Whether you’re looking for a simple way to win money, or a complex way to understand the tax implications of winning the lottery, this article is for you. We’ll cover the STRIPS and Scratch games, as well as the Dutch state-owned Staatsloterij. And, of course, we’ll touch on the Taxes on Lottery Winnings. This article also features a video featuring lottery winners who explain their strategies and share their stories.
STRIPS
STRIPS is an acronym for Separate Trading of Registered Interest and Principal of Securities. This type of security allows investors to hold individual components of eligible Treasury securities and are popular among investors who want a known payment date. Unlike regular bonds, STRIPS are not issued directly to investors; rather, they must be bought and held through government securities brokers or financial institutions. STRIPS is a great way to earn interest without risking your money.
Dutch state-owned Staatsloterij
The Netherlands state-owned Staatsloterij is the oldest running lottery in the world, having started in 1726. Lotteries were first recorded in the 15th century, when locales held public games to raise funds for public uses such as fortification. Since that time, lotteries have grown to become popular tax revenue sources. Today, the Staatsloterij is still one of the world’s most popular lotteries, and is still the oldest continuously running lottery.
Scratch games
If you’re a fan of the Minnesota Vikings, you might be interested in a new scratch game that’s being offered to ticket buyers. Launched in anticipation of the team’s new stadium, this game pays instant cash prizes of up to $100,000. You can also enter the game for a second chance to win Vikings tickets and other gridiron goodies. However, be sure to read the official rules of the game before playing.
Taxes on lottery winnings
In the United States, lottery winners pay taxes based on their federal income tax brackets. The federal tax rate on lottery winnings is 37%, but the city and state of where you live may also want to take a cut of your prize money. If you live in a state without a lottery, you may be exempt from paying any taxes. There are several ways to calculate the taxes on your lottery winnings.
Addiction to lottery
If you’re addicted to playing the lottery, you may be wondering how to stop. One of the first steps is to admit you have a problem and get help for your problem. Then, set a budget for your game spending and stick to it. One rule: don’t spend more money than you have in your savings. If you can’t afford to spend more than that, you’re probably addicted to lottery gambling.