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Are you playing Mega Millions with the $5.00 per play?
If they advertise $794M, they get less excitement/sales than if they advertise $800.
I more or less agree with your reasoning because, even though it's a small difference in the grand scheme the lottery would be offering a few million bucks more. If you look at advertised jackpots from the past I think you'll find that for whatever reason they take their best guess at sales and stick with that number. Four weeks ago they advertised the jackpot as $547 million instead of a nice round 550 whi
Nov 4, 2025, 1:40 am - KY Floyd - Lottery Discussion Forum
$1.8 BILLION: Powerball jackpot now second-largest ever as ticket sales surge across the USA
I hope no one wins tomorrow so the record gets broken!
I've been waiting along time for that, but the real record is something north of $997.6 million in cash. To get there we need an annuity of $2.173 billion or so (assuming the interest rate doesn't change). I think we should be at the point where sales for Monday should at least be almost as big as Saturday's, and that's what we saw last Monday. If we see 1.844 tonight that's an even $400 million more than Wednesday, so we'd need an incr
Sep 6, 2025, 4:34 pm - KY Floyd - Lottery News
$139 million goes up in smoke as Ohio Powerball ticket expires
Life-changing sum of money quietly expires over the New Year
By Kate Northrop
The $139 million Powerball jackpot from the July 3, 2024 drawing, won by a single ticket purchased in Ohio, quietly expired amid the excitement of the New Year.
The deadline for one lone Ohio winner to claim a $139 million Powerball jackpot from July 2024 has passed.
Last month, the Ohio Lottery made a final push to locate the winner of the multi-million-dollar prize. Today, the Lottery announced that n
Jan 3, 2025, 9:59 am - Todd - Lottery News
Lucky for Life
Lucky for Life
Main Features:
1. Tickets cost $2 each.
2. Choose 5 numbers between 1 and 48. Then pick 1 Lucky Ball number between 1 and 18.
3. A top prize of up to $1,000 a day for life, payable as an annuity or lump sum.
4. A second prize of up to $25,000 a year for life, payable as an annuity or lump sum.
Currently played in 14 states:
Arkansas, Connecticut, Delaware, Idaho, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, New Hampshire, Rhode Island, Sou
Sep 12, 2020, 2:28 pm - ThatScaryChick - Jackpot Games Forum
N.C. man wins $10 million from scratch-off lottery ticket
Iron worker's big win is the largest scratch-off lottery prize in the state
By Kate Northrop
On his way home from work, Wade Harmon purchased some lottery tickets at the Big Boy's Truck Stop on Bagley Road in Kenly. He originally stopped to try his luck on the Pick 3 and Pick 4 lottery games. His decision to tack on an additional $30 scratch-off ticket to his purchase awarded him the $10 million top prize, the largest scratch-off prize in the state.
In a news release by lottery official
May 18, 2020, 4:38 pm - Todd - Lottery News
Wisconsin Republicans to hold hearing on lottery privacy bill
So they say the transparency is to show public trust. To which I call BS
Why is it BS? That's not ALL they say for wanting transparency; as I mentioned in my previous post, they claim that it drives lottery sales. What I don't understand is that people trust the lotteries to award the money (cough-Tipton-cough) yet don't trust them when they make the claim it helps sales? Again, their claim that it brings interest to the games makes sense to me.
If a mega winner wants to take a lump sum,
Jul 10, 2019, 4:34 pm - mikeintexas - Lottery News
Another NC woman wins lottery twice in same day
For the second time in three weeks, a North Carolina woman had an amazing streak of luck when she purchased two winning lottery tickets in the same day.
It happened Sunday when Michelle Shuffler of Granite Falls won $10,000 with one scratch-off ticket and $1 million with another, purchased 22 miles away. Granite Falls is about 65 miles northwest of Charlotte.
The first ticket was purchased when she and her husband stopped at the Cubbard Express on Beecher Anderson Road in Lenoir.
We do
Nov 15, 2017, 8:07 am - Todd - Lottery News
Woman quit job days before winning $3.3M lottery
The Aurora, Colorado, woman who won a $3.3 million jackpot last Friday was still in shock when she came into the Denver claims office a week later, according to state lottery officials.
Identified only by her first name, Yahnique, the big winner purchased the winning ticket at King Soopers located at 1155 South Havana in Aurora.
The winning numbers were 10, 14, 25, 30, 31, and 32. Her total earnings? $3,312,287.
Yahnique had just resigned from her job as a certified nursing assistant.
Feb 6, 2017, 9:28 am - Todd - Lottery News
$900 MILLION: Powerball lottery jackpot to create unimaginable wealth
The lottery seems to projecting, at this point, $741M in sales, the number of tickets being sold being half that, to produce a $900M jackpot.
The Poisson distribution for this number of tickets sold, assuming random generation of tickets, produces the following probabilities for numbers of winners:
k, number of winners p(m,k)
0 26.74%
1 35.27%
2 23.26%
3 10.23%
4 3.37%
5 0.89%
6 0.20%
7 0.04%
8 0.01%
Although a single winner is th
Jan 9, 2016, 12:49 pm - Prob988 - Lottery News
cash or anuity and what is the taxes % depending on the states
1. Should they take cash or annuity?
I would take the annuity. I can manage dealing with the annual payment, but overwhelmed with the total all at once. Yeah, I know the usual arguments against this, but 496 million minus taxes is an insane amount of money and (see anwer to #4).
2. What is the advice next?
3. What is the tax rate? is it 40% and I know that every state is different in the country?
40% + state income tax, 0 in a couple of states, up to 10 or 12%, I think, in others.
Jan 8, 2016, 9:46 pm - ArizonaDream - Jackpot Games Forum
