Delicious_bass Posted December 20, 2010 Share Posted December 20, 2010 Tis the season of giving and I have some relatives(I suspect some of you do, too) that are fond of giving lottery tickets/scratch games/etc as small gifts/stocking stuffers. I anticipate getting some next weekend and I still have a bunch left from my b-day that I have not scratched off yet. My question: if a person wins a substantial amount of money on something like this, is that person at all obligated to give some of the prize to the giver? I am not talking about $50 or $100. I am talking about a grand or more... So what sayeth ye Huddlers? Are there any obligations when it comes to gifts like this? What would you do/have you done in a case like that? Quote Link to comment Share on other sites More sharing options...
bpwallace49 Posted December 20, 2010 Share Posted December 20, 2010 The money is for the person that won it. If ya really want, then buy them 50 bucks of scratch off tickets as a thanks you . . maybe they will win more? Quote Link to comment Share on other sites More sharing options...
BeeR Posted December 20, 2010 Share Posted December 20, 2010 Touche Quote Link to comment Share on other sites More sharing options...
Lucky11 Posted December 20, 2010 Share Posted December 20, 2010 the rule between my friends and family is that the giver gets 10% on any winner over $100. it's worked ok so far.... Quote Link to comment Share on other sites More sharing options...
chester Posted December 20, 2010 Share Posted December 20, 2010 the rule between my friends and family is that the giver gets 10% on any winner over $100. it's worked ok so far.... That sounds good to me. Even with a jackpot I'd say 10% post tax. I know, not fair as it was a gift, but good will and all. No need to burn bridges over 10% of 'free' money. Quote Link to comment Share on other sites More sharing options...
Kid Cid Posted December 20, 2010 Share Posted December 20, 2010 I'd flip them something. How much would depend on a host of factors, including whether or not I thought they were a-holes. I would not use a blanket 10% YMMV. Quote Link to comment Share on other sites More sharing options...
detlef Posted December 20, 2010 Share Posted December 20, 2010 Seems reasonable. I mean, why not? It's found money to you. All things being equal, it sure would be nice to share the love. Maybe buy dinner that weekend or something. Of course, I might expect wealthy relatives would refuse the gesture from their young nephew who's struggling to make his rent or something like that. Quote Link to comment Share on other sites More sharing options...
Dr. Sacrebleu Posted December 20, 2010 Share Posted December 20, 2010 The money is for the person that won it. If ya really want, then buy them 50 bucks of scratch off tickets as a thanks you . . maybe they will win more? Love that answer. Though realistically I certainly would not apply it. Anything over a thousand dollars, I would give 20% I have in the past given lottery tickets once or twice, but ultimately, let's not kid ourselves, when doing so it's because we have 1) a lack of imagination 2) a hope to vicariously live the excitement of gambling through another person 3) we have given a gift worth very little that we can claim was very very valuable. And in the end it's a little like playng for yourself, but with a pretty crappy pay out (i spent ten dollars and got a 200 dollar return on a prize that was worth a thousand) Quote Link to comment Share on other sites More sharing options...
Hugh 0ne Posted December 20, 2010 Share Posted December 20, 2010 It's the winner's money, plain and simple, unless there was a pre-arranged agreement as mentioned by Lucky11. That being said, if it was a significant amount of cash, I would give the giver a percentage, 10 sounds about right. Quote Link to comment Share on other sites More sharing options...
