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I'm not sure the length of this video's introduction was entirely my fault, although I had no idea that Simon ever worked at a news stand! Also, don't worry: If I win the lottery I'll still be writing scripts
I would either be high af and/or driving too fast or petting dogs Edit: maybe playing music. It's weird Europe doesn't have checks anymore, but also not somehow
Since he told the company directly about the weakness and the company didn't do anything, it should only *BARELY* qualify as fraud and he should have got the lightest sentence possible. IMO, of course.
My great aunt and uncle won the lottery back in the early 90's. It was the 2nd year the lottery had launched in our state. After taxes they were left with about $16 million dollars. They didn't fall prey to the "curse of the lottery", invested wisely, and of course retired early (I believe they were in their late 40's when they won). They offered to pay for anyone who wanted to go to college as no one in our family had graduated from college. But I know my aunt and uncle had people writing to them from all over the country saying things like "Jesus told me to write to you..." etc. Lots of crazy and desperate people. But after the win they were still the same humble people they were before and they still are now.
In Finland you don't have to declare criminal record. Criminals are often even allowed to work outside of prison or study so that they don't fall outside of society and don't have a weird gap in the CV. On the other hand, there are jobs, where the employer can and has to do a background check, such as certain government jobs and people working with children. The extend of that background check will depend on the job, ie. for people working with kids, their fraud won't show up in the background check.
@@R0bobb1eFinnish is one of the hardest languages to learn, it’s totally different from next door Swedish and Russian , so it’s neither Latin, Germanic or Slavic, it’s a Uralic language like Hungarian that comes from a totally different language tree. You have an easier time learning Persian with your knowledge of English than learning Finnish 😂
2:45 - Mid roll ads 4:50 - Back to the video 6:00 - Chapter 1 - A harmless joke 11:50 - Chapter 2 - Everyone's favourite cryptid 19:10 - Chapter 3 - They had their chance 27:25 - Chapter 4 - Only in america
In the States the money from the lottery goes to the state. A lot of states say it goes to public schools, which is true, but they then cut other funding from other places that used to go to public schools.
Here here. It’s a nice pep talk to get us ready for the mind melting stupidity of the people who are obsessively committed to these conspiracy theories, even though they have glaring flaws making them ridiculous and obvious fiction
I used to have a shade-tree mechanic who would change my oil for $10-worth of scratchers (I provided materials). His logic? He was going to spend whatever money he made on scratchers anyway, & this way there was always a chance he'd make thousands on a single oil change. I miss that guy. ✌🏼
Simon, here in South Carolina, the state definitely runs the lottery. A percentage of the revenue goes to education, including scholarships for university and technical college. I once told a friend I was up $30,000 on the lottery. He asked me how. I told him I don't play, and that's how much my kids have gotten in lottery scholarship money. And THAT is the only way to win the lottery!
Just a quick FYI for Simon. In the UK about half the ticket price to goes to the prize fund, 25% goes to good causes, some goes to the retailer and about 15% of the sale price of the ticket goes to lottery duty (aka a tax). So the winners aren't taxed because the lottery is taxed elsewhere.
I would not be surprised that similar arguments are the reason why lotteries are not taxed in other places too. I remember reading that in Germany the lottery isn't taxed because the government thought that it would be unseemingly to tax the winnings of a lottery you already paid the government to participate in when the first lottery was established after the war.
Imagine winning the lottery in America and suddenly every person you ever met is asking you for money because you can’t keep the fact you won private! That would mess a person up more than the winning probably!
@@ThatWriterKevin But I think trust ownerships might be public info as well, like real estate ownerships and corporations. Still a very good step, at the very least.
@@davedixon2167 There are law firms that specialize in it. The firm owns the trust and they have to send a lawyer to go take a picture at the lottery office, but who the beneficiary of the trust is gets to be secret.
So, true story...I mean, "allegedly "; right after high school, one of our friends worked his way up to manager of a grocery store. After asking for a few months, he finally started telling us what lotto scratchers had not paid out in a while. So we would drop about 100 between 4 of us and split the cash prizes. We did this for almost 2 years he managed the store. I guess every lime they restock the tickets or every roll has to have a certain amount of winners or something. Not sure. Bu we were walking away with about $1000-2000, 1x a month. Not a great amount, but enough for going out once or twice. Allegedly.
