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Old 02-10-2012, 06:48   #18
Boeing Guy
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Re: Lottery Winnings

Seeing the Government make 12%in the pound already, if 39 million tickets are sold then £4,680,000 is going in to their coffers already.
Camelot will make £195,000 on the same amount of tickets. Not bad really.

Personally I disagree with taxing winnings, seeing the return to the winners is only 50% of the investment.
Taxing would make it even less attractive to those who play it.
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