm in New York with an 8.82% tax. I wonder if you could change your residency to a non-tax state before claiming the prize.
Not in anticipation of winning the lottery (sigh) - but I changed my legal residence to FL from MA (and started gathering proof that I really am a resident, for tax purposes). I was not able to avoid MA state taxes that year. You cannot just change at the end of the year.
I would not sign the back because if you need to put it in a trust, I THINK the name on the back has to be that of the trust. But I would take front and back photos of the ticket and send them to my lawyer/accountant as documentation, and then I would lock it up until the lawyer and accountant and I had figured out how to set up a trust into which I could put the money. In some states, I think you cannot remain anonymous, and I would not want Joe Blow down the street to know of my good fortune.
So I am ready with my plan! And of course, plans to help some family members, and worthy causes. Now all I have to do is win…
If you DON’T buy a ticket the odds would go to zero in 292 million. I didn’t buy a ticket, although when it gets this high I always consider getting one. Or a few. And fantasizing about what I would do with it. For sure some travel, and some charitable projects, probably a schoolmaster for myself and a rescue horse or two, and maybe a horse for my trainer and a pony for the grandkids.
Can you buy ticket online? I presume not but thought I would ask anyway.
I have no idea. That’s one reason why I don’t buy them even when the jackpot is high enough to inspire fantasies.
I think you have to buy them in person. And possibly with cash. Maybe that varies by state.
$2 and bought in person.
They say big money changes you. Fates - I offer myself up to that trial by fire.
I am signed up to my states online lottery app. You must be within state limits to purchase. But it’s lightning fast to buy.
So will we find out anything tomorrow on the case? I sure hope we don’t have to wait another week or so.
It can be several weeks sometimes before a judge comes back with his decision. usually he has a good idea of when he can get back with it like “Ahmma gonna need a coupld of weeks to go through all this, you can expect and answer by xx.xx” or “I can have an answer on this matter next Tuesday.” that sort of thing. From my experience.
NC is the same.
According to google, if you were tbe sole winner of the 1.9 billion powerball, your lump sum payout would be 929.1 million. I could do some shopping with that!
Don’t forget to take out federal and state taxes. That’s gonna drop it by at least a third.
I’m good with $600 million.
600 million would be good.
Again I wish to tempt the Fates! Please, let me find out to what extent an eye-popping amount of money (lump sum, after taxes) can change me!
I am a willing sacrifice to this experiment.
lies on altar made of hay bales & covered with bills
I’m good with $600 million.
Hell, I’m even good with less zeros - let’s try $600,000!
I got 5 tickets when I was still in Kentucky - maybe buying in a different state will be the magic!
Right now a roll of $50s would be lovely.
LOL I tried that. We were on our way to KY last Thursday and I bought some at a truck stop in OH. Sadly, they were not winners.
My plan, amongst a load of benevolent things, is to build a horse park near my house. DH has a patient with 150 beautiful acres for sale and it’s about a 1.5 hour drive to the nearest horse parks so thought I’d build something local for me and my peeps. His patients ask him all the time if I’ve won the lottery yet.