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$970 MILLION: Mega Millions ticket-buying frenzy forces new jackpot estimateReply
What are the estimated sales? You can figure the estimated sales from the estimated jackpot. As a rough measure sales are equal to the increase in the advertised annuity. For a more precise estimate you can check past sales on lottoreport,com and compare that to the increase. The $119 million increase from 548 to 667 had sales of about 105 million tickets, so each $1 million of increase equates to about 882,000 tickets (ignoring minor differences in annuity/cash ratio). That means for a jac
Oct 19, 2018, 1:14 pm - KY Floyd - Lottery News

$650 million in lottery jackpots up for grabs this weekReply
Amazing how slow jackpots grow now. 28 drawings to get to $346 million annuity ($216.1 million cash). When the price doubles to $2, the jackpot will grow somewhat quicker initially, but then, as one already sees with Powerball, only grow moderately for awhile until it's around $300-$500 million. I've noticed even at $300+ million, there aren't lines; mostly still regular players wagering. $500+ million annuity will bring in casual players in droves with the news media touting how big the j
Aug 7, 2017, 2:25 pm - Ron5995 - Lottery News

State lotteries losing revenue to 'jackpot fatigue' and casinosReply
Lotteries, by and large, rely on most players being near totally ignorant of the odds of the games being offered combined with horrible payback low as 40%. For a long time the strategy has worked due in large part to the novelty of games offering higher and higher jackpots at a nominal cost. $1 for a dream. However, that model is waning as the jackpot amounts no longer generate much excitement. $10 million annuity was once a big deal (yes really, way back), then later over $100 million (long
Jul 14, 2017, 1:08 pm - Ron5995 - Lottery News

$435 MILLION: Powerball lottery jackpot on track to 17-month highReply
That is really so very nice to read this music. i am overly generous too at times, with a few i am told. But, i am sure not doing annuity even if i was back in time to 20 . New temporary pres.trump, as my father would say,might have us all broke and eating a cheese sandwich,Cassie.So, i would take ONE check. Daddy doesn't trust gov too much to let em' control he says, an annuity pymt.thing. 1 Lump sum $$$ and call it a day,manage it just fine while i still help most important th
Jun 10, 2017, 3:31 pm - Cassie8620 - Lottery News

$435 MILLION: Powerball lottery jackpot on track to 17-month highReply
Don McNay might actually be worse than Richard Lustig. Don's #1 piece of advice was to NEVER play the lottery. All subsequent advice stems from that so his advice becomes illogical. His books (and I use that word loosely when talking about the rubbish he printed) was nothing but nonsensical gibberish in very large font. All of his advice could be made into one paragraph while everything else was some story about the horrors of gambling. Since he doesn't believe anyone should play the lott
Jun 8, 2017, 2:18 pm - Teddi - Lottery News

Pennsylvania Lottery proceeds being misused by Gov.Reply
. Mr. Ron5995, If I understand correctly, you're saying not to take the annuity (in PA) because of the 3.07% PA will charge all significant lotto winners? Well, how about states, like New York, which charge 8.8%? (according to USAMega)? And, the PA tax, as with ANY of the states, again, according to USAMEGA, doesn't work out, if you go to Jackpot Analysis. So, given that PA will claim 3.07% in taxing a major lotto winner, their rake is about a 3rd of the prize, for an annuity claimant!
Sep 29, 2016, 12:52 am - Groppo - Lottery News

Does the size of the lottery jackpot matter to you?Reply
They keep getting ungrateful and raising the odds on the games so I now wait before I jump in. I have been playing so long without winning that I view increasing odds as an attack on loyal players. My jackpot limits are $400,000,000 for Powerball and $150,000,000 for Mega Millions because the more they raise the odds the more I expect to lose. The Powerball second prize isn't so great anymore given the $2 or $3 ticket price vs the Mega Millions second prize being decent for $2
Sep 18, 2016, 2:26 pm - Think - Lottery Discussion Forum

Indiana family claims $536 million Mega Millions lottery jackpotReply
A lot of people still don't understand what the difference is between the advertised annuity jackpot and the cash value amount. They think they are losing money by taking the cash value. Acting like it's a penalty imposed on them for taking the cash and not the payments. When you take the cash, all you get is what the lottery has accumulated from selling tickets. When you decide to take cash, that's what you get. You get the cash, but without any of the interest that would have been ear
Jul 30, 2016, 11:05 pm - TheMeatman2005 - Lottery News

$333 MILLION: Powerball offers up summertime richesReply
There was a second place winner from Michigan. Could it be Sully16? The ratio of Annuity:Cash Value is .712 That pushes almost every player who wanted to take the Annuity into the Cash camp. Californians can expect to keep about $143 million after all taxes and the deduction are taken out. Even a million would change my life. I am looking at Treasury notes as my main investment vehicle. I will place my Living Trust inside my LLC along with the T-notes. Asset protection is the n
Jul 14, 2016, 12:17 pm - music* - Lottery News

How much is "life changing"?Reply
No matter how many different ways I run the numbers I come up with $25,000,000 cash after taxes plus $5,000,000 in squandering bucks . So, that would be $30,000,000. The only reason I don't play for the Jackpots below the $120,000,000 annuity on MM and $700,000,000 annuity on PB is because they raised the odds so fricken high. I used to play all the time but they just kept getting ungrateful and making the games harder to win. I play MM for JP or 2nd prize and I pla
Jun 8, 2016, 3:31 pm - Think - Lottery Discussion Forum