Quote:
Originally posted by clickpimp
you pay tax on your winnings ... nobody gives you a tax refund for your purchase of tix.
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In the US, I think that you can reduce your lottery winnings by the amount you spent to get those winnings. The difference would be taxable
the odds should be better than the payoff
ex. 1/80,000,000 should pay out at least 80 million to break even
anything after that is profit
if you do that, you also got to watch out for other winning tickets, they would reduce the payout amount
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