Unfortunately, that was the only number I drew. Me and a couple buddies drove down to SC Friday after work to buy lotto tickets. I picked up $20 in tickets and among all of them, I only got 1 number right. It was the powerball (29). :boom
Oh well, at least I had a nice little road trip with a couple of my friends. :-\
The total prize was up to $368 million and 1 person ended up hitting it. I don't play the lotto very often at all but for a chance at that kind of scratch, the 2 hour drive was worth it. Anyone here play the lotto at all? I know at least one of you drops $50 a week on it.
I only play one $1 ticket...and this time I got 2 numbers.
:-D
I don't play at all. That way I can't lose.
It would be a long drive for me to get one. I think I've played the lottery twice in my life.
The lotto is going coming to NC in April or something. I highly doubt that means I'll start playing it very often but at least it will save me a 4 hour trip to go pick up some tickets the next time the total prize reaches some outrageous dollar amount.
Quote from: Sgt PSN on February 19, 2006, 09:41:28 PM
The lotto is going coming to NC in April or something.
So which is it,
Sassy?
Um. Yes.
i bought $5 worth. i hit 1 number on 2 lines...but nadda overall.
Theres no way you have friends.
Quote from: Sgt PSN on February 19, 2006, 09:23:03 PM
The total prize was up to $368 million and 1 person ended up hitting it.
Wow, thats one lucky s.o.b. The cash payoff on that had to be over 200 mil.
"only" 177M is the payout. Which makes me wonder...what happens to the almost $200M that they're not giving you? The taxes can't be that much, can they?
I got 2 numbers and the powerball (17, 43 and 29).
This is the 2nd time I've ever played the Powerball lotto.
The full amount is what you get if you take it as an annuity (paid out over 20 years, I think). The cash amount is basically the principal of that. The return rate the annuity gives you is relatively low compared to other investments you can make yourself, so normally it's better to take the cash lump and manage it yourself.
Powerball FAQs (it's towards the end of the page) (http://www.powerball.com/pb_contact.asp)
The real problem with the annuity is it can't be willed over. If the name on the ticket kicks it, they stop payments.
Lump sum is the only sensible payout.
Quote from: MadMarchHare on February 20, 2006, 08:23:25 AM
The real problem with the annuity is it can't be willed over. If the name on the ticket kicks it, they stop payments.
Lump sum is the only sensible payout.
not true...from the link above
QuoteWHAT HAPPENS TO AN ANNUITY PRIZE IF THE WINNER DIES?
A lottery prize is just like any other asset. You can pass any remaining annuity payments on to your heirs or to anyone else. The Powerball game will even cash out an annuity prize for an estate. This may make it easier for the estate to distribute the prize. It also may be necessary to cash out the annuity to pay Federal estate taxes.
Zing!!
Full of shtein, as usual. ;D
Still, the annuity doesn't inflate in value over time. You can make much more money in the long run with the lump sum.
i won 35 dollars last wednesday. i got 2 numbers and powerball, but played the powerplay. multiplier was 5. so u would normally win 7 dollars, but since i played the powerball/powerplay it gets multiplied. only the 3rd time i ever played. i don't play until it goes up to 300mil or more.
I got 3 out of 5 numbers on the Megamillions last week, and the bitch only paid me $7. Weak.
Quote from: mussa on February 20, 2006, 02:11:03 PM
i won 35 dollars last wednesday. i got 2 numbers and powerball, but played the powerplay. multiplier was 5. so u would normally win 7 dollars, but since i played the powerball/powerplay it gets multiplied. only the 3rd time i ever played. i don't play until it goes up to 300mil or more.
Yeah, because anything less than 300 mil is so totally not worth the effort. ;)
What gets me is the idiots who think that the more people who play it, the higher the odds go up. They don't realize that you're still picking from the same numbers, regardless of the number of people playing. I was just arguing with someone about this the other day.
The chances of YOU winning are always the same. Now the chances of you splitting it with someone go up, but not of you winning it. Am I thinking wrong? Shouldn't the odds of winning always be the same, regardless of number of players?
I think you're on to something there. If you're playing roulette, the odds stay the same regardless of how many people are at the table.
