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by bryanlarsen 4281 days ago
If you bought tickets systematically with a reasonable expectation of making a profit, then the tickets should be tax-deductible as an expense.

Normally lottery tickets aren't tax deductible because of the 'reasonable expectation' test.

1 comments

But this assumes consistent buying in the past, while the original poster's statement assumed one-time buying binge once the jackpot hits the level to make it worthwhile.