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Texas Lottery considering guaranteed jackpotsReply
New jackpot prize guidelines proposed Monday include a guarantee the winner collect either the advertised amount or the amount calculated by sales, whichever is greater. The guarantees would apply to jackpots paid with the 25-year annuity, not to winners who choose the immediate cash-option payment.Strange, when people get into the habit of using smoke and mirrors they just can't seem to get loose from it. Guess they're running the old 'you can fool all of the people some of the time' maxim thr
Aug 16, 2005, 7:58 am - Rip Snorter - Lottery News

Lottery TaxationReply
Yeah it's crummy. But that's our wonderful politicians at work. WHen you think about it, all the money that is bet to buy the tickets is money that was already taxed when earned. Supposedly that is money that makes up the jackpots. So it's taxed again.Why do the pols tax us? Because they can.
Aug 15, 2005, 8:07 pm - Badger - Lottery Discussion Forum

Why gamble at Online Lottery Sites?Reply
From my view: Thanks for providing the links to on-line lottery.Since I am not that interested in the Euro-Lottos it doesn't do much for me (with its current rates). I can get the MM, PB and NY with short drives. However, should they grow to states with large jackpots. I'll be very interested.Again, thanks for the links.
Aug 15, 2005, 12:38 pm - Chewie - Lottery Discussion Forum

New Mexico Lottery still looking for $93 million Powerball winnerReply
Also look at what Powerball is doing. They are setting up their annuitized jackpot in a way where you get more money in the later years then in the earlier years...just a way to increase the advertised jackpot more and faster. If you keep more money in the securities for more years you will earn more interest. This is how they will be able to start it at $15m and watch how much the jackpots increase.Brad
Aug 13, 2005, 12:20 pm - Bradly_60 - Lottery News

New Mexico Lottery still looking for $93 million Powerball winnerReply
I begin to understand why people don't buy tickets for Powerball unless the jackpots have rolled enough to get some bulk to the cash prize.Win a $10 million dollar jackpot in New Mexico, you'd end up with a candy-bar, a coke, a bag of potato chips and enough left over to buy a lottery ticket.A person might well come out better with the five white ball bonus and the multiplier, rather than winning the jackpot. Might do so in other States, as well.Jack
Aug 13, 2005, 6:39 am - Rip Snorter - Lottery News

New Mexico Lottery still looking for $93 million Powerball winnerReply
Todd,You need to also mention Canada where their jackpots are lump sum andtax free.You also get your money within a couple of hours of claiming it instead ofa couple of weeks in the US.You should be able to get your money that day or the next since all ticketsare bought with cash.Why let the states collect interest for 2 weeks? Mike
Aug 13, 2005, 12:13 am - MPJO - Lottery News

favorite topic or forum on LPReply
My favorite topic is lottery jackpots. That's because I will start a fantasy topic thread of CA SLP Challenge. Also, I intend to join the fantasy thread of both MM and PB from Maddog10.
Aug 12, 2005, 1:02 pm - Just6ntlc - Lottery Discussion Forum

Car salesmen lottery pool wins $16 million jackpotReply
I find it hard to believe that is a serious question. It is so simple, I do not want to waste time explaining.On a more positive note and as a strong believer in lottery pools, it is good to see pools winning. It appears to me that is the most common characteristics amoung all winners is the use of pools to win.As lotteries move to bigger odds and bigger jackpots, lottery pools become more of a viable option.Anybody interested in the $500 million Mega Millions pool I posted about before?Good luc
Aug 9, 2005, 1:26 pm - Jake649 - Lottery News

Oklahoma Lottery to compare vendorsReply
I hope the lottery commission in Oklahoma plays MM or PB. I prefer PB because their sales are still dropping. I think they should join a multi-state game because of the huge jackpots.
Aug 9, 2005, 12:33 pm - Just6ntlc - Lottery News

Texas Lottery has history of frequent firingsReply
Texas is a weird duck in the industry. Only in Texcas could an executive Director get run out of town on a rail for following an industry best practice (guaranteeing low-end jackpots whether sales support them or not). In many ways, this is one of the best-run lotteries in the country. In some ways its so messed up its not even funny.
Aug 9, 2005, 1:54 am - Drivedabizness - Lottery News