Quoted from John_I:If he has been doing this a long time, I seriously doubt he is ahead of the game. Anyone putting that much into the lottery does not understand math. I have a friend whose mother is addicted to scratch off tickets. She will brag up and down about the times she won $500 or $5000 but she neglects to say how much she plays every day and how long she has been doing it. She says she does it because one day she will win big and give it all to her kids. Riiiiiiiiiight.
That's right, because buying lottery tickets is not tax deductible. Just look if his numbers are correct...
+ $300,000 won
- $125,000 spent
- $150,000 in taxes - typical on winnings
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Total: $25,000 net - not really worth the risk - what if you didn't hit the big jackpot?
And that's ONLY if you're the BIG Winner!