When a major jackpot goes unclaimed until right before the deadline, it hits the news for sure. That's why it gets more scrutiny. There are lots of eyes on it then. But it's not America that prohibits anonymous lottery winnings, it's a state-by-state thing. In California where I live you generally have to disclose your identity, but it's also acceptable for a trust to claim it without disclosing the beneficiary.
I'm kinda surprised he didn't use the defense "I told them about this weakness in the system, they ignored it. So to save them public humiliation I showed them it was an issue and they continued to ignore it."
The lottery is most certainly a scam. HOWEVER, I've never seen the state argue it isn't. Kinda you make your own bed as far as I'm concerned. But i definitely get mad af when I'm stuck behind these smooth brains at the convenience store when im just trying to buy a drink....
How is it a scam? Everybody knows the chances of winning are near zero. That some people still are dumb enough to waste their money doesnt make it a scam, it just shows how stupid people are.
Also, Simon's levels of indignation (and accompanying rants) whenever he thinks someone has been given an inappropriate jail sentence are just hilarious!
Pretty sure that the UK Lottery is taxed at source, so tax is included in the ticket price and the organsisers pay. I seem to remember that it works the same at a bookies, you pay tax on your bet and the winning are tax free.
The fact is that with all lotteries, the lottery is usually split 50/50 between the winner and the government... however, in the USA, the federal government takes a further 40-60% of the lottery winnings
He scammed the lottery, admitted something was wrong, was ignored and was sentenced to more jail time then the man who raped me as a kid. It makes nooo sense.
No, it doesn't. That is what they _claim_ the funds do, and technically they are correct, but once you scrutinize how state governments spend lottery funds, a study showed that all but 2 states either don't increase their funding for education _at all_ , or only _barely_ increase the overall funding given to the areas they'd mentioned. What happens most of the time is that they give the technical amount they say they will, but in the background they simultaneously decrease the funding by the exact same amount, allowing the same amount of money from the lottery fund to be invested into whatever they want because it technically came from somewhere else. However, there are also some states that just flat out _don't_ use the lottery fund for what they said they would at all and don't bother with trying to hide this fact at all because they know that almost no one will check, and even if they do, there's really not much that can be done unless there is large public outcry. Lotteries are also literally gambling, which has been scientifically proven to be addictive in the same way as hard drugs like meth and heroin, and everyone knows poorer people are the most likely to play, so it is literally an intentional tax on the poor to boost the state's slush funds. Do *_NOT_* play your state lotto, it literally encourages state governments to justify immoral behavior in the name of raising funds.
I played the Illinois Win for Life scratch off tickets when I was eighteen. I had played them for nearly a year and was familiar with the rules. I moved to Colorado for four years. I then moved back to Illinois and one day saw that they still had the Win for Life tickets. I bought one and scratched it off and had no matching dollar amounts and a random star. I just thought the star was just for printing purposes to ensure the printer was still lined up or something along those lines. The next week I bought another ticket and put it in my pocket to scratch off on lunch. When pulling it out of my pocket I noticed a star in the instructions and it was then that I realized a star was the jackpot. I had won 40,000 dollars a year for life. The only problem is I threw away the ticket a week earlier and there was no way of finding it.
In the US, lottery prizes are still considered taxable income. Lotteries usually pay about 60% of ticket sales back as prizes and keep 40% for state government operations. Usually it’s suppose to go to schools or some such, but it’s all just a giant government slush fund.
In UK, lottery winnings are not considered income and thus no taxes are applied. The govt make good money from taxing the betting companies and taking a cut from the state run lottery
Lotteries pay out about 60% of ticket sales, but the government doesn't get the other 40%. The company running the lottery gets a cut as well, a rather large cut.
In Denmark, lottery winnings are tax free, but that's because the company running the lottery pays the taxes on the winnings for us. The same goes for scratch tickets.
Ultimately, I think it comes down to marketing. A lottery in the US can advertise a “$30 million“ prize, which is really $1 million per year paid out over 30 years. If you want a lump sum upfront, you get the discounted present value, which is somewhere around $15 million, and then you have to pay income tax, so you end up with about $8 million. But it’s more sexy to advertise a $30 million prize than an $8 million prize, and it’s sexier to advertise a $500 million Powerball prize than a $150 million prize.
Also, in the US, all income is assumed to be taxable unless you can prove otherwise with reference to a specific provision in the tax law. If you find a $20 bill on the street and pick it up, that technically should be reported on your income tax return. So all gambling winnings are taxable by default.