Savage Beatings Posted December 20, 2010 Share Posted December 20, 2010 If I were the recipient I would probbaly not give back anything under $1000. And anything over $1000 I probably would not give any money, but would take them out for a nice dinner or buy them a nice gift (but no money). In general though, gifts should never be given with any kind of understanding that you get something in return. If you can't give unconditionally, then don't bother. Quote Link to comment Share on other sites More sharing options...
skylive5 Posted December 20, 2010 Share Posted December 20, 2010 I have given lottery tickets as a stocking stuffer before. I have hoped that the person would win something...but I in no way expected anything back if they did no matter how much they won. Not the reason I gave it as a gift. Were it the other way around I would give the person something but that's just me. Quote Link to comment Share on other sites More sharing options...
detlef Posted December 20, 2010 Share Posted December 20, 2010 If I were the recipient I would probbaly not give back anything under $1000. And anything over $1000 I probably would not give any money, but would take them out for a nice dinner or buy them a nice gift (but no money). In general though, gifts should never be given with any kind of understanding that you get something in return. If you can't give unconditionally, then don't bother. Agreed. Nobody should expect money in return. When I said, "fair enough", I really meant to say that would seem like a nice thing to do if you won a bunch of money. However, like you, I'd buy them something with it. Quote Link to comment Share on other sites More sharing options...
Furd Posted December 20, 2010 Share Posted December 20, 2010 Unless its immediate family, I probably wouldn't say anything. If your winnings are that significant, you're probably going to come across as a cheap bastard no matter what you do. You gonna give $100,000 to Aunt Lou if you win a million bucks (much less after taxes) or even $50,000 because she dropped five bucks at the party store? Really? Quote Link to comment Share on other sites More sharing options...
Clubfoothead Posted December 20, 2010 Share Posted December 20, 2010 Mine. Now if it's like a megamillions number and I get 30 million after taxes I'd probably pay off your house and send your kid to college. If it's over a grand you can meet me at Fogo de Chao. Short of that, thanks. Quote Link to comment Share on other sites More sharing options...
Chief Dick Posted December 20, 2010 Share Posted December 20, 2010 I have given lottery tickets as a stocking stuffer before. I have hoped that the person would win something...but I in no way expected anything back if they did no matter how much they won. Not the reason I gave it as a gift. Were it the other way around I would give the person something but that's just me. This. Quote Link to comment Share on other sites More sharing options...
The Holy Roller Posted December 20, 2010 Share Posted December 20, 2010 I have given lottery tickets as a stocking stuffer before. I have hoped that the person would win something...but I in no way expected anything back if they did no matter how much they won. Not the reason I gave it as a gift. Were it the other way around I would give the person something but that's just me. Yup. But if I won something significant I'd give them a bronze bust of me so they could always have a conversation piece for when times got...you know...boring. Quote Link to comment Share on other sites More sharing options...
twiley Posted December 20, 2010 Share Posted December 20, 2010 Depends on the relative. Not sure I'd give anything back if it was my inlaws. Quote Link to comment Share on other sites More sharing options...
Chargerz Posted December 20, 2010 Share Posted December 20, 2010 I have given lottery tickets as a stocking stuffer before. I have hoped that the person would win something...but I in no way expected anything back if they did no matter how much they won. Not the reason I gave it as a gift. My thought exactly. Quote Link to comment Share on other sites More sharing options...
Brentastic Posted December 21, 2010 Share Posted December 21, 2010 Mine. Now if it's like a megamillions number and I get 30 million after taxes I'd probably pay off your house and send your kid to college. If it's over a grand you can meet me at Fogo de Chao. Short of that, thanks. This is me. Love Fogo de Chao too Quote Link to comment Share on other sites More sharing options...
TimC Posted December 22, 2010 Share Posted December 22, 2010 True story. My Grandmother...rest her soul because she was the coolest lady ever...bought everyone stocking stuffer lottery tickets when Virginny first got the lottery back around 1992ish or so. We never got 'em in our stockings and didn't know she had even bought 'em. We found out years later that she was too scared one of us would hit the jackpot and scratched them all off herself. Quote Link to comment Share on other sites More sharing options...
whomper Posted December 23, 2010 Share Posted December 23, 2010 Ill never forget on my 22nd birthday my aunt gave me a pick 3 lottery ticket 022. It hit straight and box. I won a couple of hundred . I ordered them a nice dinner from a local restaurant and had it delivered. They were happy and so was I Quote Link to comment Share on other sites More sharing options...
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