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$450 MILLION: Powerball sales bonanza sparks early jackpot increaseReply
I too was surprised when I read the actual payout was less than advertised. In contrast, many state lotteries do and will pay out the widely advertised jackpot amount for their in-state games. PA Lottery is very good about paying what's advertised regardless of actual sales; favoring the player. Many poo poo the issue, but many players bought tickets for that 2013 Powerball drawing in large part to the annuity jackpot being touted as $600 million, which wasn't true. Sure, the vast, vast ma
Jan 6, 2016, 3:29 pm - Ron5995 - Lottery News

60 days to decide if lump sum or annuity, 180 days to claim. Huh?Reply
Each State, DC, and territory has their own rules. California gives you 365 days to claim and 60 days to decide on Lump Sum or Annuity. That 60-day clock starts when you claim your prize. I plan to place my ticket in a bank's safety deposit box and use up to 3 months to get all my ducks lined up. I am too old and my health is not good so I will choose the Lump Sum. Good Luck to all LP members and staff tonight!!!!
Jan 6, 2016, 9:48 am - music* - Lottery Discussion Forum

$334 MILLION: Powerball jackpot rolls into the new yearReply
You may be onto something....looks like actual annuity @ $359,300,000 and cash @ $219,900,000.....so with sales higher than expected and birthday numbers.... We'll see Edit: Rolling :-)
Jan 2, 2016, 11:35 pm - LottoMetro - Lottery News

$334 MILLION: Powerball jackpot rolls into the new yearReply
Advertised annuity would be roughly $1.5 billion before the after-tax cash could be considered fair bet With odds of about 290 million to 1 against, and a $2 ticket price you'd need to net $580 million for an expectation value of 1.0. Figuring federal taxes and a mid-range state tax of 5% the advertised jackpot would have to be about $1.715 billion. I believe that's entirely possible under the current matrix, but there's a major catch. The increases are significantly smaller than they us
Jan 1, 2016, 3:45 pm - KY Floyd - Lottery News

$334 MILLION: Powerball jackpot rolls into the new yearReply
lol.....I think the days of fair bet jackpots are over..... Advertised annuity would be roughly $1.5 billion before the after-tax cash could be considered fair bet There was a paper written several years ago, forget the author, but he derived a constant for rollover jackpot games that determines the optimal prize/sales which maximizes the expectation for all players. For the new PB it is roughly when 1.1 billion tickets have been sold, or a cash jackpot around $745 million far beneath the
Jan 1, 2016, 12:11 pm - LottoMetro - Lottery News

$300 MILLION: Massive Powerball jackpot fuels New Year's dreamsReply
My estimate was quite conservative but also considerate of other factors such as national weather and Mega Millions. Based on appetite in the last Powerball runs near this level I think it will take longer than many think. Don't forget that MUSL can elect to take up to 5% of sales for the reserve pool (starting end of January this is changing to a value that depends on the size of the prize). It actually turns out that Wednesday had a slight last-minute boost in sales that pushed the numbers
Dec 31, 2015, 7:17 pm - LottoMetro - Lottery News

Man in Iraq wins $6.4 million Oregon Lottery jackpotReply
Rather than a lump-sum payment, the winner chose to take his payout over 20 years. The agency made the first payment of $256,000 last week (after withholding income taxes, as is the typical procedure). Interesting. Prior to October 4th, the annuity for this game was 25 years. Now it is 30 years. Where does the 20 years come from? Please see this article: http://www.ktvz.com/news/lottery-still-waiting-to-hear-from-bends-big-jackpot-winner/34917810
Dec 12, 2015, 12:41 pm - LottoMetro - Lottery News

Are you ready for the attention?Reply
Ticket sales determines if it's likely (more than a 50% chance) a jackpot will be won. For the 11/24 MM drawing, 14.7 million tickets were sold and 13 million tickets were sold for the 11/25 PB drawing. By simply dividing the ticket sales by the total possible outcomes (258,890,850) for MM and divide by 292,201,338 for PB will give a ball park percentage. The 5.67% chance doesn't mean the jackpot won't be won, just highly unlikely. On 3/30/2012 when the total possible combs was 175 million, 6
Nov 27, 2015, 12:37 am - Stack47 - Lottery Discussion Forum

$42 million NY Lottery winner wants to remain blue-collar worker for lifeReply
am surprised that he did not have to share with any other winning tickets. You clearly aren't familiar with NY lotto. It's a 6/59 game, and you get to play 2 lines for $1. Since you've got to pick 6 numbers the chance of winning the jackpot if the winning combination is all birthday numbers is only 5 times better than the chance of winning the MM jackpot. That means that even though the winning combination was all birthday numbers it's not as much of an advantage as that would be for MM.
Nov 19, 2015, 5:51 pm - KY Floyd - Lottery News

Friday Mega Millions jackpot raised to $164 millionReply
A huge $5 million increase. Wow, better rush out and buy a bunch now. Seriously though, $5 million raise is relatively small on $159 million annuity. Seems they're very desperate to drive sales. With that said, it's understandable the estimate would jump since PB was, presumably, hit earlier than expected. Players seeking a super-sized jackpot, for the time being, is relegated to Mega Millions... On the bright side, MM only costs $1. Plus, the extra $1 megaplier multiplies all lower tier
Nov 6, 2015, 4:50 pm - Ron5995 - Lottery News