Euromillions

IAMAMORON

FitzShane wrote: »

And so what is the difference between that and lets just say for example my wife spending money from our joint account after I won the lotto as a sole winner and put it into our joint bank account?

Absolutely no difference, and apologies for sounding like a wanker in my response. My point is that opening a bank account makes no legal difference when it comes to creating a tax liability. The money gets taxed no matter where it is. It is the distribution of the money that gets taxed, not the physicality of how it is distributed.

Apols again if I sounded like a chunt earlier, I didn't mean to.

dennyire

FitzShane wrote: »

And so what is the difference between that and lets just say for example my wife spending money from our joint account after I won the lotto as a sole winner and put it into our joint bank account?

No CAT on gifts to spouse

facehugger99

I'm sure there are plenty of tax-efficient ways of transferring money to relatives that avoid CAT or at least significantly reduce the amount of CAT payable.


€160m will buy you the very best in financial advice.

Badly Drunk Boy

cichlid child wrote: »

I wonder how syndicates work when playing Euromillions online?
No signature just an email address.

I was wondering about that before but early last year, I won about €2000 on the Lotto online, and because it was over a certain amount (possibly €750), they don't put the winnings into your account. They send you a letter, asking to fill out a form to send back to them declaring your win, I suppose.

A few days after I sent the form back, a cheque arrived in the post. I presume some elements would be the same, except you could get your 'syndicate' to sign the form.

randd1

Give everyone you want a "loan" of however much you want. Have them pay you back under €3000 grand a year.

Revenue can't do anything about it as technically the person you gave the money to is showing intent of paying it back. There's something about the €3000 mark as well, I think it's the maximum that doesn't incur charges, but you'd have to look that part up.

But definitely, Revenue can't touch the money if you're "paying" it back.

IAMAMORON

€ 3,000 is the annual gift exemption from an immediate relative. So if your Daddy gives you € 60 euro a week drinking money it is tax free.

It only exists from parent to child as far as I know.

Wheety

IAMAMORON wrote: »

€ 3,000 is the annual gift exemption from an immediate relative. So if your Daddy gives you € 60 euro a week drinking money it is tax free.

It only exists from parent to child as far as I know.

That's the gift allowance from anybody (including from parent to child). Anyone can pay anyone else €3k a year and it doesn't affect the lifetime limits. If I won the lotto, I can give any amount to my wife tax free. We could both then pay everyone we know €6k between us every year with no tax implications.

IAMAMORON

IAMAMORON wrote: »

Says who ?

Is there a special signing section on the ticket?

What if I produce a signed affidavit saying otherwise?

Yes, there is a special section on the ticket where you sign it.

dxhound2005

The dream is still on. No winner tonight of €164 million jackpot. I think I might opt out for next Tuesday. I don't want to be kidnapped.

4068ac1elhodqr

1/2 a Gazillion or so on Top-up Tuesday would make for a fairly decent weekend, then back to the gindstone the following Monday.


Possibly the biggest jackpot of the year so far.

Capt'n Midnight

IAMAMORON wrote: »

€ 3,000 is the annual gift exemption from an immediate relative. So if your Daddy gives you € 60 euro a week drinking money it is tax free.

It only exists from parent to child as far as I know.

Or if you are rich you get an accountant to set up a fake company in the Channel Islands or somesuch that lends out the money and then they can pay it back in small instalments using some of the money.

IIRC a loan isn't income.

dxhound2005

€175 million jackpot, but still no winner.

dxhound2005

Still no winner on 20 Sept, after 18 draws. This is what happens next.

If the jackpot reaches the €190 million cap, all funds from ticket sales that would have pushed the top prize higher are rolled down into the next winning tier. The jackpot can roll over four more times, but if there is still no jackpot winner in the final draw - the fifth successive draw when the jackpot is €190 million - the full amount is split between the winners in the next tier. This potentially means that a number of multimillionaires can be made in a single draw.

dxhound2005

Still no winner. Three with 5 + 1 got €5m each, none in Ireland.

Boscoirl

I got €5

4068ac1elhodqr

Another rollover?

Back to the drawing board. After x5 'max-prize roll-overs', think it gets dispersed (rolldown) to all and any whoever gets 5+1.
So a handful might get around 40mill each, decent enough.

Quantum Erasure

dxhound2005 wrote: »

Still no winner. Three with 5 + 1 got €5m each, none in Ireland.

i thought the jackpot was shared if not won tonight... i'm after spending a fortune on tickets

dxhound2005

Quantum Erasure wrote: »

i thought the jackpot was shared if not won tonight... i'm after spending a fortune on tickets

Read post #114.