The difference is that if everyone throws their money on the same # for roulette, the pay out is the same for each of them regardless of how many people place a bet. But if several people hit the lotto then they split the winnings.
So while the odds of you hitting the lotto don't change regardless of the amount of people who play, the odds of you being the sole winner do.
Your correct, Matty. There are 146.1 million combinations - that defines the odds of hitting all 6 numbers, and doesn't change depending on the number of tickets sold.
So if you were a millionaire you could technically spend $146.1M to play every number combo, right?
And if the pay out was $177M you just made $31M by spending your $146.1M on tickets.
I guess technically that's true, but you're taking the risk that no one else also gets it. So if you spend that, and 5 other people also match the numbers, you're taking a pretty big hit.
So you'd spend $146.1M, even if only one other person matches you'd lose like $75M. probably not worth the gamble.
And it's still based on odds...it's not a gimme.
Yeah, true.
But if you've got a coupla mil to blow like that chances are your name is Bill Gates or Paul Allen or some other ungodly rich dude who has nothing better to do. So losing a few mil wouldn't hurt.
Plus imagine how long you'd spend filling out 146.1 different cards.
Quote from: PhillyPhreak54 on February 20, 2006, 02:52:39 PM
Yeah, true.
But if you've got a coupla mil to blow like that chances are your name is Bill Gates or Paul Allen or some other ungodly rich dude who has nothing better to do. So losing a few mil wouldn't hurt.
true, but you'd also be pissing off millions of broke folk who dream of the lottery as their big break. probably not a great PR move.
not that i would give two shteins about PR if I were that rich
winners. (http://www.cnn.com/2006/US/02/22/powerball.winner.ap/index.html)
I could use $15 million. That would come in handy.
Quote from: FFatPatt on February 22, 2006, 01:28:48 PM
I could use $15 million. That would come in handy.
No shtein. I'd be totalling Enzos 'til the money was gone.
I'd probably get a new house built within a month or so, but I wouldn't buy a new car for at least a year. Maybe more.
I'd be too drunk to buy much of anything.
Quote from: rjs246 on February 22, 2006, 01:51:56 PM
I'd be too drunk to buy much of anything.
True. I would binge so hard-core. I'd have 3-4 Jager machines in the house minimum.
I honestly don't think I'd make it a week if I won that much money.
The funny thing is I probably wouldn't quit my job for a while for fear of actually spending all day every day drunk as a lemur until the reality of the situation settled in.
OK that's a lie, I would quit immediately.
Quote from: rjs246 on February 22, 2006, 01:59:18 PM
The funny thing is I probably wouldn't quit my job for a while for fear of actually spending all day every day drunk as a lemur until the reality of the situation settled in.
OK that's a lie, I would quit immediately.
Fool! You would want to go to work everyday as drunk or drunker as ten thousand Indians until Whitey fires you, thus allowing you to collect unemployment as well.
Quote from: PhillyPhreak54 on February 20, 2006, 02:46:50 PM
So if you were a millionaire you could technically spend $146.1M to play every number combo, right?
And if the pay out was $177M you just made $31M by spending your $146.1M on tickets.
nfl players should do that. they dont make enough as it is.
basterds.
If eye one won-hundred sevendee seven milleeon dollers, eye'd send everywon hear a thaosend dollers eech. Ewe can put that in righting.
Quote from: hbionic on February 22, 2006, 05:23:12 PM
If eye one won-hundred sevendee seven milleeon dollers, eye'd send everywon hear a thaosend dollers eech. Ewe can put that in righting.
At the time this idiot made this post, there were 1038 members. So if hbionic wins, he's contractually liable for paying the 1038 members that were here at the time of this post.
-hbionic sr., esq.
You'd pay over a million bucks to a bunch of internet personalities that may or may not even be real people? Retard. Also, you'd be paying Stillupfront like 7 grand... and I would sorely object to that.
Quote from: rjs246 on February 22, 2006, 10:25:05 PM
You'd pay over a million bucks to a bunch of internet personalities that may or may not even be real people? Retard. Also, you'd be paying Stillupfront like 7 grand... and I would sorely object to that.
I seriously laughed my ass off at this.
If I won that powerball lottery I would start a pro football team up here and call them the Brownington Yeti's.
That would be cool.
A team called the Yeetas? It'll never catch on.