Search

New Mega Millions game reports 300% increase in non-jackpot prizes in first monthReply
I haven't played the new and improved MM at all ... I'm holding tight till it reaches 250 mil at which point I will purchase 1 ticket ...... I will buy 2 tickets when it hits 500 mil and 3 and 4 tickets at 750 and 1 bil. respectfully. And if I were wise and more disciplined those figures would be for the cash value and not the annuity. You gotta have a plan going into the lottery and this is my plan. Now everybody go out and do your part and buy MM now so that the jackpot will meet my t
May 13, 2025, 9:57 pm - ShagE3 - Lottery News

$944 MILLION: Mega Millions lottery jackpot set to make holiday wishes come trueReply
Ain't as much as ya think after taxes. Annuity Cash Mega Millions Jackpot for Tue, Dec 24, 2024 $944,000,000 $429,400,000 Gross Prize 30 average annual payments of $31,466,667 Cash: $429,400,000 - 24% federal tax - $7,552,000 - $103,056,000 - Add'l federal taxes due (37% final rate) - $4,048,854 - $55,780,188 Subtotal $19,865,812 $270,563,812 - State Tax:
Dec 22, 2024, 5:03 am - grwurston - Lottery News

Mega Millions confirms ticket price increase to $5, other changes coming April 2025Reply
To be fair.. (re the $20m vs $40m starting jackpot) Currently the cash value is about 50% of the jackpot value. During peak COVID, the cash value exceeded 83%. remember, the jackpot is the value of annuity that the cash value could buy.. And it couldn't buy much (Treasury bonds were under 2% IIRC.) having a start jackpot twice what the cash value could buy is (sort of) asking for trouble (more money going out in prizes than is coming in as revenue) As for $50m start jackpot f
Oct 9, 2024, 5:30 am - kao1632 - Lottery News

Mega Millions confirms ticket price increase to $5, other changes coming April 2025Reply
TAXES are fraud misleading advertisements; if I win, I will ask for tickets that were sold since the last winning day, For example, 50 states sold an average of 10 million tickets at $2 for each state. (10*2)*50= 1 Billion, and the start-up prize is $20 million. So for drawing 9/13/2024, the first draw of $20M, according to the Mega Millions website, all payout is: 2,799,586.00 the expenses at 20% is $200M, the profit is: $797,200,414.00, now for the next draw people start spending more and
Oct 8, 2024, 1:25 pm - manhouss - Lottery News

Trust claims $800 million Mega Millions jackpot, largest prize in Texas Lottery historyReply
TAXES are fraud misleading advertisements; if I win, I will ask for tickets that were sold since the last winning day, For example, 50 states sold an average of 10 million tickets at $2 for each state. (10*2)*50= 1 Billion, and the start-up prize is $20 million. So for drawing 9/13/2024, the first draw of $20M, according to the Mega Millions website, all payout is: 2,799,586.00 the expenses at 20% is $200M, the profit is: $797,200,414.00, now for the next draw people start spending more and
Oct 8, 2024, 1:24 pm - manhouss - Lottery News

Lottery ticket sold in Illinois wins $560 million Mega Millions jackpotReply
or the lump-sum estimated cash value of $264 million Based on reported sales that seems unlikely to be an accurate estimate. The first worksheet on the TX lottery website reported sales of $43 million and a cash value increase of $17.6 million to $258.4 million. The next worksheet forecast sales about 7% higher, which would fund an increase of $18.8 million, to $259.6. The website that can't be named reports sales of $46.44 million which would make it $259.8 million. This was yet another ja
Jun 6, 2024, 1:57 am - KY Floyd - Lottery News

California Lottery announces group as winners of historic $1.765 billion Powerball jackpotReply
Funny that whether a ticket was a QP or not is sensitive information. They're treating it as sensitive information. I can't even begin to fathom how it could possibly be sensitive information. It could be a group of two people My wife and I are a group of two people. I suspect that's pretty common among married couples. Was it the cash value of the day of the drawing or the cash value of the day it (ticket) was cashed in? Here's a fun, and wildly surprising, fact: the cash
Mar 16, 2024, 2:31 am - KY Floyd - Lottery News

Florida Scratch Offs - Post Pictures if posibleReply
Here's the odds table for the new $50 500X (game #1555). Prize odds compared to the original 500X game are close, with some $ slightly better, and others worse...but $50K appears a bit better, although it's only a sliver of the game total. Slightly higher overall % payout over the original 500X results in a lower win odds on this new game, down to 1/4.2, vs the existing $50 odds of 1/.4.5 Note: There are LOTS more 500X wins in this version compared to the original, as the relatively o
Jan 14, 2024, 2:31 am - Cape $cratcher - Instant ("Scratch-Off") Games Forum

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
I guess at this rate one would need three or four different financial advisors. The first one is going to advice you. The second one is going to verify the advice of the first one. The third will verify the advice of the first and second. And so on and so on Should I happen to win any major jackpot, I will go with the lump sum, give to Caesar what belongs to Caesar and enjoy the left overs. The only major financial advise to lower your tax bill that I see is always to ta
Jul 28, 2023, 1:18 pm - JustMaybe - Lottery News

This question might have been answered
So, lets say someone on here hits, lets say I hit not the jackpot, I hit only 5 numbers on megamillions. Yes keep laughing. I see that most people will take the cash vs annuity unless they want to hide something. it depends. I know what usamega says, might have to look. I might have to ask another accountant I know or someone else. What is the remainder after taxes from that state are taken out? So the payment amt is $1 million. ( multiplier 2 3 4 5) i'm not ta
Jul 24, 2023, 2:53 pm - wander73 - Jackpot Games Forum