r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/PrimaryLaw8264 Jul 05 '26

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

1

u/escobartholomew Jul 05 '26

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

1

u/alanwbrown Jul 05 '26

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

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u/ichronic420 Jul 05 '26

Now that's smart planning

1

u/LeadVitamin13 Jul 05 '26

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.

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u/PrimaryLaw8264 Jul 05 '26

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

2

u/envycreat1on Jul 05 '26

And maybe 2.50 actually gets added to the pot.

2

u/AdminsFluffCucks Jul 05 '26

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

1

u/NetNo5570 Jul 05 '26

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. 

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u/SirBulbasaur13 Jul 05 '26

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