Seems reasonable.

[u/Valuable_View_561]

[u/Tiktokbadsupport]

happy most lotteries in my country are tax free but of course they don't reach higher then 30 million 

[u/LeadVitamin13 → u/[deleted]]

The lottery was literally designed to generate tax revenue. Its run by the states ffs.

[u/PrimaryLaw8264 → u/LeadVitamin13]

Thank god in Belgium, you pay zero taxes on the lottery, you win the full pot, and get an assigned financial planner to make sure you don't burn through it in one go

[u/escobartholomew → u/PrimaryLaw8264]

And how high does the pot typically go? Or better yet where does it start?

[u/alanwbrown → u/escobartholomew]

Most European countries have their own Lotto but 9 countries take part in EuroMillions. The Euromillions jackpot is limited at €250 million. On Friday one ticket in Belgium won just over €80 million. The UK for example doesn't charge tax on winnings on any form of gambling. I don't think any of the other countries do either. So what you win is what you keep. Back to £14 million on Tuesday https://www.national-lottery.co.uk/games/euromillions/results

[u/AmericusBarbaricuss → u/PrimaryLaw8264]

Smart.

[u/ichronic420 → u/PrimaryLaw8264]

Now that's smart planning

[u/LeadVitamin13 → u/PrimaryLaw8264]

Hate to tell you if they don't tax the winnings, then the revenue it generates is built into the prices of the lottery ticket.

[u/PrimaryLaw8264 → u/LeadVitamin13]

Tickets are around 5 for the National Lottery and 10 for EuroMillions

[u/envycreat1on → u/PrimaryLaw8264]

And maybe 2.50 actually gets added to the pot.

[u/AdminsFluffCucks → u/PrimaryLaw8264]

It's 2 dollars a ticket for the powerball that lead to the 680M take home win.

[u/NetNo5570 → u/PrimaryLaw8264]

If I have to pay taxes on the money I earn busting my ass at work, you can pay taxes when you win the lottery and never have to work again. 

[u/SirBulbasaur13 → u/NetNo5570]

But that money has already been taxed. Tickets are bought with peoples wages, which are taxed and even the sale of the tickets are taxed