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A state lottery is a racket for the state

By: CTJ in 6TH POPE | Recommend this post (0)
Thu, 10 Aug 23 3:40 AM | 37 view(s)
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Msg. 44908 of 58626
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In Virginia, If you win $5 million dollars on a scratch off ticker. You don’t get the $5 million. You get an annuity valued at $5 million. If you take the lump sum payout, you only get $3,125,000. After federal tax and VA state tax you’ll only be left with about $1,789,000.
A $5 million win = $1.8 million




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