Mass Millions Won

Reply #9

Jake649 — Tue, 16 Mar 2004 17:35:11 GMT

Quote: Originally posted by LottoBuddy on March 16, 2004Jake, you have previously calculated the expected payouts for Mass Millions. At what jackpot amount did the expected payout become greater than 1, taking into account the annuity and about 32% in taxes? Is there any other lottery approaching a positive expected return?LottoBuddy,I started working on the formula and could not stop.I produced the following chart for the 649 lottery (includes Mass Millions). The first column is the number of... [ More ]

Reply #8

Jake649 — Tue, 16 Mar 2004 13:36:20 GMT

LottoBuddy,Give me a couple of days to get back to you on your questions.As for the season tickets for the Mass lottery for non-residents, that really surprises me. I am working on another story related to that thread.Good luck,Jake

Reply #7

LottoBuddy — Tue, 16 Mar 2004 05:37:05 GMT

Quote: Originally posted by Jake649 on March 12, 2004Lottery opportunities like this come by very seldom.I had devised a lottery pool scheme to use in cases where it is profitable to try to buy all of the available tickets.Jake, you have previously calculated the expected payouts for Mass Millions. At what jackpot amount did the expected payout become greater than 1, taking into account the annuity and about 32% in taxes? Is there any other lottery approaching a positive expected return?When I... [ More ]

Reply #6

Jake649 — Sun, 14 Mar 2004 11:06:53 GMT

Quote: Originally posted by RJOh on March 12, 2004According to tg636's post https://www.lotterypost.com/thread/82616 the jackpot had not been won in over two years, how long does it take for you to buy a ticket?RJOhRJOh,I was waiting for next month when a friend of mine was planning to visit Boston. (By the way, your sarcasm is unnecessary.)Good luck,Jake

Reply #5

prob987 — Sat, 13 Mar 2004 15:29:32 GMT

Quote: Originally posted by twisted on March 13, 2004Quote: Originally posted by CASH Only on March 12, 2004Aren't you glad it wasn't you, having to receive the prize through an annuity?CASH Only, I would rather receive annuity paments than not receive any payments at all.I'd have to agree with this sentiment.

Reply #4

twisted — Sat, 13 Mar 2004 14:28:56 GMT

Quote: Originally posted by CASH Only on March 12, 2004Aren't you glad it wasn't you, having to receive the prize through an annuity?CASH Only, I would rather receive annuity paments than not receive any payments at all.

Reply #3

CASH Only — Fri, 12 Mar 2004 20:07:32 GMT

First hit since 6/24/2002...just 2 1/2 months after Hot Lotto began...

Reply #2

RJOh — Fri, 12 Mar 2004 19:24:19 GMT

Quote: Originally posted by Jake649 on March 12, 2004Darm, the Mass Millions jackpot was won. I was hoping to get a chance to buy some tickets before the jackpot was won. Lottery opportunities like this come by very seldom. According to tg636's post https://www.lotterypost.com/thread/82616 the jackpot had not been won in over two years, how long does it take for you to buy a ticket?RJOh

Reply #1

CASH Only — Fri, 12 Mar 2004 19:11:05 GMT

Aren't you glad it wasn't you, having to receive the prize through an annuity

Mass Millions Won

Jake649 — Fri, 12 Mar 2004 16:54:27 GMT

Darm, the Mass Millions jackpot was won. I was hoping to get a chance to buy some tickets before the jackpot was won. Lottery opportunities like this come by very seldom.I had devised a lottery pool scheme to use in cases where it is profitable to try to buy all of the available tickets. If I get the time, I will write the scheme down in detail and post here.Good luck,Jake