How To Win Tax-Free Money In The Lottery?

Well, unless I am mistaken, it seems that here in the USA, most of the states have their own lotteries, and if you can’t fathom the astronomical odds of the games with the enormous, seemingly unrealistic prizes, you can opt for the games where, for example, you select a three digit number between 000 and 999.

These games have odds of 1,000 to 1, when selecting a three digit number straight, meaning that it has to come in the exact way you’ve selected it. Now, to my knowledge, most states pay 500 to 1, which means for a one dollar wager, you would win $500.

Furthermore, according to the IRS, people in the USA can win up to $599 tax-free, and do not have to show identification or submit a social security number when claiming a prize. So, it seems to me that a person can win tax-free money in just such a daily lottery drawing!

Of course, you can bet more than one dollar on a certain number, hence winning more tax-free money, just be sure to make the bets on separate tickets! As an example, let’s say you like the number  9 – 1 – 4  and you want to play it in the daily lottery game. You could buy 10 tickets, each containing  9 – 1 – 4  straight for a dollar, and if it came in that way, each ticket would be worth $500, so your total tax-free winnings would be $5,000!

Actually, you could buy 20, 30, or even more tickets, with the same number, and win even more money. If a person spent 20 bucks, and had their number hit, and then they won $10,000, that would be a nice chunk of money… enough perhaps to pay off a car, start a business, or take an awesome vacation trip! Why throw your money away attempting to win 176 million dollars?

I cannot take credit for this idea, as I read it in one of my friend Stephanie’s lottery books that she obtained from Cassandra The Numbers Lady. Incidentally, Stephanie has been winning quite a bit lately, and I say “good for her!”

Blessings!

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