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Lottery jackpots may get biggerReply
I doubt we'll see very many, if any, billion dollar jackpots. The odds of a rollover in the last jackpot were about 66% (Poisson distribution randomized calculation). The odds of it getting to $336 million were lower than this. The odds of rollovers decrease as sales increase, but even if three more drawings had the same level as the last, we would have had barely a 25% chance of reaching one billion beginning with a $325 million jackpot. By the way the expectation value on this last jackpot
Feb 14, 2012, 11:12 am - Prob988 - Lottery News

$336 million Powerball ticket sold at R.I. supermarketReply
It is their business alone as to what they do with their lottery prize! Every time a wealthy person spends their money, no matter whether on something modest, or on something considered ostentatious, they are helping to keep someone employed !!!!!!!!!!!!!!! That is how the free market Spreads the Wealth .............. Grow Jackpots ............... GROW!
Feb 13, 2012, 5:07 pm - dpoly1 - Lottery News

$336 million Powerball ticket sold at R.I. supermarketReply
I play the Powerball Mega Million for fun! I joined Lottery Post for the same reason! I hope that both set records for enormous Jackpots this year! This was a fun Jackpot to follow on LP!
Feb 13, 2012, 3:50 pm - dpoly1 - Lottery News

$336 million Powerball ticket sold at R.I. supermarketReply
Yes..... The next jackpot will be $342 Million and the check will have my name on it. I will receive the annuity and move to a country that has EuroMillions and become a resident. I intend to continue playing the lottery and winning huge jackpots in the USA and the EuroMillions country.
Feb 13, 2012, 2:55 pm - PERDUE - Lottery News

powerball ripoffReply
I really think the reason for the change is because both big games are available in almost all states now, and before the change they were basically the same game. MUSL does't make more money, directly, due to the increased ticket price. MUSL and the states make more money if there's more revenue, but if you don't want to pay the higher price, Mega Millions has a history of even bigger jackpots (and higher cash values). It isn't a scam or a ripoff; it's simply a different game offered to give va
Feb 12, 2012, 12:50 am - Longarm - Jackpot Games Forum

i can't imagine powerball reaching 500 million...Reply
2 more draws to 500 million.... At the last rate if increase. 384 million then 476 million but that doesn't include increased participation from bigger jackpots. So it would be 400+ million then 500 million.... But I believe that they will sell out before.
Feb 10, 2012, 6:37 am - markp1950 - Lottery Discussion Forum

$310 MILLION: Powerball lottery jackpot in rare territoryReply
Scary as hell, but I'm up for the challenge! And always up for some fun! I plugged $193,400,000 into the moneychimp tax calculator for 2012, single, and taxes come to $67,666,761 for a net payout $125,733,239. O_O I hit the PB 33 3 times last night... twice on the freebie $3 QP with power play. Altogether, I won $28 on Wednesday's draw, plus I found another ticket I forgot to cash in for $4, so total to cash in is $32. I'm all in... let's win this thing! Regarding the cash value of the jac
Feb 9, 2012, 9:57 pm - Piaceri - Lottery News

$310 MILLION: Powerball lottery jackpot in rare territoryReply
Not sure what you mean by the wrong demographic . The lottery is random, so everyone has an equal chance of winning, no matter where they live. A state or a store does not win the lottery, people do. I will never understand the obsession with a particular state winning the jackpot, other than it being fun to see someone close to home win it. Saying that a particular state won to support the notion that the lottery somehow controls who wins is the same as saying that the lottery is rigged. An
Feb 9, 2012, 10:18 am - Todd - Lottery News

taxes on lottery winnings :(Reply
CDanaT's reply was fairly accurate. One thing he didn't mention is that many people who win very large jackpots choose to make major charitable deductions in the year they win. If one is going to do it anyway, there are tax advantages to doing it that year. Let's say that I won $156 million cash and chose to set up a charitable trust with 35% of my win or approximately $54 million. Much (but not all) of that donation would be deductible from my federal taxes. The end result would be that my fede
Feb 5, 2012, 3:09 pm - Uff Da! - Lottery Discussion Forum

Another Reason To Not Live In CaliforniaReply
Each individual state is responsible for the MM secondary prizes and California opted for pari-mutual payoffs instead of fixed. The jackpots in rolling pick-5 and lotto games are split when there are multiple winners too. In games with fixed jackpot payouts, there is a limit on how much can be paid. The Ohio Buckeye 5 game paid $100,000 for matching all 5 numbers with a limit of $1 million and one night there were 55 winning tickets or $18,182 for each ticket. They found out that one person boug
Feb 2, 2012, 10:55 am - Stack47 - Lottery Discussion Forum