It’s nuts. The government double thruple dips. Of the purchase price, half goes towards prizes. If you win, the lump sum is half the advertised jackpot. Then, the government takes 38% of that in taxes. So all told, the winners get $0.19 from every person who buys a $2.00 ticket. The government gets $1.81
It’s nuts. The government
doublethruple dips. Of the purchase price, half goes towards prizes. If you win, the lump sum is half the advertised jackpot. Then, the government takes 38% of that in taxes. So all told, the winners get $0.19 from every person who buys a $2.00 ticket. The government gets $1.81