1 in 302 million.....

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Son of Butch
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Re: 1 in 302 million.....

Postby Son of Butch » Fri Oct 19, 2018 11:38 pm

Mega Millions winning numbers 15 23 53 65 70 and 7

penny saved is a penny earned = I won $2 by not buying a ticket and no regrets as only 1 of my picks hit

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Nesikep
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Re: 1 in 302 million.....

Postby Nesikep » Sat Oct 20, 2018 2:20 am

did anyone win it?
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Jogeephus
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Re: 1 in 302 million.....

Postby Jogeephus » Sat Oct 20, 2018 2:38 am

Nesikep wrote:did anyone win it?


All I know is she ain't no injun.
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sstterry
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Re: 1 in 302 million.....

Postby sstterry » Sat Oct 20, 2018 6:23 am

No one won it but 14 people won $1 million and one person or persons won $2 million. The next drawing will be worth $1.6 billion. If you take the cash option you will get $904 million and after Washington gets their cut it will be about $570 million. I just don't know how they expect a lottery winner to survive on that!

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jltrent
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Re: 1 in 302 million.....

Postby jltrent » Sat Oct 20, 2018 6:31 am

Didn't lose any money on that one. Probably lose $2 on the next drawing...the winner may wish they hadn't won after winning. That could be a head ache...
Last edited by jltrent on Sat Oct 20, 2018 6:31 am, edited 1 time in total.

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JMJ Farms
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Re: 1 in 302 million.....

Postby JMJ Farms » Sat Oct 20, 2018 6:31 am

sstterry wrote:No one won it but 14 people won $1 million and one person or persons won $2 million. The next drawing will be worth $1.6 billion. If you take the cash option you will get $904 million and after Washington gets their cut it will be about $570 million. I just don't know how they expect a lottery winner to survive on that!


Me either. But I’d do the best I could.
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Re: 1 in 302 million.....

Postby JMJ Farms » Sat Oct 20, 2018 6:32 am

jltrent wrote:Didn't lose any money on that one. Probably lose $2 on the next drawing...the winner may wish that hadn't won after winning. That could be a head ache...


I already have head aches. Might as well have the money too!
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Re: 1 in 302 million.....

Postby torogmc81 » Sat Oct 20, 2018 6:55 am

I'm taking the annuity. no doubt about that. could blow it all in a year and still have 28 mulligans left :lol:

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Re: 1 in 302 million.....

Postby slick4591 » Sat Oct 20, 2018 7:16 am

Image
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Re: 1 in 302 million.....

Postby 1982vett » Sat Oct 20, 2018 8:15 am

torogmc81 wrote:I'm taking the annuity. no doubt about that. could blow it all in a year and still have 28 mulligans left :lol:

Build your own annuity with the $570,000,000.00. Quick search says I can get a tax exempt bond fund that paid a distribution yield of 3.76% ($1,786,00.00) last month ($21,432,000.00 a year). And you still have the whole pie.
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Brute 23
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Re: 1 in 302 million.....

Postby Brute 23 » Sat Oct 20, 2018 8:28 am

Yup, Im not a lottery person but I will probably play this next one.

I remember that last time it got up like this. We literally shut a whole location down for about 15 min trying to get the numbers. We all looked ours over... threw them in the trash... then were like... guess we better go back to work.
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Re: 1 in 302 million.....

Postby Dave » Sat Oct 20, 2018 8:59 am

I have a friend who is a self made multi millionaire. He says the lottery is a tax on people too stupid to do math.

I have another friend who won a state lottery in 1990 for $13.75 mil. I have told his story here before. Between the IRS, divorces, and drinking there ain't no money left. He is flat broke today. Living on a small social security check and a tiny pension from a place he worked in the 70's. Quit working at age 40 the SS and pensions don't build up much.

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Re: 1 in 302 million.....

Postby greybeard » Sat Oct 20, 2018 9:29 am

A citizen named Peggy, convinced 42 people in the tiny town of Roby Tx (pop-600) to go together and buy/share 420 tickets and they got a winning Tx lottery ticket in 2011. $46 million. The jackpot netted each winner $1,085,162, which, after taxes, was paid out in 20 yearly installments of $39,000.

https://www.bigcountryhomepage.com/news ... /100841238

Didn't help too much because all the winners except the clerk at a Sweetwater liq our store that went in with them, were farmers in the middle of a drought, and most were in debt when they won. 7% of the town were "millionaires" overnight.
Most of the winnings went straight to the bankers to pay off debt. One year to the day of winning, Peggy was diagnosed with cancer and died a few weeks later. One winner's house burned down. One got hauled into court by an ex-wife claiming a bogus child molestation charge.
https://maps.roadtrippers.com/stories/roby-texas

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Brute 23
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Re: 1 in 302 million.....

Postby Brute 23 » Sat Oct 20, 2018 10:12 am

It was supposed to be set up to generate revenue for schools or what ever but Ive always heard like 80% of the people who play are below the poverty level already.

People always think money will solve their problems... it actually does the opposite by magnifying their flaws.
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sstterry
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Re: 1 in 302 million.....

Postby sstterry » Sat Oct 20, 2018 10:48 am

Brute 23 wrote:It was supposed to be set up to generate revenue for schools or what ever but Ive always heard like 80% of the people who play are below the poverty level already.

People always think money will solve their problems... it actually does the opposite by magnifying their flaws.



I would believe that about those who play.

All lottery revenue in TN is dedicated solely for education. That is why we have free two years of college or vocational school and Hope Scholarships for the remaining two if you maintain the grades. The TN Lottery also has a program that names a teacher of the week in several different areas, runs a tv spot highlighting them and then they have a statewide Teacher of the Month. The lottery has helped thousands of kids in Tennessee go to college that otherwise could not afford it.

I spoke with the Director of the Tennessee Lottery last spring. I thought that the majority of the money earned was from scratch-offs, but she told me that by far the majority of the profit comes from Powerball and Mega-Millions.