A guy I went to school with won $10 on a scratch off so he bought a $10 scratcher and won 1 Million. Unfortunately he decided to go to the strip club with his friend and wrecked his car on the way home. His friend didn’t survive but he did. Not sure what ever happened to him as this was probably about 20ish years ago.
Lottery funds are supposed to be spent on the school system here in CA, but most of it just ends up getting "reallocated" and "slush fund"ed into some politician's pocketbook. Allegedly.
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As weird as it sounds security prefers people with a non violent criminal record. They assume it means you got that mindset and might catch em sneaking around.
Checks in America are actually pretty convenient now. You just deposit in the ATM and they usually can even read handwriting automatically so you don't even have to type in the amount. You just deposit just like depositing cash.
29:05 not in all of Europe: in Spain, if you win 6 millions, you keep 3.6 millions (there's a 40% tax on big lottery prizes). The sad thing is that there was a time when, of all the lotteries that exist there, some of them (the most important ones) were completely tax exempt on the capital of the prize (interest generated by the capital were taxable, though) and some others had a reduced tax, but everything changed in the early 2000s and now all prizes but the lowest ones (like refunds) are taxable.
Amen, right there with you. If I won that kind of money, it would go in the bank, would continue working and/or, if possible, live a decent comfy life off the interest.
PLEASE do a video on the McDonald's Monopoly game. It's a great story, and it's insane how well that promotion worked for McDonald's. I worked at McDonald's for a while at a relatively low-volume store, and we would be crazy busy while running Monopoly for no other reason than people wanting to play what basically ammounted to the lottery.
In America, banks are required to report cash transactions over $10,000. I'd expect a cash transaction in the neighborhood of $500k would indeed get you a brief visit from the FBI, or maybe the IRS depending. But yes, checks are totally still a thing in the US. When I bought my house in 2012, I had a big fat check from my bank for the amount of the mortgage that I physically had to take to to the title company's office to complete the transaction.
26:08 His real crime was shaking people's faith in the lottery system, thereby impacting the state lottery profits. Truly a most heinous crime worthy of the longest sentences.
Dude.. pdohs and assaulters get sentenced way less time than financial criminals who are not dangerous or a harm to society… it’s infuriating. Another amazing piece by Kevin👏🏻 Everyone else was good too ❤
18:40 As an American, I find it bizarre that Europeans don’t know what checks are. In America, you will still get an actual, physical paycheck if you don’t explicitly set up direct deposit
Here in Australia, you get taxed on any interest on your bank accounts. So assuming someone wins the lottery and deposits the winnings into their bank account, at some point it will get taxed because any interest accrued is basically passive income. If you decided to invest after winning, eg. stock, property or crypto etc. then there are other tax implications on those. So you could never really escape being taxed on your winnings at some point short of cashing it all out and securing/hiding it. But even then, the banking laws here would send up all sorts of red flags if someone wanted to turn large amounts into cash
I don't always buy lottery tickets but when I do....I cry and regret many life choices. 😢😂😢😂😢. The next one is going to be the fortune winner right...?.?.?.?😂😊🙂😐😑😔😟😥😢
"Why did he go to fighty prison?!" made me laugh out loud and everyone I work with thinks I'm crazy. Thankfully, they already thought I was losing my sanity, so it's okay.
“You mean he went to fighting prison?!?” Oh my dear, sweet, innocent Simon…..all jails and prisons are fighting prisons. Even minimum security. Sincerely, your favorite jail nurse
Rocko’s Modern Life. God damn. You know, I came to Simon for facts… was hooked by his rants. And am forever loyal for the references. Some god-tier ones on all the channels.
A coworker's father-in-law has had multiple substantial lottery winnings. My immediate question was, "Yeah, but how much more did he spend on tickets over the years?" In the U.S. we have individual state lotteries (some states don't have them). My state's lottery contributes to education, so I guess that's decent.
As a semi-ex criminal, competency is the number 1 thing that will get you busted. You start put with all these precautions and everything, and they just drop and drop away. Sometimes you want to keep them up, but it just becomes a hassle or theres a time constraint or something, or you over promise and something messes up. But most people just get lazy.
You gotta hate to love the fact that "Roundabout" by Yes became some sort of meme song. 😅 The "time traveler" bit reminded me of *alternative 1955 Biff* . 😀 Y'know, the one who was given the Almanac by a "mysterious man." 🙃 The Mission: Impossible reference made me giggle. 😁
Here in Minnesota, they say that the lottery money goes to supporting the state habitat. But who the heck knows if that is even true! One thing that is true though, is that the poorest county in the state has the highest lottery ticket sales. People have the hope of getting rich without the work
That meowing friend in the background makes for a very interactive experience. I thought one of mine was calling me from behind closed doors, as did the one right next to me.
