October 20, 20205 yr Author 11 hours ago, bernorange said: Are these winnings treated differently from interest for taxes? Don’t know. People on the internet claiming that only prize amounts over$600 are reported to you.
October 23, 20205 yr From their FAQ Quote Since the interest isn’t technically “interest” - it’s a “savings bonus” coming from Yotta, As long as you earn less than $600, we don’t report anything. It’s up to you to report the income. If you earn over $600 in a year from Yotta (savings bonus plus prizes) then we are required to report the income you earned to the IRS.
November 2, 20205 yr 4 weeks in with luck index of 50 +/- 5 every week. Looking like 1.47% annual return.
November 3, 20205 yr Author Deposited $1,200 and have won $16. However I’m fairly certain that was due to the referral tickets. Thanks everyone. One criticism that I have with then as a lottery game is that they’re a bit stingy with the medium level rewards: 5k, 1.5k and 1k. The amounts are generous but they are shareable with others so Yotta locks in a worse case scenario for themselves of 7.5k per week for that range of prizes. And it was only a $2.5k payout last week. Last week 17 people hit the $1500 prize but won $88 each. my suggestion to them was a second chance raffle that they if no hits the 5k that week, they randomly pick one person who made a scheduled deposit that week.
November 10, 20205 yr Another $25 depositAnother .15 cent winTotal savings : $2,126..80Still better rate than a normal savings accountSent from my SM-G950U using Tapatalk
November 16, 20205 yr Another $25 depositA new $ 10.10 winTotal savings : $2,161.90Sent from my SM-G950U using Tapatalk
November 16, 20205 yr The wife joined the same time I did and has only won 15 cents twice and 20 cents once. The rest of the weeks a big fat 0
November 16, 20205 yr I won $0.00 this week for the 1st time. It still beats anything I can get at the bank. I'd be worried if the effective interest rate was much higher.
November 17, 20205 yr Author Started out with 1K and set up an auto $50/wk, but decided over the weekend to push more of my emergency savings into it. Seems likely they will pay better than I was getting at Ally or Marcus. .6%. I find my weekly winning attitude is a lot like an A&M team. Feeling good going 2 for 2 on Mon-Tue. Then I have a couple of days where I still match numbers but can't hit 3 on one ticket. Then on Sat-Sun, I win a little bit to make me think next week is the week.
November 20, 20205 yr Author 10 hours ago, Nice Guy Eddie said: Oct: 21% Nov: 1% FYI, the high Oct returns were due to that I only deposited 1K initially and many of you used my referral code to earn me free tickets for a week. My earning dropped significantly when the referral tickets dropped off. But I've offset that somewhat by adding more of my own funds.
November 20, 20205 yr 7 minutes ago, Droopy said: Signed up as well, thanks man! Same I got a bunch of cash sitting around to pay for our home renovation so this seemed like a good option.
November 20, 20205 yr 31 minutes ago, CBT said: oct: 0.96% nov: 1.27% shits rigged yo Beats a savings account
November 26, 20205 yr Author I have my first 3 match ticket after a Wednesday draw. I’m completely convinced the 10m is mine or at least the Tesla. I have about 12 hours left on that dream.
November 26, 20205 yr 7 minutes ago, Nice Guy Eddie said: I have my first 3 match ticket after a Wednesday draw. I’m completely convinced the 10m is mine or at least the Tesla. I have about 12 hours left on that dream. I got one too. Already picking out which boat I want.
November 27, 20205 yr 10 hours ago, TKthunder2 said: I got one too. Already picking out which boat I want. Glad I didn’t make that down payment...
November 30, 20205 yr 3 straight weeks of $0. Ever since I initiated that unlucky recurring deposit...
November 30, 20205 yr Another $25 depositA .70 cents winTotal savings : $2,212.60 Total win $ since first deposit : $12.30
November 30, 20205 yr Author My November APY was 1.39% (or so the app tells me.) Not bad when you can't even find a 5-year CD above 1% at the moment. Even though I'm not hitting the higher prizes, I'm ok with this return.
December 6, 20205 yr Got a 4 number match yesterday. Missed on it today but it says a gotta ball match tomorrow is $47
December 7, 20205 yr Another $25 depositA .60 cents win this weekTotal savings : $2,238.20 I never had fun saving before until this. It's an account off to the side that just slowly adds up.
December 7, 20205 yr 11 minutes ago, Samson's Wig said: Where are you guys seeing your APY? Or are you calculating it yourself? on the bottom of the app its the second icon from the left that looks like a bank
December 14, 20205 yr Author I've also had a lucky month so far at 2.64%. I had a $7 ticket win last week which I think was the largest I've had to date. I also deposited a larger amount this past weekend so maybe the $ winnings will be higher now.
December 21, 20205 yr Another $25 depositA .60 cents win this weekTotal savings : $2,289.45 Dec APY 1.42% Slow and steady. Havent won any big prizes , but its something.
December 22, 20205 yr Last week I had a ticket that matched the first 4 numbers (Monday-Thursday) and didn’t hit a damn thing the rest of the week. $10.55 win Nov 5.35% Dec 5.27%
December 22, 20205 yr 7 hours ago, 3adays said: Last week I had a ticket that matched the first 4 numbers (Monday-Thursday) and didn’t hit a damn thing the rest of the week. $10.55 win Nov 5.35% Dec 5.27% damn, you are doing better than I am. wife hasnt won shit over the last several weeks, says its rigged
December 22, 20205 yr I haven’t won Jack shit either. I won $.36 so far. My real savings is in an online high yield and I don’t see a big reason to make a switch over just yet.
December 22, 20205 yr 38 minutes ago, Johnny Chimpo said: I haven’t won Jack shit either. I won $.36 so far. My real savings is in an online high yield and I don’t see a big reason to make a switch over just yet. Where and what rate?
December 22, 20205 yr Author 2 hours ago, nineliveslost said: damn, you are doing better than I am. wife hasnt won shit over the last several weeks, says its rigged 1 hour ago, Johnny Chimpo said: I haven’t won Jack shit either. I won $.36 so far. My real savings is in an online high yield and I don’t see a big reason to make a switch over just yet. How much do you have in Yotta? If you have a low amount, your variability in wins is going to be high, with it being low on most weeks. I have 20k there, and I'm seeing a consistent, boring 1.5%. But I still see weekly swings. If someone has $500, they will most likely have weeks of $0 since they only have 10 tickets. I'm sure some online math whiz has figured out what is the minimum # of tickets to hit the median win %.
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.