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Probability of a MegaMillions rollover.Reply
The Megamillions jackpot has rolled over and the cash value is now $52.4M. The cash value reached on the last drawing was $45.2M. The annuity value is now $88M, just shy of the $90M annuity record for this number of drawings in a prize building pool. The lottery is apparently predicting 22.6M in sales. If this proves to be correct, the probability of various numbers of winners is given in the following table:087.93%111.31%20.73%30.03%I have updated the data fitted into my exponential modelin
Dec 28, 2005, 11:06 am - Prob988 - Jackpot Games Forum

SoCal man sues to get share of $315 million lottery jackpotReply
I don't agree. I've never been one to argue over money. But you know what? I've been stupid! To make my life easier I often gave in, but as long as people are honest and know a decision is fair and just, they should always defend their position. This is a matter of principle. If he was not an active member in the pool, then he doesn't deserve to get a share. What's to prevent others from following his actions? We really don't know the entire story, but if the article which states he hadn't pla
Dec 21, 2005, 1:46 am - justxploring - Lottery News

SoCal man sues to get share of $315 million lottery jackpotReply
Demonter - I will probably change my rules slightly to take care of the deadbeats, but I also agree with playing with people you trust. I trust everyone in my Pool fortunately, but like has been said before, money changes people. I am usually the one that covers the people that are late, and I trust them enough to pay me back, which they have not had a problem doing that. But really technically, the pool's winnings are covering them since that money is rolled over anyway. I don't know...I guess
Dec 19, 2005, 9:03 pm - cps10 - Lottery News

Woman found guilty of stealing winning lottery ticketReply
Nobie,I agree with you that we should have forseen that any winning would potentially be pilfered by a low income Dora. If you've read my other posts you would know that I had no idea Dora was checking my tickets until after I reported she won the lottery to the group. This situation and particularly the lottery commission's response to it made me mad enough that I haven't played the lottery since, whether in a pool, or alone.Raven,You sleuth!! You are exactly right. In my free time I search
Dec 14, 2005, 5:14 pm - awesomo2000 - Lottery News

Woman found guilty of stealing winning lottery ticketReply
Thanks Awesomo2000 for your version of what happened. I did go back and read what you had to say. It shed some new light.I feel for you and the other traders. It was a bad call on your boss to let anyone else aside from the lottery pool to go and check. Things happen and we all have to move on. I'm glad you are getting the money you rightfully won. (minus lawyer fees and such)That being said, she's going to walk. I'm sure you would like to tie her up and stone her to death for all the sh!t she p
Dec 14, 2005, 12:08 pm - whitmansm2 - Lottery News

Million-dollar ticket fight goes before Mass. Lottery boardReply
Drivedabizness wrote:<< All the legal mumbo-jumbo is intersting - but hardly on point. Lawsuit after lawsuit has been settled (I suppose since I'm evidently dealing with attorneys I should say decided) according to the principle that lotteries can't decide these kinds of issues. >>How could the legal mumbo jumbo not be on point in a legal case? Similar legal cases exist exactly because the courts can decide these issues, though there's no guarantee that they'll decide them prope
Dec 3, 2005, 11:26 pm - KY Floyd - Lottery News

How Much Taxes Do I have to Pay?Reply
Here's some information from the IRS. You can read the entire document by clicking on the link below:Instructions for Forms W-2G and 5754 - Main ContentsReportable Gambling WinningsGenerally, gambling winnings are reportable if the amount paid reduced, at the option of the payer, by the wager is (a) $600 or more and (b) at least 300 times the amount of the wager...WithholdingThere are two types of withholding on gambling winnings: (1) regular gambling withholding at 25% (33.33% for certain nonca
Dec 1, 2005, 10:46 am - MrBobb - Lottery Discussion Forum

Couple learns downside of lottery pools -- the hard wayReply
We have a pool at office of 8 of us who are close friends and we started playing lottery as a group around one year back. We take turns to buy tickets. I on my own also buy ticket for myself. We decided that the person who buys ticket will copy it or scan it and send/give to others either personally or through email. Sometimes we used to get copies before drawing and some time after, which bothered some of us. So we decided some rules for group.1)Ticket copies must be distributed before the draw
Nov 28, 2005, 10:16 pm - rlevins - Lottery News

OH Lot O'Play v PA Unlucky for LifeReply
Ok. Cash OLY: Seriously, why do you keep doing this? It's a waste of Internet space. I've said it beore, and I'll say it again, if you don't like a game, DON'T PLAY IT!Personally, I like both games equally. I mean, PA's Lucky for Life Lotto may only pay $3000 a week for life, but that's for life, and the odds of winning that prize are better than winning. That can be either $1 million, or a lot more, depending on how long you live, and if you don't live to see the whole million, your estate
Nov 28, 2005, 3:00 pm - DoctorEw220 - Jackpot Games Forum

Better Business Bureau warns of lottery-winning scamsNews Story
Congratulations! Your name was attaached to a ticket that was recently drawn from a pool of 50,000 names for the lump sum of $250,000! Sound familiar? Many consumers have reported receiving phone calls and letters from Judith Thompson, Fat Payment Securities Inc., Sweepstakes Resources and Payment Verification Center, Canada, congratulating them on winning the lottery.According to the Better Business Bureau, those are the names that scammers are using this week. The names change from day to
Nov 28, 2005, 11:06 am - Todd - Lottery News