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I'm not sure the length of this video's introduction was entirely my fault, although I had no idea that Simon ever worked at a news stand!
Also, don't worry: If I win the lottery I'll still be writing scripts
Hi Kevin! It's definitely fact boi's fault.
He rambles a lot! Likes the sound of his own voice.
Thank you for your contributions, Kevin. Hope you’re well my friend
KEVIN!!!! Your scripts are always something to look forward to!
Don't worry, we all know it's Simon's lovable tangents that extend the intros!
I would either be high af and/or driving too fast or petting dogs
Edit: maybe playing music. It's weird Europe doesn't have checks anymore, but also not somehow
Since he told the company directly about the weakness and the company didn't do anything, it should only *BARELY* qualify as fraud and he should have got the lightest sentence possible. IMO, of course.
allegedly
IMO every person who declined to have it looked at or fixed is nearly as guilty of the fraud as he was.
My great aunt and uncle won the lottery back in the early 90's. It was the 2nd year the lottery had launched in our state. After taxes they were left with about $16 million dollars. They didn't fall prey to the "curse of the lottery", invested wisely, and of course retired early (I believe they were in their late 40's when they won). They offered to pay for anyone who wanted to go to college as no one in our family had graduated from college. But I know my aunt and uncle had people writing to them from all over the country saying things like "Jesus told me to write to you..." etc. Lots of crazy and desperate people. But after the win they were still the same humble people they were before and they still are now.
That is quite the feat. Good for them!
In Finland you don't have to declare criminal record. Criminals are often even allowed to work outside of prison or study so that they don't fall outside of society and don't have a weird gap in the CV. On the other hand, there are jobs, where the employer can and has to do a background check, such as certain government jobs and people working with children. The extend of that background check will depend on the job, ie. for people working with kids, their fraud won't show up in the background check.
This makes a lot more sense to be honest!
I would hope white collar crimes get the same treatment depending on the job they might get.
Yeah Finland doesn't have a sweet prison industrial cash cow like we do though
This is because Finland appears to be a decent country! ;) One of the few other places in the world I'd like to live. What's immigration like there?
@@R0bobb1ethe better question is how hard is it to learn Finnish lol I’ve heard it’s a very difficult language to learn
@@R0bobb1eFinnish is one of the hardest languages to learn, it’s totally different from next door Swedish and Russian , so it’s neither Latin, Germanic or Slavic, it’s a Uralic language like Hungarian that comes from a totally different language tree. You have an easier time learning Persian with your knowledge of English than learning Finnish 😂
I want to see the McDonald's Monopoly game! This is, by far, my favorite channel on RUclips. More, please.
I do believe he already covered that.
I want to write about the McDonalds Monopoly game so I hope this video does well!
@@hochibamabinladenhusainefe8191 They did already covered that, just not on this channel but on Simon’s older channel: Today I found out.
@@hochibamabinladenhusainefe8191 But not on BB (I think).
@@ThatWriterKevinlegend how's the basement?
2:45 - Mid roll ads
4:50 - Back to the video
6:00 - Chapter 1 - A harmless joke
11:50 - Chapter 2 - Everyone's favourite cryptid
19:10 - Chapter 3 - They had their chance
27:25 - Chapter 4 - Only in america
In the States the money from the lottery goes to the state. A lot of states say it goes to public schools, which is true, but they then cut other funding from other places that used to go to public schools.
Simon is THE KING of live reads. He never does me dirty, always leaves me wanting more. Masterclass material.
You had me at “Simon is THE KING”
Simon: Can I deposit a check?
Teller: What do you mean you want to deposit a Czech?!
I get a cheque every 2 weeks from my boss
The intros are gold and we love them. Stop hating them, Simon D:
Longer intros.
