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Now, if you find a local restaurant giving away $10,000 or even $1,000 prize – we LOVE THAT.
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If you see a $10,000 prize being given away on somewhere like Publishers Clearing House, which is a well known brand, there’s going to be an incredibly large number of people vying for the prize.
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Our general rule of thumb is that places that are less known by the general public are better. So, where should you be looking to win a grand prize? Everywhere! Well, by everywhere we more or less mean everywhere that others aren’t. Even winners on the price of right are required to pay taxes on the prizes they win! Prize win The Best Places To Win There may be a cash value option of the prize that you can take, which will help if you are tight on money and can’t afford the tax on a new car. It’s not only cash, any prize that you win that is over that amount will require you to pay. What if you win a car or vacation totaling over $600? If you guessed you still have to pay taxes, you would be right. If you win a prize of more than $599 expect to be required to fill out a form and receive a piece of mail coming tax time. While all sweepstakes wins are meant to be reported, you will find that only wins totaling over $600 will be reported to the IRS. Your specific state or country may have different rules on taxes. We all hate taxes, but the government is always looking for their cut. Finding a prize that’s guaranteed worth $1,000 is nice, but if you find one worth $1,000,000 that’s guaranteed – you HAVE TO ENTER FOR IT. One thing to look out for is the sizes of guaranteed prizes. While you’ll only be notified after the drawing date, getting your entries in for these is a must. Guaranteed Grand Prizes. Guaranteed prizes differ from instant wins because someone will definitely win the prize. At any moment you could be holding the winning ticket and be notified you just won so, so, so much money. For a prize of $750,000 your odds might be astronomical, like 1 in 300 million! While those odds may make you weary, think about how many people are entering and think that every ticket has a chance! We love these sweepstakes because they allow you to dream. In the rules, the prize will most likely have the odds listed. If you’re seeing a prize worth $100,000 or more, this prize is probably insured and not guaranteed. These are usually not guaranteed and only last a limited time. Let’s take a look at a few of the possible ways to win grand prizes. Grand Prizes vary on the sizes, odds of winning, entry methods, and more. How do people win grand prizes?Īll grand prizes are different, just like all sweepstakes have different rules and conditions. Does it ever happen? Yes, and it can happen to you at any moment. That dream is the reason we all enter sweepstakes after all. It would change your life so quickly it’s ridiculous to not want it. That amount of money is equal to a lifetime of income. What’s the biggest sweepstakes prize you have ever seen? We have seen prizes over TEN MILLION DOLLARS before. Visualize it, yearn for it, keep it in your dreams, and do everything you can to make it a reality.