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TattsLotto is a weekly lottery game played on Saturday nights in Australia, known as Saturday Lotto in New South Wales, South Australia and Western Australia, and Gold Lotto in Queensland. It was the first European-format "lotto" style lottery in Australia.
Powerball is a lottery operated by Tatts Group under the master brand, the Lott and its licensed subsidiaries including New South Wales Lotteries in New South Wales and the Australian Capital Territory, Tattersalls in Victoria and Tasmania, Golden Casket in Queensland, and South Australian Lotteries in South Australia.
The first Tattslotto draw, with the first prize of A$50,000, was on 24 June 1972, televised on HSV-7 Melbourne. Tattslotto, which was the first of its type in Australia, was originally based on the European style 6-from-49 lotteries, where six numbers are selected from 40 in a standard game.
You will need to claim your winnings on your tax return for that year. The prize is considered taxable income and will be taxed accordingly. Be ready, as the prize money will likely push you into ...
The winner has one year to come forward and claim their winnings before losing the money. Curiously, over the years many millions of dollars in lottery winnings have never been claimed. Reports ...
Secure your winning ticket. Lottery officials advise signing your ticket. You hit the lotto! Sure, go ahead and crack open the Dom Perignon. But follow these steps before you start collecting ...
It is known elsewhere in Australia as Tattslotto or Gold Lotto. The Monday & Wednesday Lotto draws are run by NSW Lotteries and are available across Australia except Queensland. Although the draws are played identically, all requiring players to select six numbers from a possible 45, Saturday Lotto/Tattslotto is more expensive to enter due to ...
The tax rate on lottery winnings varies by state. We wish there was a simple answer to this question, but in reality, it depends. How Are Lottery Winnings Taxed in Your State?