I like it when Simon complains about the long intros as long as he reads them anyway.
yes we love the intros. I want more intros. Bring back stories about Dannys life too
Here here. It’s a nice pep talk to get us ready for the mind melting stupidity of the people who are obsessively committed to these conspiracy theories, even though they have glaring flaws making them ridiculous and obvious fiction
I used to have a shade-tree mechanic who would change my oil for $10-worth of scratchers (I provided materials). His logic? He was going to spend whatever money he made on scratchers anyway, & this way there was always a chance he'd make thousands on a single oil change. I miss that guy. ✌🏼
Simon, here in South Carolina, the state definitely runs the lottery. A percentage of the revenue goes to education, including scholarships for university and technical college. I once told a friend I was up $30,000 on the lottery. He asked me how. I told him I don't play, and that's how much my kids have gotten in lottery scholarship money. And THAT is the only way to win the lottery!
It pleases me to know that Simon checked with his Czech bank if they take cheques.
😂
Oh. I see what you did there. 😅
IDK what he’d do if he won £6m in the UK lottery (see 28:26)
@@Timthecommenter I think if he went to his bank with a cheque for £6m, they'd find a way to accept it.
Just a quick FYI for Simon. In the UK about half the ticket price to goes to the prize fund, 25% goes to good causes, some goes to the retailer and about 15% of the sale price of the ticket goes to lottery duty (aka a tax). So the winners aren't taxed because the lottery is taxed elsewhere.
I would not be surprised that similar arguments are the reason why lotteries are not taxed in other places too. I remember reading that in Germany the lottery isn't taxed because the government thought that it would be unseemingly to tax the winnings of a lottery you already paid the government to participate in when the first lottery was established after the war.
The thing to remember about the lottery is that mathematically speaking, you have similar odds of winning as you do of being Johnny Depp.
That's not CCTV, that's a trail camera 😂
Simon complains about the length of Kevin's introduction.
Danny: Am I a joke to you?
Imagine winning the lottery in America and suddenly every person you ever met is asking you for money because you can’t keep the fact you won private! That would mess a person up more than the winning probably!
Depends on the state. Some do allow it anonymously.
Exactly why I would claim it through a trust
@@ThatWriterKevin But I think trust ownerships might be public info as well, like real estate ownerships and corporations. Still a very good step, at the very least.
Reminds me of Abraham Shakespeare.
@@davedixon2167 There are law firms that specialize in it. The firm owns the trust and they have to send a lawyer to go take a picture at the lottery office, but who the beneficiary of the trust is gets to be secret.
So, true story...I mean, "allegedly "; right after high school, one of our friends worked his way up to manager of a grocery store. After asking for a few months, he finally started telling us what lotto scratchers had not paid out in a while. So we would drop about 100 between 4 of us and split the cash prizes. We did this for almost 2 years he managed the store. I guess every lime they restock the tickets or every roll has to have a certain amount of winners or something. Not sure. Bu we were walking away with about $1000-2000, 1x a month. Not a great amount, but enough for going out once or twice. Allegedly.
Do you not watch the Casual Criminalist!?
Rule #1: Don't write down your (alleged) crimes.
Ew lots of yank talk
@@tonylarson1134 umm....I said allegedly. Lol
Look up the gambler's fallacy. Past hot or cold streaks are NO indicator of future results. Nobody with a brain will believe your story.
Interesting alleged story
I appreciate the time travelers advice from Simon lol
I would love to hear about the McDonalds Monopoly game. Tbh, I could listen to you talk about anything
Yeah that’s brilliant
Hopefully this does well because I'd love to write about it!
Sam, my favorite hidden running gag is the Billies! You always get a laugh out of me!
When a major jackpot goes unclaimed until right before the deadline, it hits the news for sure. That's why it gets more scrutiny. There are lots of eyes on it then.
But it's not America that prohibits anonymous lottery winnings, it's a state-by-state thing. In California where I live you generally have to disclose your identity, but it's also acceptable for a trust to claim it without disclosing the beneficiary.
seems like Kevin or Dave write all the scripts these days. did Danny escape or did he finally pass away from being locked away in the basement?
I have the same question. Poor Danny what will he do without his steady supply of basement mushrooms?!
Danny Salter goes by the pseudonym Kevin Jennings nowadays
Kevin and Dave are just personalities Danny plays to keep himself entertained.
Maybe Danny won the lottery and dipped
"Fighty Prison" needs to be a new streaming series.
As a Canadian we also don’t pay taxes on any wins.
The advice for today's Peter for future Peter, so funny.
I'm kinda surprised he didn't use the defense "I told them about this weakness in the system, they ignored it. So to save them public humiliation I showed them it was an issue and they continued to ignore it."
He may have scammed the lottery, but the lottery is itself a scam so it kinda balances out.
But the lottery is the governments scam so you're not allowed to scam it.
