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Probability of a Rollover in Powerball.Reply
The Powerball jackpot has rolled. The cash value is $13.2M. The annuity value is $27 M. The running average for third draws since the recent matrix change is $14.8M in sales. If the number of tickets sold remains close to this average, the probability of various numbers of winners is: 090.37% 19.15% 20.46% 30.02% Modeling functions do not work well in Powerball yet, but based on average sales, I estimate that there is roughly a 50% probability at this point of a jackpot in
Feb 26, 2006, 8:35 am - Prob988 - Jackpot Games Forum

California Super Lotto Plus PaymentsReply
Quote: Originally posted by CalifDude on February 23, 2006Quote: Originally posted by CASH Only on February 23, 2006Quote: Originally posted by CalifDude on February 23, 2006CashOnly, It's a good thing you didn't win. You have to be a California resident!! But anyone that is in that spot can aways give the ticket to me! Are you saying an out-of-state resident would be stuck with annuity payments? It shouldn't matter where you live. I would have sued. I'm saying that the rules in
Feb 23, 2006, 11:58 am - twisted - Jackpot Games Forum

Probability of a MegaMillions rollover.Reply
The MM has rolled over. The cash value is now $101.3 and the annuity value is $170M. A running average of 13th draw sales (2 data points) since the matrix change suggests that the sales will be around $36.6M. If this many tickets are ultimately sold, the probability of various numbers of winners is given in the following table: 081.20% 116.91% 21.76% 30.12% 40.01% LotteryReport has not yet posted the sales for the last drawing. I use these to update the long range proje
Feb 18, 2006, 7:45 am - Prob988 - Jackpot Games Forum

$420 million of lottery jackpots in two daysReply
No and yes. Sort of. I specifically referred to PB's cap that was instituted about a year (?) ago. That cap is specifically imposed by the rules. When the annuity jackpot reaches the highest amount it has reached previously the rollovers are limited to an increase of 25 million. The current maximum is 340, so if nobody wins the next draw the most it will be for Saturday is 365. The next draw could be less than 365 if ticket sales aren't high enough. My guess is that the amount advertised if i
Feb 15, 2006, 12:03 pm - KY Floyd - Lottery News

Euro Millions Lottery Sparks Buying Frenzy With $224 Million Top PrizeReply
Quote: Originally posted by Editgap on February 4, 2006 3 winners? Those odds are not blind. The get so high then spit out 3 winners instead of one rich ... Hmm...I need to go back and read all the posts because I must have missed something, unless you are saying that 3 people splitting the winning jackpot will not be stinking, filthy rich. In American dollars isn't that over $75 million each, tax free (and they don't have to take it in an annuity!) So that's equal to one of our mega jackpot
Feb 4, 2006, 2:15 am - justxploring - Lottery News

Probability of a MegaMillions rollover.Reply
The MM has rolled over. The cash value is now $44.3M and the annuity value is $75M. A running average of 7th draw sales since the matrix change suggests that the sales will be around 21.8M. If this many tickets are ultimately sold, the probability of various numbers of winners is given in the following table: 088.33% 110.96% 20.68% 30.03%
Feb 1, 2006, 7:49 am - Prob988 - Jackpot Games Forum

Uncle Sam Wins Your LotteryNews Story
Attention, lottery players: If you win a nice big prize, opt to take it as a stream of payments and then change your mind and wish you had taken it as a lump sum, don't expect any special tax benefits if you sell your annuity for immediate cash.Over and over in the past few years and especially since capital gains tax rates were lowered in 2001 lottery winners have sold their rights to future payments and tried to treat what they got in exchange as capital gains.Since capital gains are now t
Nov 28, 2005, 9:12 am - Todd - Lottery News

Lottery Taxes state/local - Out of stateReply
Good, but a tricky question. I looked into this situation last year and this year, but as a US citizen winning a lottery in a foreign country. I wanted to see if the claims that foreign lotteries are tax free and claims that foreign lotteries are tax free to US citizens were true. Unfortunately, most of the claims are incomplete (misleading or half right and half wrong) answers!!!!Federal withholds taxHowever, what I found does apply to Canadian, Mexican, or other foreign citizens.A foreign citi
Nov 26, 2005, 2:21 pm - Preppy - Lottery Discussion Forum

Maryland Lottery to replace classic Lotto gameNews Story
A million bucks doesn't buy dreams like it used to.The first Maryland lottery game to offer $1 million prizes seems likely to become extinct, a victim of players who opt to gamble instead on mega-jackpots.Introduced in November 1983 to help bail out financially strapped localities such as Prince George's County and Baltimore, Maryland Lotto once the lottery's flagship game is showing its age, according to state officials.In the past fiscal year, Maryland Lotto sales dropped 5 percent while e
Aug 4, 2005, 7:42 pm - Todd - Lottery News

N.M. Lottery posts second-best yearNews Story
New Mexico legislators were told today that strong sales of in-state games helped drive the New Mexico Lottery to its second-best year of sales.Lottery Authority CEO Tom Shaheen said that sales of all games exceeded $139 million, while net revenues (profits) earmarked for the Lottery Success Scholarship program were $32.2 million, topping $30 million for the third straight year.All financial data for fiscal year 2005 are preliminary and unaudited.Shaheen, appearing before the Legislature's inter
Jul 28, 2005, 4:36 pm - Todd - Lottery News