Poll of the Day > The Most you can Win in the CANADIAN LOTTERY is 60 MILLION but it's TAX FREE!!!

(+) Yeah! (+)

In Canada's most played lottery game called "Lotto Max", the most you can ever win is 60 MILLION...and like most lotto corporations down south, you have the option of taking weekly payments to your grand win or a lump sum...however, the difference is in the United States, it ISN'T tax free and should you win the daily double, you will be subjected to the highest tax bracket...but in Canada, it's tax free and you won't be taxed at the highest rate even though you're now a multi millionaire...

Since Canada's is government run, if the jackpot is not claimed in one week, the amount gets carried over until it reaches 60 million..however, if it gets carried over again, that number doesn't change and it stays at 60 million but the money that's carried over will then be put into "maxi-millions". meaning they run 7 numbers AGAIN and if people have tickets that match those 7 numbers, they win a MILLION!!

so for example, if 15 million gets carried over, they do a random set of numbers draw 15 times and people can still win but only a million dollars..this is the fair approach where there can be multi-millionaires if they're lucky enough to match it if they didn't match the big prize..

https://i.ytimg.com/vi/-SwWL5xCzhM/maxresdefault.jpg
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Only 60 million?

Thats chump change

Well, our WCLC has slightly different rules, but that's mostly accurate
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mrduckbear posted...

In Canada's most played lottery game called "Lotto Max", the most you can ever win is 60 MILLION...and like most lotto corporations down south,

But the USA is in the North! #NorthAmerica (At least until that 80 ft tall wall of magical ice is built to keep wild Canadians out of the US.)

mrduckbear posted...

however, the difference is in the United States, it ISN'T tax free and should you win the daily double, you will be subjected to the highest tax bracket...but in Canada, it's tax free and you won't be taxed at the highest rate even though you're now a multi millionaire...

Since Canada's is government run, if the jackpot is not claimed in one week, the amount gets carried over until it reaches 60 million..however, if it gets carried over again, that number doesn't change and it stays at 60 million but the money that's carried over will then be put into "maxi-millions". meaning they run 7 numbers AGAIN and if people have tickets that match those 7 numbers, they win a MILLION!!

That sounds like a kinda awful system, but I guess it cuts down on people wasting money on lotto tickets.

MICHALECOLE posted...

Only 60 million?

Thats chump change

It's even worse than that, tbh -- it's CAD. That means it's around $45m USD.

Lokarin posted...

Well, our WCLC has slightly different rules, but that's mostly accurate

Is it less popular as a result?
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Zeus posted...

Is it less popular as a result?

Technically it's less popular... the WCLC is what western canada gets while the more populated southern ontario gets the main Lotto Max
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Zeus posted...

mrduckbear posted...

In Canada's most played lottery game called "Lotto Max", the most you can ever win is 60 MILLION...and like most lotto corporations down south,

But the USA is in the North! #NorthAmerica (At least until that 80 ft tall wall of magical ice is built to keep wild Canadians out of the US.)

mrduckbear posted...

however, the difference is in the United States, it ISN'T tax free and should you win the daily double, you will be subjected to the highest tax bracket...but in Canada, it's tax free and you won't be taxed at the highest rate even though you're now a multi millionaire...

Since Canada's is government run, if the jackpot is not claimed in one week, the amount gets carried over until it reaches 60 million..however, if it gets carried over again, that number doesn't change and it stays at 60 million but the money that's carried over will then be put into "maxi-millions". meaning they run 7 numbers AGAIN and if people have tickets that match those 7 numbers, they win a MILLION!!

That sounds like a kinda awful system, but I guess it cuts down on people wasting money on lotto tickets.

MICHALECOLE posted...

Only 60 million?

Thats chump change

It's even worse than that, tbh -- it's CAD. That means it's around $45m USD.

Lokarin posted...

Well, our WCLC has slightly different rules, but that's mostly accurate

Is it less popular as a result?

No. Certain people up here spend what little they have on lotto, cigarettes, and alcohol too... What disgusts me the most was this trashy bum won millions of dollars, blew it all, then went back on welfare. I'm sorry, but he should've just been left to freeze to death under a bridge before collecting another cent of government assistance.
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TheCyborgNinja posted...

What disgusts me the most was this trashy bum won millions of dollars, blew it all, then went back on welfare.

Well, it's the kind of shit that happens when people who don't earn money are just given it. It's frustrating but incredibly predictable.

TheCyborgNinja posted...

I'm sorry, but he should've just been left to freeze to death under a bridge before collecting another cent of government assistance.

Damn, that's cold.
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