Tax on the poor as fact boi would say
The lottery is most certainly a scam. HOWEVER, I've never seen the state argue it isn't. Kinda you make your own bed as far as I'm concerned. But i definitely get mad af when I'm stuck behind these smooth brains at the convenience store when im just trying to buy a drink....
@@MrMancreatedgodwhy? They're entitled to make purchases. Maybe you need to learn patience
How is it a scam? Everybody knows the chances of winning are near zero. That some people still are dumb enough to waste their money doesnt make it a scam, it just shows how stupid people are.
Please do the McDonalds scam. It's a great story. I can't wait to see Simon giddy as a kid reading that one!
The man who scammed the monopoly game was pretty hardcore
Also, Simon's levels of indignation (and accompanying rants) whenever he thinks someone has been given an inappropriate jail sentence are just hilarious!
Danny Kevin and Dave need to have a competition to see who is the first that can make a script that's completely intro without Simon noticing
Scammers hiring scammers. They deserve each other.
Pretty sure that the UK Lottery is taxed at source, so tax is included in the ticket price and the organsisers pay. I seem to remember that it works the same at a bookies, you pay tax on your bet and the winning are tax free.
Wrote down the advice. Thank you Simon. Now I just need to figure out how to time travel 🤔 14:51
The fact is that with all lotteries, the lottery is usually split 50/50 between the winner and the government... however, in the USA, the federal government takes a further 40-60% of the lottery winnings
The McDonalds thing is fucking wild, I hope this does well too.
He scammed the lottery, admitted something was wrong, was ignored and was sentenced to more jail time then the man who raped me as a kid. It makes nooo sense.
In the state of Georgia, the lottery money pays for education scholarships and grants, as well as the state funded pre-kindergarten classes.
No, it doesn't. That is what they _claim_ the funds do, and technically they are correct, but once you scrutinize how state governments spend lottery funds, a study showed that all but 2 states either don't increase their funding for education _at all_ , or only _barely_ increase the overall funding given to the areas they'd mentioned. What happens most of the time is that they give the technical amount they say they will, but in the background they simultaneously decrease the funding by the exact same amount, allowing the same amount of money from the lottery fund to be invested into whatever they want because it technically came from somewhere else. However, there are also some states that just flat out _don't_ use the lottery fund for what they said they would at all and don't bother with trying to hide this fact at all because they know that almost no one will check, and even if they do, there's really not much that can be done unless there is large public outcry. Lotteries are also literally gambling, which has been scientifically proven to be addictive in the same way as hard drugs like meth and heroin, and everyone knows poorer people are the most likely to play, so it is literally an intentional tax on the poor to boost the state's slush funds.
Do *_NOT_* play your state lotto, it literally encourages state governments to justify immoral behavior in the name of raising funds.
The effing "A new foe has appeared! Tangent approaching" kills me everytime 😂
I played the Illinois Win for Life scratch off tickets when I was eighteen. I had played them for nearly a year and was familiar with the rules. I moved to Colorado for four years. I then moved back to Illinois and one day saw that they still had the Win for Life tickets. I bought one and scratched it off and had no matching dollar amounts and a random star. I just thought the star was just for printing purposes to ensure the printer was still lined up or something along those lines. The next week I bought another ticket and put it in my pocket to scratch off on lunch. When pulling it out of my pocket I noticed a star in the instructions and it was then that I realized a star was the jackpot. I had won 40,000 dollars a year for life. The only problem is I threw away the ticket a week earlier and there was no way of finding it.
That macdonalds story is mental, I’m hoping this video does well
In the US, lottery prizes are still considered taxable income. Lotteries usually pay about 60% of ticket sales back as prizes and keep 40% for state government operations. Usually it’s suppose to go to schools or some such, but it’s all just a giant government slush fund.
In UK, lottery winnings are not considered income and thus no taxes are applied. The govt make good money from taxing the betting companies and taking a cut from the state run lottery
Lotteries pay out about 60% of ticket sales, but the government doesn't get the other 40%. The company running the lottery gets a cut as well, a rather large cut.
In Denmark, lottery winnings are tax free, but that's because the company running the lottery pays the taxes on the winnings for us. The same goes for scratch tickets.
Ultimately, I think it comes down to marketing. A lottery in the US can advertise a “$30 million“ prize, which is really $1 million per year paid out over 30 years. If you want a lump sum upfront, you get the discounted present value, which is somewhere around $15 million, and then you have to pay income tax, so you end up with about $8 million. But it’s more sexy to advertise a $30 million prize than an $8 million prize, and it’s sexier to advertise a $500 million Powerball prize than a $150 million prize.
