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Most of us only see the media portrayal of the lottery. Lucky winner, lots of cash.
Outside of the bright lights is the true winner: the taxman.

Here is what you need to know.

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Most everyone enjoys dreaming of winning it big in the lottery. News media outlets publicize the large unclaimed pots of money on the evening news and they put a spotlight on the lucky multi-million dollar winners. Ever wonder what the tax math looks like?

The Lottery Wage Drain

The bottom line when seen from a wage stand point is that 75% or more of the income used to play the lottery does not end up in the hands of the winner.