You last visited September 5, 2008, 3:15 am
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Powerball lottery jackpot hits $200 million
Baton Rouge, LA United States Member #4685 May 7, 2004 302 Posts Offline |
| Posted: March 8, 2008, 2:51 pm - IP Logged |
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I don't think that is a bad idea. Sometimes I play when the jackpot is low and sometimes I play when it's high. It really depends on my budget for the week/month. Thank you. Since I already participate in a pool, which costs me $4 every 2 weeks/payday, I don't think it's worth it to spend more to play myself. I don't want to go overboard with it. Sometimes, I might buy a Powerball on a whim even if it's below $100 million. Sometimes I just feel lucky so I buy one, but I haven't been yet. PrisonerSix
"I am not a number, I am a free man!"
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United States
Member #59651
March 8, 2008
174 Posts
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| Posted: March 8, 2008, 3:08 pm - IP Logged |
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Todd:
What is the rule on roll-over for PowerBall? Something to do with a pervious maximum, then it only goes up a small percentage?
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Chief Bottle Washer New Jersey United States Member #1 May 31, 2000 14953 Posts Online |
| Posted: March 8, 2008, 4:14 pm - IP Logged |
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Todd:
What is the rule on roll-over for PowerBall? Something to do with a pervious maximum, then it only goes up a small percentage? The best place to go for information about Powerball — including that question — is USA Mega.
That question is answered on the Powerball FAQ page there. You'll see it if you scroll to the bottom. (Plus check out the other info!)
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United States
Member #59651
March 8, 2008
174 Posts
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| Posted: March 8, 2008, 4:47 pm - IP Logged |
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The best place to go for information about Powerball — including that question — is USA Mega.
That question is answered on the Powerball FAQ page there. You'll see it if you scroll to the bottom. (Plus check out the other info!) While continuing to be educated ... when will that magic maximum number be reached?
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United States Member #24723 October 21, 2005 593 Posts Offline |
| Posted: March 9, 2008, 4:02 am - IP Logged |
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Just win it Mylollipop, just win it!
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PA United States Member #23322 October 6, 2005 1733 Posts Offline |
| Posted: March 9, 2008, 5:08 am - IP Logged |
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My rule for Powerball is I only play myself when it hits $100 million. My only reason for that rule is I don't want to spend too much on the lottery. The lottery pool I run at work plays every week, so I also participate through that. In some ways I would rather the $15 million than $100 million or more. Then you won't see me on world news today. $15 million after a record jackpot win would be even better.
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PA United States Member #23322 October 6, 2005 1733 Posts Offline |
| Posted: March 9, 2008, 5:14 am - IP Logged |
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"Lottery players have a magic number — how much would it take to retire, Cook said.
For Mike Anthony, 31, a pharmaceutical salesman, that number was right around Wednesday's jackpot of $173 million."
Yeah, it would be so very difficult to retire on the after-tax cash from a jackpot of only $50 million. What makes me "angry" is that it is idiots like this who have no concept of the true value of money who win. I could retire on $1 million easily, especially in my current area.
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United States Member #5437 June 30, 2004 21756 Posts Offline |
| Posted: March 9, 2008, 11:08 am - IP Logged |
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I know. I don't understand how people feel they can't retire on jackpots unless they are higher then $150 million.
I could retire on less than $150 million easily.  Life is Good. "If you always do what you always did, you will always get what you always got."
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United States Member #5437 June 30, 2004 21756 Posts Offline |
| Posted: March 9, 2008, 11:11 am - IP Logged |
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What makes me "angry" is that it is idiots like this who have no concept of the true value of money who win. I could retire on $1 million easily, especially in my current area. I agree, on could retire on a million if they aren't going to try to live like millionaires. Life is Good. "If you always do what you always did, you will always get what you always got."
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NC United States Member #29750 January 1, 2006 184 Posts Offline |
| Posted: March 9, 2008, 11:36 am - IP Logged |
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A million after taxes put into a standard Money Market account bringing in a measley 5% per year would still give you a yearly income of around $50,000.00 before taxe... I'd say that's enough as long as you don't live anywhere with a high standard of living. Personally I would have to put it in to the stock market where it would not only earn atleast 8% per yea, but you would also be bringing in dividends (rolled over or not)... $1million sounds real good...
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