4068ac1elhodqr

Quantum Erasure wrote: »

i thought the jackpot was shared if not won tonight... i'm after spending a fortune on tickets

A heavy investment in a 139,838,160/1 risk (subject to division), simply isn't advised.

Even at 190m the 'cost:reward' ratio is skewed.

Should only view this even as a lucky-dip entertainment event, even when I'm availing of a decade of hard data, various prediction methodology, other non-quantitive techniques, and the more practical LOLNs for P+ of <5%circa it will be 5lines max purchase.

dxhound2005

No winner of the €190 million. Four with 5 + 1 got €4.7 million each, none of them in Ireland.

4068ac1elhodqr

In total there were 55,199,552 entries into this draw from all participating countries.

Standby for 'rolldown' on Tues 8th Oct, assuming three or more 4x balls keep showing up, week after week.

snowgal

Fisher Shallow Missionary wrote: »

In total there were 55,199,552 entries into this draw from all participating countries.

Standby for 'rolldown' on Tues 8th Oct, assuming three or more 4x balls keep showing up, week after week.

Sorry can you explain this, I don’t understand, cheers

PennyWiseClown

Just shows what an utter waste of money this is, hundreds of millions playing each week and no one winning the jackpot, despite probability wise it should have been won by now.

put your €208 a year toward something else.
Childs education maybe ?

4068ac1elhodqr

snowgal wrote: »

Sorry can you explain this, I don’t understand, cheers

If balls such as 40,41,42... keep coming out, the jackpot won't be won. After 5 max-capped jackpots of €190m it's forced to rolldown, so having 5+1stars will net an estimated 40mill or so.

4068ac1elhodqr

PennyWiseClown wrote: »

Just shows what an utter waste of money this is, hundreds of millions playing each week and no one winning the jackpot, despite probability wise it should have been won by now.
put your €208 a year toward something else.
Childs education maybe ?

Yes and estimated 100m tickets are sold weekly, with odds of 130m/1.
Problem is the on-going 4x saturation is on the upper extreme end of the bell curve, and has been voiding all common birthday range arrays.

Personally am up about 1,500 so far this year, after a calculated hotpick trio win, and also won bunches of doubles last year.
Only bother with the full price ticket on these very high rollovers. Otherwise it's just two or three low-price hotpicks. The coming rolldown in Oct may represent very high EV and is unlikely to be repeated.

On the plus side taxes are collected from tickets, some may go to good causes and math educators often use lotteries as study examples for probability, stats and so on. Education itself is pretty much free these days anyway thanks to growing free eLearning resources.

All Lottos should only ever be considered as light entertainment and any spending on them should be very minimal <0.5% net. Would like to see any type of smoking - face an outright total global ban, before something such a simple lottery.

StupidLikeAFox

Fisher Shallow Missionary wrote: »

Personally am up about 1,500 so far this year, after a calculated hotpick trio win, and also won bunches of doubles last year.
Only bother with the full price ticket on these very high rollovers. Otherwise it's just two or three low-price hotpicks. The coming rolldown in Oct may represent very high EV and is unlikely to be repeated.

Can you explain what a hotpick is?

4068ac1elhodqr

StupidLikeAFox wrote: »

Can you explain what a hotpick is?

Based on a similar principle to camelots own 'hotpick' thing across the water: https://www.national-lottery.co.uk/games/euromillions-hotpicks/about-euromillions-hotpicks equates to bigger prizes for fewer numbers and for less cost.

AFAIK it's the only lotto that offers a solid 1m for 5/50 for 1.50 cost. Odds 2m/1 for prize of 1m, which may eqautes out slightly using various methodologies.

Local bookies offer this and often at even better odds than above, perhaps though with some max payout limits. One other risk is that something like having the wrong date or unclear writing an a slip could void it. On the plus side, tiny stakes can be used e.g. 0.10.

Again should only ever be viewed as light entertainment, if you really want to get rich: become a Plumber/Plasterer, learn Ruby/Go/ObjC or knock in a few years at med school to beome a Consultant 3DP Orthopedic Surgeon.

AlphabetCards

Fisher Shallow Missionary wrote: »

Based on a similar principle to camelots own 'hotpick' thing across the water: https://www.national-lottery.co.uk/games/euromillions-hotpicks/about-euromillions-hotpicks equates to bigger prizes for fewer numbers and for less cost.