Also, in the US, all income is assumed to be taxable unless you can prove otherwise with reference to a specific provision in the tax law. If you find a $20 bill on the street and pick it up, that technically should be reported on your income tax return. So all gambling winnings are taxable by default.
A guy I went to school with won $10 on a scratch off so he bought a $10 scratcher and won 1 Million. Unfortunately he decided to go to the strip club with his friend and wrecked his car on the way home. His friend didn’t survive but he did. Not sure what ever happened to him as this was probably about 20ish years ago.
32:17 love the Stachey’s pizza shoutout. Used to go to the one in North Andover all the time
Lottery funds are supposed to be spent on the school system here in CA, but most of it just ends up getting "reallocated" and "slush fund"ed into some politician's pocketbook.
Allegedly.
TN could put everyone through college with ours but they keep changing the rules of the scholarship for some reason.
@@TheNaldiin Because if that money was used as its supposed to be, the senators and governor wouldnt have as many nice vacations or luxury cars.
@@Im-Not-a-Dog fully aware we rank worse than several military juntas in terms of corruption indexs.
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Simon dont you know that money is more important than people in the justice system lol
"fighty prison" hahaha , thats gonna be my new word for state prison... lol (thank you Kevin for finding all these bat sh** crazy stories )
You’d have thought it’d be club fed right?
Very welcome!
As weird as it sounds security prefers people with a non violent criminal record. They assume it means you got that mindset and might catch em sneaking around.
Yes, please give us more absurd scams or schemes! The mcd one sounds like a Great place to start! These are hilarious to watch you reacting to.
To be fair to Kevin, I'm pretty sure that the introduction was 20 percent Kevin's words and 80 percent tangent.
As an Iowan, I'm obligated to say that the hiring managers for the Iowa lottery are not a representation of the rest of us 😅
THIS!
True that.
I ❤ Simon's tangents. It's the main reason I'm here. Thanks Simon.
Checks in America are actually pretty convenient now. You just deposit in the ATM and they usually can even read handwriting automatically so you don't even have to type in the amount. You just deposit just like depositing cash.
But imagine if regular-ass inter-bank wire transfers were instant and had no fees.
That's Europe.
Non-American banks: "a check? Wtf is a check? Absolutely not. No."
England: "you won the lottery, here's a *check*"
29:05 not in all of Europe: in Spain, if you win 6 millions, you keep 3.6 millions (there's a 40% tax on big lottery prizes). The sad thing is that there was a time when, of all the lotteries that exist there, some of them (the most important ones) were completely tax exempt on the capital of the prize (interest generated by the capital were taxable, though) and some others had a reduced tax, but everything changed in the early 2000s and now all prizes but the lowest ones (like refunds) are taxable.
This one was great. Definitely want to see a Brain Blaze about The McDonald’s Monopoly game, I think the format is perfect for it.
You did the McDonald’s lottery on today I found out. That’s how I discovered you years and years ago. I love that story!!
Simon, give us the McDonalds Monopoly video.
Amen, right there with you. If I won that kind of money, it would go in the bank, would continue working and/or, if possible, live a decent comfy life off the interest.
I work for a prominent lottery company. There is a reason i'm not allowed to play the lottery.
PLEASE do a video on the McDonald's Monopoly game. It's a great story, and it's insane how well that promotion worked for McDonald's. I worked at McDonald's for a while at a relatively low-volume store, and we would be crazy busy while running Monopoly for no other reason than people wanting to play what basically ammounted to the lottery.
In America, banks are required to report cash transactions over $10,000. I'd expect a cash transaction in the neighborhood of $500k would indeed get you a brief visit from the FBI, or maybe the IRS depending.
But yes, checks are totally still a thing in the US. When I bought my house in 2012, I had a big fat check from my bank for the amount of the mortgage that I physically had to take to to the title company's office to complete the transaction.
26:08 His real crime was shaking people's faith in the lottery system, thereby impacting the state lottery profits. Truly a most heinous crime worthy of the longest sentences.
This seems absurd. Simon, finally starting to understand the United States of America
You worked in a News Agents? Wow. Who would have known 😂😂😂
Sam I am absolutely LOVING the Jojos references, I know you've been doing them for a while but I gotta say I love it please keep it up
Dude.. pdohs and assaulters get sentenced way less time than financial criminals who are not dangerous or a harm to society… it’s infuriating.
