Are online lottery services scams?
I’m sure there are some that actually work out there. But just as many that are scams. The ones I’ve seen that look legitimate still seem like a rip off. If you live in the UK, you have access to one of the best lotteries in the world. The odds are nice and low (about 14m-1) and the prizes are in pounds, and are tax free. The US for example, has both Powerball and Mega Millions that you could feasibly play though a service. However, both these lotteries are over 140m-1 odds of winning. So even if the prize is say $150m, that’s not the whole story. First off, in America they lie about the prize for marketing purposes. The real prize in this example would be $5,755,000 per year for 26 years. And the government is going to take at least 35% off you in taxes before you even get your money. So suddenly $150m becomes $1.92m a year (or £1.08m). Still nice money, but keep in mind that the jackpot typically starts at one tenth of that amount and builds up over time. If you won a non-rollover ja
