A Lottery With No State Tax on Winnings Could Be the Next Step in the Lottery Game
During the first recorded sign of a lottery is the keno slips of the Chinese Han Dynasty. Today, the multi-state lotteries need to have a game with a high probability of losing. A lottery with no state tax on winnings could be the next step in the lottery game.
First recorded signs of a lottery are keno slips from the Chinese Han Dynasty
Historically, the first recorded signs of a lottery are keno slips from the Chinese Han Dynasty. It is believed that these lottery slips were used to finance the construction of the Great Wall of China.
Keno, also known as white pigeon ticket, is believed to have originated in China during the Han Dynasty. The game started as a method of extracting money from the public, but over the years evolved into a popular lottery-like game. In fact, keno is still played in many casinos today.
In the Chinese Book of Songs, there is a reference to the drawing of lots in a lottery-style game. The word lottery is also found in an ancient poem that has 1000 characters.
Multi-state lotteries need a game with large odds against winning
Several states have teamed up to run multi-state lotteries. These games usually have several million dollars in the bank, not to mention large jackpots. The best part is that players can win in a variety of formats, including the traditional draw and online versions. In fact, some states have even gone so far as to drop the ball and offer players the chance to win on a mobile app.
While the multi-state lottery may seem like an exercise in self-promotion, the reality is that some states are relying on these games to keep their fiscal health in check. In fact, the state of Oregon has more forms of legal gambling than any other state.
Tax-free states for winnings
Whether you are a long time lottery player or a newbie on the block, there is no doubt that you have been rewarded with some windfall cash to boot. If you are in the know, you might have had to pick a state or two to call home for the duration of your newfound fortune. While you are on the flip side of the equation, a brief discussion about tax and taxation law might be in order. You may also want to consider your tax rate and tax brackets as a deciding factor. If you are a resident of the state of Oregon, you are in luck; you will be free of state tax for good.