AFAIK it's the only lotto that offers a solid 1m for 5/50 for 1.50 cost. Odds 2m/1 for prize of 1m, which may eqautes out slightly using various methodologies.

Local bookies offer this and often at even better odds than above, perhaps though with some max payout limits. One other risk is that something like having the wrong date or unclear writing an a slip could void it. On the plus side, tiny stakes can be used e.g. 0.10.

Again should only ever be viewed as light entertainment, if you really want to get rich: become a Plumber/Plasterer, learn Ruby/Go/ObjC or knock in a few years at med school to beome a Consultant 3DP Orthopedic Surgeon.

You are the poster AH needs!

cj maxx

I'm like an anti christ
Rockin thought I did it the app but didn't press buy now

dxhound2005

Still no winner of the €190 million. Seven with 5 + 1 got nearly €2.3 million each, none of them in Ireland.

dxhound2005

No winner. Eight, including one from Ireland got €2.5 million each for 5 + 1.

Harry Palmr

Is that the cascade effect over or does it continue?

4068ac1elhodqr

Tue is the capped (forced) rolldown, if less than a dozen 5+1, they'll get about x10 what they did tonight.
However if the birthday balls come up instead of the 4x's, could see 15-20 of the secondary, or likely a straight 5+2 jackpot.

The ideal scenario would be zero top end wins, and everyone with 4*/* or 5 gets a good few wads on Euro-mills, before it's becomes Euro-ills with a pending global recession and brexitious.
Top tip: Don't buy a ticket in Switzerland (if over topping up the aul accounts) and la chocolate, they slap (levy) 35% tax on any winnings over CHF1 million.

dxhound2005

Fisher Shallow Missionary wrote: »

Tue is the capped (forced) rolldown, if less than a dozen 5+1, they'll get about x10 what they did tonight.
However if the birthday balls come up instead of the 4x's, could see 15-20 of the secondary, or likely a straight 5+2 jackpot.

The ideal scenario would be zero top end wins, and everyone with 4*/* or 5 gets a good few wads on Euro-mills, before it's becomes Euro-ills with a pending global recession and brexitious.
Top tip: Don't buy a ticket in Switzerland (if over topping up the aul accounts) and la chocolate, they slap (levy) 35% tax on any winnings over CHF1 million.

I was talking to someone about it at the game in Oriel Park tonight. He said that Portugal taxes the winnings. Next Tuesday is my birthday, so I expect they have been holding back the money just for me.

AllForIt

Can't believe I haven't won it AGAIN! That's 15 years in a row I haven't won it. Jeez.

dxhound2005

One winner got the €190 million. Not in Ireland. Four with 5 + 1 got over €5 million each, none of them in Ireland.

Atlantic Dawn

dxhound2005 wrote: »

One winner got the €190 million. Not in Ireland. Four with 5 + 1 got over €5 million each, none of them in Ireland.

A poor Irish performance, we need to take it more seriously next time.

ednwireland

borrocks

eqwjewoiujqorj

What a joke that was.

Only 5 people won a life changing amount, and only 105 won over 1k - that's for 9 countries / over 200m population.

Top prize for Ireland was €3.8k

Nearly 3 million people won €4, including me!

Someone did win the 500k in the Ireland only draw though.

SEPT 23 1989

Joke alright

Did 3 Irish not win 500k last Saturday

callaway92

Birthday numbers doing quite well there, so a bit surprised there wasn’t more success

dxhound2005

callaway92 wrote: »

Birthday numbers doing quite well there, so a bit surprised there wasn’t more success

I think the theory is that if only birthday numbers come up, there will be lots of winners. There were three or four birthday numbers in a lot of the draws with no winner.

niallo27

Cant log into app or website. Anyone else the same.

IvySlayer

Won something but can't check because they are down for maintenance

dxhound2005

Maintenance Notification
Due to scheduled maintenance we are currently offline. We will be restoring regular service as soon as possible.

cj maxx

Did they say where the winner is ?

voldejoie

App isn't working but the numbers are up on Aertel.

Apparently the jackpot was won in the UK.

dxhound2005

Could be in the North, like a very big winner a while back.

IamMetaldave

dxhound2005 wrote: »

Maintenance Notification
Due to scheduled maintenance we are currently offline. We will be restoring regular service as soon as possible.

Brutal timing!

_Kaiser_

Won something as well (two draws in a row) but I'm guessing just 4 quid. Was a fiver on Friday.