Another amazing piece by Kevin👏🏻
Everyone else was good too ❤
To be fair, that depends entirely on the tax bracket. Scam half a mil? Straight to jail. Scam hundreds of millions? House arrest in your mansion.
Ahhh the irony of Ridge doing an ad spot about their sweepstakes in a video about how lotteries are a scam.
The fancier the advert gets, the more overpriced the product must be to pay for the adverts.
Kevin, do NOT make your intros shorter. Not only are they entertaining but Simon losing his mind over their length makes my day. 🤣
Lottery in a lot of places is taxed on tickets, not winnings. It's why jackpots in theses areas are smaller, but you don't get taxed if you win.
18:40 As an American, I find it bizarre that Europeans don’t know what checks are. In America, you will still get an actual, physical paycheck if you don’t explicitly set up direct deposit
irony is having an AD that is for a lottery when shitting in lotteries :D
The sponsor of the video was ridge wallets, so if that happened it's RUclips being ironic
Here in Australia, you get taxed on any interest on your bank accounts. So assuming someone wins the lottery and deposits the winnings into their bank account, at some point it will get taxed because any interest accrued is basically passive income. If you decided to invest after winning, eg. stock, property or crypto etc. then there are other tax implications on those.
So you could never really escape being taxed on your winnings at some point short of cashing it all out and securing/hiding it. But even then, the banking laws here would send up all sorts of red flags if someone wanted to turn large amounts into cash
South African here. We don't use cheque's either. I don't think I've ever written one and I'm on that wrong side of 30
I don't always buy lottery tickets but when I do....I cry and regret many life choices. 😢😂😢😂😢. The next one is going to be the fortune winner right...?.?.?.?😂😊🙂😐😑😔😟😥😢
I love that they accept checks in the Czech Republic.
I need a video on the monopoly game!
"Why did he go to fighty prison?!" made me laugh out loud and everyone I work with thinks I'm crazy. Thankfully, they already thought I was losing my sanity, so it's okay.
Do it. Do the McDonald's monopoly lottery
“You mean he went to fighting prison?!?” Oh my dear, sweet, innocent Simon…..all jails and prisons are fighting prisons. Even minimum security. Sincerely, your favorite jail nurse
Rocko’s Modern Life. God damn.
You know, I came to Simon for facts… was hooked by his rants.
And am forever loyal for the references.
Some god-tier ones on all the channels.
A coworker's father-in-law has had multiple substantial lottery winnings. My immediate question was, "Yeah, but how much more did he spend on tickets over the years?"
In the U.S. we have individual state lotteries (some states don't have them). My state's lottery contributes to education, so I guess that's decent.
As a semi-ex criminal, competency is the number 1 thing that will get you busted. You start put with all these precautions and everything, and they just drop and drop away. Sometimes you want to keep them up, but it just becomes a hassle or theres a time constraint or something, or you over promise and something messes up. But most people just get lazy.
If he was being overworked, his criminal background being overlooked makes perfect sense. They were desperate for just anyone to fill the role 😅
Please give us the McDonald’s Monopoly game video!
Most first time killers don’t get that amount of time.
Absolutely shameful!
Honourable is an MP. Right Honourable is a member of The Privy Council.
You gotta hate to love the fact that "Roundabout" by Yes became some sort of meme song. 😅
The "time traveler" bit reminded me of *alternative 1955 Biff* . 😀
Y'know, the one who was given the Almanac by a "mysterious man." 🙃
The Mission: Impossible reference made me giggle. 😁
7:25 I was the one who posted the moai emoji! 🗿
Here in Minnesota, they say that the lottery money goes to supporting the state habitat. But who the heck knows if that is even true! One thing that is true though, is that the poorest county in the state has the highest lottery ticket sales. People have the hope of getting rich without the work
Simon: "Czechs don't exist in Europe!"
The Population of Czechia: "Are we a joke to you?"
I always thought the Mr Beast videos were to show that scratchers were a scam.
That meowing friend in the background makes for a very interactive experience. I thought one of mine was calling me from behind closed doors, as did the one right next to me.
FYI, UK Banks can take cheques. In fact if you get a tax refund/rebate from HMRC, they send you a cheque.
I"m 90% sure they already did a brain blaze about the mcdonalds thing lmao
“Scratchies” in Australia 🇦🇺 😅