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Winning the lottery… to lose money?

5/19/2015

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By Jonathan Nehring | Disclaimer
The latest batch of top basketball talent will be watching ping pong balls drop tonight to see where they could end up in June’s NBA Draft. While the draft order is uncertain, one thing is for sure – these rookies will face a very taxing start to their career. Of the teams with the highest odds to land a lottery pick, many of those teams reside in states with some of the country’s highest state tax rates.  

Below is a table (click image to enlarge) combining the odds of each team getting each lottery draft pick (put together by Brett Pollakoff of Pro Basketball Talk) with the top income tax rates that rookie would pay on all home games for that team and how that team’s tax burden ranks compared to all other NBA teams. In regards to the “Team Tax Rank”, because multiple teams reside in various states, the worst possible ranking is 23.

If career earnings is your main goal, it appears future NBA hopefuls may want to avoid being a top pick in the 2015 NBA draft.  
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NOTE: It is possible the 76ers could get the Lakers pick if the Lakers pick is 6th or 7th, and the 76ers could also end up with Heat's pick if it is lower than the 10th pick.
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