In my post I only mention "jackpot equity". The other payouts add about 16.3% to total equity. California uses a different method than all other states for deciding what some of the non grand prize payouts would be.
Gambling winnings in Canada are taxable if gambling is your main source of income. I believe their enforcement on this is currently very weak. If you want the nitty-gritty read:
nightoftheiguana2000 wrote :
Coupla points, there are sub-prizes in the lottery, you should include that in your EV calculation, and Canada doesn't tax gambling wins, why do you think so many gamblers have moved to Canada? Plus Canada hasn't outlawed internet gambling. But you do need a block heater for your car in many places. And good luck getting a place to stay in Vancouver.
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Posted by: gamb00ler@yahoo.com
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