Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois

On 6/28/17 7:44 AM, Tim wrote:
Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois


How awful for you. Were you a regular lottery player?

8:40 AMKeyser Soze
On 6/28/17 7:44 AM, Tim wrote:
Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois


How awful for you. Were you a regular lottery player?
....
Oh no, I think it's really a marvel that our state legislature refuses to take any fiscal responsibility. It got to the point where they owed so much in utility bills that Sangamon electric threatened to shut off the electricity to the state house.

I can't live Ike that . Besides, where did all the surplus lottery money go? Now there won't be any. Illinois is too broke to pay it's bills...

On Wed, 28 Jun 2017 04:44:07 -0700 (PDT), Tim
wrote:

Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois

It is amazing that the government can't even be trusted to run a
numbers racket that pays out less than half of what a private
operation pays.
Your local street numbers guy pays $6000 on a 1000:1 bet of 10
dollars. The state ends up paying $5000 and about $2600 after taxes.
Lotteries are a bad enough bet as it is (50% payout) and ridiculous
after you pay taxes on that money. Your typical slot machine pays ~95%
of the action. If you are not playing "on the card", it is all tax
free.

wrote:
On Wed, 28 Jun 2017 04:44:07 -0700 (PDT), Tim
wrote:

Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois

It is amazing that the government can't even be trusted to run a
numbers racket that pays out less than half of what a private
operation pays.
Your local street numbers guy pays $6000 on a 1000:1 bet of 10
dollars. The state ends up paying $5000 and about $2600 after taxes.
Lotteries are a bad enough bet as it is (50% payout) and ridiculous
after you pay taxes on that money. Your typical slot machine pays ~95%
of the action. If you are not playing "on the card", it is all tax
free.


In California the lottery winnings are state tax free. Also, our
legislature was famous for being consistently late on passing a budget.
Few years ago, the people passed a proposition where the legislature does
not get any pay or per diem while the budget is late.

On Wed, 28 Jun 2017 15:33:05 -0000 (UTC), Bill
wrote:

wrote:
On Wed, 28 Jun 2017 04:44:07 -0700 (PDT), Tim
wrote:

Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois

It is amazing that the government can't even be trusted to run a
numbers racket that pays out less than half of what a private
operation pays.
Your local street numbers guy pays $6000 on a 1000:1 bet of 10
dollars. The state ends up paying $5000 and about $2600 after taxes.
Lotteries are a bad enough bet as it is (50% payout) and ridiculous
after you pay taxes on that money. Your typical slot machine pays ~95%
of the action. If you are not playing "on the card", it is all tax
free.


In California the lottery winnings are state tax free.

That doesn't keep the feds from knicking 39.6% off the top.

On Wednesday, 28 June 2017 12:16:40 UTC-3, wrote:
On Wed, 28 Jun 2017 04:44:07 -0700 (PDT), Tim
wrote:

Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois

It is amazing that the government can't even be trusted to run a
numbers racket that pays out less than half of what a private
operation pays.
Your local street numbers guy pays $6000 on a 1000:1 bet of 10
dollars. The state ends up paying $5000 and about $2600 after taxes.
Lotteries are a bad enough bet as it is (50% payout) and ridiculous
after you pay taxes on that money. Your typical slot machine pays ~95%
of the action. If you are not playing "on the card", it is all tax
free.


Up here, taxes are included in the price of a ticket....the winnings are tax free.

On Wednesday, June 28, 2017 at 11:55:15 AM UTC-4, True North wrote:
On Wednesday, 28 June 2017 12:16:40 UTC-3, wrote:
On Wed, 28 Jun 2017 04:44:07 -0700 (PDT), Tim
wrote:

Due to Illinois not having a budget and billions of debt- No more powerball for Illinois.

http://www.kmov.com/story/35762466/n...ns-in-illinois

It is amazing that the government can't even be trusted to run a
numbers racket that pays out less than half of what a private
operation pays.
Your local street numbers guy pays $6000 on a 1000:1 bet of 10
dollars. The state ends up paying $5000 and about $2600 after taxes.
Lotteries are a bad enough bet as it is (50% payout) and ridiculous
after you pay taxes on that money. Your typical slot machine pays ~95%
of the action. If you are not playing "on the card", it is all tax
free.


Up here, taxes are included in the price of a ticket....the winnings are tax free.

Of course... they collect more taxes that way.