What You Should Know About the Lottery
Whether you want to win the lottery or you want to try your luck at it, there are some things you should know about it. You may think that you can’t win the lottery, but there are certain ways you can increase your odds of winning.
First recorded signs of a lottery are keno slips from the Chinese Han Dynasty
Several people believe the first recorded signs of a lottery were keno slips from the Chinese Han Dynasty. The keno slips were believed to have helped finance major government projects such as the construction of the Great Wall of China.
The game of chance that was recorded in the Chinese Book of Songs is “drawing of wood.” The game of chance is a fun alternative to paying taxes.
There are many different kinds of lotteries. Most of them are run by national, local, or government-sponsored organizations. Lotteries can be used for a variety of public purposes, including raising money for the poor, schooling, and for town fortifications. Some governments even regulate or endorse lottery schemes.
Scams
Typically, lottery scams will ask for money upfront, even if it’s just a small amount. It’s important to do a little research on the competition before giving out any financial information.
In addition, there are numerous tricks that scammers will use to get your money. The most obvious is by pretending to be an official government agency. They’ll tell you you need to pay taxes and other fees before you can claim your prize.
They might also ask for your bank information. Or, they might claim they’re from a social media company and need your account information to make your winnings available. They may even ask you to use a money transfer service to get your winnings.
Taxes on prizes in Kansas
Depending on the game you play, your winnings on the Kansas Lottery may be subject to both state and federal taxes. The IRS has a number of requirements for reporting your winnings. You can find more information on your tax obligations and the specific laws relating to lottery prizes in the FindLaw Kansas Gambling and State Lottery Laws section.
If you win a prize on the Kansas Lottery, you will need to provide your Social Security number and tax ID. You will also need to fill out a claim form. You can submit a claim form in person or by mail. If you win a prize of more than $600, you will need to include a signed winning ticket in your claim.
Mega Millions ticket brought home $536 million in 2016
Several people have claimed the Mega Millions jackpot this year, including the winner of a $536 million prize in the state of Indiana. The prize was claimed by a family, but they want to keep their identities a secret. The family wanted to maintain their sense of normalcy for their kids.
They bought a ticket at a Speedway gas station in Cambridge City. They matched five of the six winning numbers, and took home $327.8 million.