So U play with $ 2 that are taxed before U get it. UP front the government gets a 50% hold on the play.
Winner gets 1000 million (1 billion). Government nets roughly 1/2 of win in taxes . So odds about 1 chance in 302 million x $2 = 600 million. On that exact scenario player makes 300million and government nets 300.
300 mill lottery slice for selling
150 mill lottery income tax
120 mill estimated taxes on $ earned that were wagered
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$570 million profit for states on $600 million hit???
I"m not a math guy. How flawed is my quick calculation??
good luck to all that played. Not a bad win!! Jeep
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Posted by: whitejeeps@yahoo.com
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